Normal 0 false false false EN-US X-NONE X-NONE HANOVER, Md., and WASHINGTON, D.C. — As auto finance companies continue to watch for new rules and regulations orchestrated and enforced by the Consumer Financial Protection Bureau, at least they know President Barack Obama wants to keep the agency's director in place. About a week after the […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE ORWIGSBURG, Pa. — Preferred Warranties, a provider of extended service contracts for pre-owned vehicles, highlighted how well received its new website has been by dealers since the company launched it earlier this month. Among the enhanced features attracting interest and accolades are: —A grid comparing covered parts […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE OCALA, Fla., and PHOENIX — Recovery Industry Services Co. and MBSi Capital Corp. recently announced they joined forces to become the sole provider of vehicle key codes within the iRepo Assignment Management Solution to all Ally Financial vendors. The companies insisted MBSi designed the process to be […] [Read More]

The most populated province in Canada is investing in energy-efficient vehicles in an effort to “move forward on its plan to become  a world leader in clean energy and manufacturing.”  The Ontario government announced an investment of almost $16.9 million toward hybrid vehicle production at the Toyota plant in Cambridge, Ontario. “The investment will allow […] [Read More]

While federal officials found the amount of recalls last year ended up as the second-smallest tally since 2000, Kelley Book Book analysts think the figure resulted in little impact on the used-vehicle market, especially in terms of pricing and shopping activity. The National Highway Traffic Safety Administration determined manufacturers filed more than 650 safety recalls, […] [Read More]

In line with seasonal expectations, one of the only segments expected to see an uptick in prices this week is the large pickup class. And NADA Used Car Guide expects used prices across all segments to remain relatively flat as AuctionNet wholesale prices are only expected to fluctuate plus or minus within 1 percent for […] [Read More]

Lease customers have their own sets of requirements, needs and wants when they are searching for a new ride but a recent survey revealed these may be changing — and fast. According to survey results from a study by Swapalease.com, roughly a quarter of people seek leases with less than 12,000 miles per year; more […] [Read More]

In surveying car dealers and industry contacts for its latest investor guidance report ahead of the fourth-quarter and full-year financial statements from the nation’s six publicly traded dealer groups, KeyBanc Capital Markets painted a picture of relatively healthy used-car activity. [Read More]

For dealers listing their used vehicles on Edmunds.com, connecting with used-car shoppers has perhaps become easier thanks to a new offering from the website. Edmunds has released Used Inventory Email Alerts that notify a shopper when a used car matching his or her criteria has been uploaded to the used-car listings on Edmunds.com. [Read More]

Each member of the the next group of nominees watched their fathers build customer relationships at their dealerships, but one was gearing up to be a football coach before a detour took him to store management. In the next group of profiles of nominees for theTIME Dealer of the Year Award, these store executives all […] [Read More]