From monetary and vehicle donations to deferred payments for storm-stressed customers, automakers and others in the industry are providing aid to those impacted by Superstorm Sandy. For auto dealers in areas affected by the storm, MediaTrac has announced complimentary email campaigns it says are designed to help dealers provide valuable information to their customers about […] [Read More]

Enterprise Holdings recognized its 2012 Auction Achievement Award winners on Thursday, spotlighting 11 auctions across the U.S. for their excellence in of strategic planning, communication, operational success, customer service, marketing and reconditioning. “Our auction partners play a vital role in our remarketing strategies,” said Andrew Taylor, chairman and chief executive officer at Enterprise Holdings. “We […] [Read More]

As damage tallies  stemming from Superstorm Sandy continue to climb, CNW Research determined the storm cost the used-vehicle industry nearly a quarter-million used sales in October. Or, put another way, $2 billion in "probable value." Nonetheless, CNW said Thursday that October sales were still up year-over-year by 4.6 percent. The firm tabulated total used sales […] [Read More]

The Dataium Automotive Shopper Intensity Index continued its upward momentum, increasing 4.65 percent from August to September. Dataium said the positive movement of the ASI — which serves as an early predictor of the next 30 to 45 days of automotive retail sales — reflects the strengthening consumer confidence that has been aided by a […] [Read More]

FLD, Inc., said Thursday it has promoted a new director of business development. Appointed to the role is Carol Fowler, who previously served as transportation manager and sales rep for the company, overseeing both national and international fleets. [Read More]

NEW YORK — Ally Financial's North American Automotive Finance, which includes operations for the U.S. and Canada, watched both its pre-tax income and loan originations soften during the third quarter. The company reported this morning that its third-quarter pre-tax income settled at $510 million, down from $551 million in the corresponding prior-year period. "This decrease […] [Read More]

BANDON, Ore. — As damage tallies stemming from Superstorm Sandy continue to climb, CNW Research determined the storm cost the used-vehicle industry nearly a quarter-million used sales in October. Or, put another way, $2 billion in "probable value." Nonetheless, CNW said Thursday that October sales were still up year-over-year by 4.6 percent. The firm tabulated […] [Read More]

NORTH RICHLAND HILLS, Texas and SANTA MONICA, Calif. — OpenRoad Lending, an online direct-to-consumer auto finance company, recently partnered with TrueCar for an alliance aimed at creating a better experience for consumers and dealers. With the new program on OpenRoad Lending, customers can receive guaranteed savings on a new vehicle, in addition to financing a […] [Read More]

CENTENNIAL, Colo. — CU Direct Connect announced this week that it has signed an agreement with AutoNation that names CU Direct Connect as a preferred lender for all of the dealer group's stores in Colorado. The agreement was effective as of Thursday. Officials said that CU Direct Connect, through its 34 member credit unions, is […] [Read More]

WALKAWAY has filled its newly created position of manager of dealer services. In a move that became effective today, earning the promotion to the role was Dana Senin. The company — which builds, markets and administers credit protection products for the retail auto business as well as the recreational vehicle industry — also announced that […] [Read More]