Kelley Blue Book contends consumers shopping for a used car in January had practicality on their minds, as the start of the New Year means a return to work and school. KBB’s Arthur Henry explained shoppers displayed “an increased interest in the full-size crossover, hybrid car and compact car segments,” as 2013 got underway, according […] [Read More]

Thousands of dealers have spoken, and the results are in. Honoring leaders in innovation, performance and customer service, DrivingSales recently announced its dealer-selected 2012 Dealer Satisfaction Awards. Awards are given based on ratings and reviews by the company’s dealer participants of their vendor partners, who use the Vendor Ratings platform to declare which industry vendors […] [Read More]

Revealed late last week, NADA’s vice chairman for the new year has taken office. Taking the position for 2013 is Forrest McConnell, III, owner of McConnell Honda and Acura in Montgomery, Ala.. Commenting on his appointment, McConnell said, "I'm honored to lead a group of entrepreneurs that drive the American economy. It's a privilege to […] [Read More]

Toyota Motor North America announced last week that it has reached a settlement agreement with the attorneys general of 29 states and one U.S. territory to resolve issues related to recalls conducted by the company from 2005 to 2010. As part of this settlement, which Toyota’s board approved last December, the automaker will pay $29 […] [Read More]

As Subaru reached a new milestone with its annual “Share the Love” charity campaign, Chrysler Group revealed it took less than a week to hit a target necessary to trigger a donation to the National FFA Organization. Ram pledged to make a donation to the National FFA Organization for every view of its two-minute “Farmer” […] [Read More]

MINNEAPOLIS — With regulatory compliance becoming even more urgent these days, Wolters Kluwer Financial Services reiterated that its professional services can help lenders, captive finance companies and loan servicing organizations obtain the information they need to understand U.S. regulations applicable to consumer default documents affecting auto lending. The company highlighted Wolters Kluwer Financial Services' compliance […] [Read More]

HANOVER, Md. — Hudson Cook recently announced a partner is returning to the firm to focus his practice on federal and state consumer financial services laws with particular emphasis in automotive financing. Coming back after a most-recent stint as counsel at Ally Bank is Thomas Buiteweg, who will be a partner at the Hudson Cook's […] [Read More]

BENTONVILLE, Ark., and CARMEL, Ind. — Both America's Car-Mart and J.D. Byrider added to their networks of buy-here, pay-here dealerships as one company strengthened its footprint in its home state while the other operation ventured into new territory. The 120th dealership in Car-Mart's network is located in Bethel Heights, Ark., raising the level in the […] [Read More]

ALEXANDRIA, Va. — The New Year began with total bankruptcy filings in the United States heading on a downward path as the January level dropped by 11 percent year-over-year. According to data provided by Epiq Systems, the American Bankruptcy Institute said January contained 78,471 total bankruptcy filings, down from last January when 88,028 cases were […] [Read More]

Wholesale prices are still on the way up, though the rate increases are expected to be very slight this week. NADA Used Car Guide told Auto Remarketing that similar to last week, it expects used-vehicle prices to subtly climb; increasing by 0.2 percent, or $25, this time around. “Across segments, expected changes are predominantly positive, […] [Read More]