DETROIT — As the industry prepared to depart for the Thanksgiving holiday last week, General Motors Financial announced how much cash it was getting from its parent automaker to acquire the remaining foreign operations of Ally Financial. Officials said GM will contribute approximately $2 billion in cash to GM Financial to increase its equity and […] [Read More]

NEW YORK — Still-strong wholesale vehicle values resulted in yet another decline for U.S. auto ABS losses, according to the latest index results from Fitch Ratings. Analysts said October auto ABS losses also remained stable as the new model season kicked into gear for vehicle sales. Fitch pointed out the Manheim Used Value Index gained […] [Read More]

WASHINGTON, D.C. — Just before Thanksgiving, the Federal Reserve Board and the Consumer Financial Protection Bureau announced increases in the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease transactions. Officials said these increases are consistent with the Dodd-Frank Wall Street Reform and Consumer Protection […] [Read More]

The brand rankings in the 14th annual ALG Residual Value Awards winners announced this morning marked both a sweep and reclaimed crowns. Honda took top honors on the mainstream brand side following a three-year absence from the No. 1 spot, while Acura ranked first on the luxury side, ending a two-year absence. These brands combined […] [Read More]

The fiscal cliff is all the talk in Washington, D.C., nowadays since lawmakers must decide if the Bush-era tax cuts and a 2-percentage point payroll tax deduction among other elements will be extended by Jan. 1. Kelley Blue Book did some calculations recently to find out exactly what these tax issues mean to a typical […] [Read More]

These days, a dealer can assume that most every customer that comes through the store’s doors has searched the Internet once or twice before deciding on a dealership to try out. But how and when are shoppers turning to search engines, dealership websites and third-party sites during the shopping process? For a special "Advertising Ideas […] [Read More]

Independent auction network ServNet revealed Tuesday a new member on its board of directors. Tapped for the position is the owner and general manager of Pittsburgh Independent Auto Auction: Dave Angelicchio. [Read More]

GE has taken a big step in its alternative-fuel vehicle goals. In a collaboration announced Tuesday, GE is buying 2,000 new Ford C-MAX Energi plug-in hybrids for its fleet, which would put GE a fifth of the way toward its alt-fuel target. With the 2,000 C-MAX Energi units coming into the fleet, GE will have […] [Read More]

Naked Lime Marketing has announced that its digital reputation management service for dealers has been approved by General Motors for the 2013 Standards for Excellence program. Moreover, dealers using its marketing services may be eligible for reimbursement for these services under the GM iMR (In-Market Retail) Turnkey Program in which GM reimburses dealerships for a […] [Read More]

A behind-the-scenes look at one of the nation’s largest auto auctions and its processes was the latest course of study for students of the Auction Academy. The Academy’s inaugural class, dubbed the Next Generation/Sons and Daughters, took part in a two-day curriculum offering insights into the detailed preparations and processes used by Southern Auto Auction. […] [Read More]