Comerica Bank's newest Auto Affordability Index showed the purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the third quarter of this year. Analysts found consumers on average spent $75 less on new models in the third quarter than they did in the second quarter. The historical series […] [Read More]

AutoManger Inc. recently unveiled a new version of its dealer management software, which includes a new tool for managing flooring costs. Desk Manager 11.93 also expands on the capabilities of its predecessors with improved profit calculations and universal date/time settings, the company shared. The company explained that now, dealers who use a revolving line of […] [Read More]

As a way dealers can reinforce to potential buyers about how considering resale value down the road is an important part of getting a good deal, KBB.com is featuring the 10 best deals currently available on new models that recently won 2013 Best Resale Value Awards. Alec Gutierrez, senior market analyst of automotive insights for […] [Read More]

Seven Acura dealerships have made a pledge to raise $500,000 over the next two years, to benefit one of the nation’s top pediatric medical centers. Announcing the pledge to benefit Boston Children’s Hospital on Friday were the New England Acura Dealers. As part of the relationship, a portion of the proceeds from every Acura sold […] [Read More]

WESTLAKE VILLAGE, Calif. — While the J.D. Power and Associates 2012 Consumer Financing Satisfaction Study indicated there is a strong relationship between an exceptional vehicle loan or lease servicing experience and customer intent to use the same finance provider again, the study also found that there is a minimal relationship with the servicing experience and […] [Read More]

WASHINGTON, D.C. — Captured in a measure supported by multiple banking and credit union associations, the U.S. House of Representatives last week passed legislation aimed at eliminating redundant mailings. U.S. Rep. Blaine Luetkemeyer of Missouri sponsored the Eliminate Privacy Notice Confusion Act (H.R. 5817). Luetkemeyer said the bill would ease the Gramm-Leach-Bliley Act privacy notice […] [Read More]

HANOVER, Md. — Hudson Cook LLP recently added a new partner to its Washington, D.C. office. Joining the firm was Catharine Andricos, a former associate of the firm that management said brings significant academic and professional experience to her new role. Hudson Cook said Andricos will focus her practice on federal and state consumer financial […] [Read More]

LOS ANGELES — AutoManger Inc. recently unveiled a new version of its dealer management software, which includes a new tool for managing flooring costs. Desk Manager 11.93 also expands on the capabilities of its predecessors with improved profit calculations and universal date/time settings, the company shared. The company explained that now dealers who use a […] [Read More]

Manheim has purchased Ready Auto Transport, the auction company told Auto Remarketing.  Sharing more details on the deal that closed Friday, Manheim said it will operate the transport company as a fully independent business, with  Ready Auto Transport president Mark Jensen staying on in the role of group vice president of Ready Auto Transport The […] [Read More]

After November’s Hurricane Sandy, dealer demand for used cars is up; so why are pre-owned values declining? Kelly Blue Book’s Alec Gutierrez addressed this very issue in this month’s Blue Book Market Report. Granted, used values bumped up during the weeks following the storm, said KBB's  senior market analyst of automotive insights. But after the […] [Read More]