It was an impressive season for the certified pre-owned industry. The summer included the best August the segment has ever seen, according to Autodata Corp., and that was followed by a CPO sales increase in September to cap the strongest quarter on record for the certified market. In the midst of this record-breaking hot season, […] [Read More]

With unemployment rates high, the job market remains unstable, and it seems to be affecting the auto industry, as well. Although consumers are not so much concerned with increased car payments, their worry lies in the length of the loans, according to Swapalease.com. [Read More]

Regions Bank has partnered with TrueCar Inc. in an effort to make vehicle shopping easier for its users. Regions Bank customers and non-customers can now research, shop for, finance and insure a new or used vehicle through the Regions Auto Center housed on the company’s website at regionsautocenter.com, the company explained. The new, free service […] [Read More]

Airport Auto Auction recently announced it has been awarded a contract with the U.S. General Services Administration, and will soon hold its first GSA sale. Officials at the family-owned independent auction, which is celebrating more than 30 years in business, say they expect to host their initial GSA Sale on Nov. 8. “October is always […] [Read More]

The latest hybrid vehicles by automaker Toyota were introduced to American audiences this past weekend not at the dealership, but via television. Toyota introduced its all-new Avalon Hybrid and the company’s hybrid vehicle lineup in a Discover Toyota showcase, which aired on Oct. 7 on multichannel retailer HSN. Toyota is reportedly the first auto manufacturer […] [Read More]

NEW YORK — Moody's Investors Service explained that subprime auto lenders, in particular, use historical granular customer and loan characteristics to build and refresh custom scores that can supplement the information contained in FICO scores. Since auto lenders often develop and rely on proprietary, internal credit scores that tend to rank and order subprime credit […] [Read More]

CINCINNATI — With unemployment rates high, the job market remains unstable, and it seems to be affecting the auto industry, as well. Although consumers are not so much concerned with increased car payments, their worry lies in the length of the loans, according to Swapalease.com. According to a recent study from the site, 43 percent […] [Read More]

CRYSTAL LAKE, Ill. — Automotive Compliance Consultants insisted dealers subscribing to its services can save as much as $650 a month in credit bureau report markup fees. From the firm's Compliance Solved Web dashboard, subscribing dealers can download reports from Experian, TransUnion and Equifax. Automotive Compliance Consultants said it does not charge dealers a markup […] [Read More]

WASHINGTON, D.C. — American Bankers Association cautioned that cybercriminals are increasingly targeting small businesses such as dealerships, to transfer funds from accounts and steal private information, a fraud referred to as "corporate account takeover." The association contends that criminals can use spoofed emails, malicious software and online social networks to obtain login credentials to businesses' […] [Read More]

Social media is here to stay, forever altering the way business is done, including within the auto industry. And rather than waiting for its customers to contact the company, at least one OEM is using social media to take the initiative and reach out.   General Motors recently reported on its Customer and Relationship Services Group […] [Read More]