The National Automobile Dealers Association welcomed the news that the House Energy and Commerce Committee approved legislation Wednesday repealing a mandate that requires dealers to provide buyers with a booklet on vehicle insurance costs. The bill, H.R. 5859, introduced by U.S. Reps. Gregg Harper, R-Miss., and Bill Owens, D-N.Y., is strongly supported by NADA. “The […] [Read More]

Black Book has selected a new director of automotive licensing, tapping an industry veteran with deep roots in the automotive world. Black Book on Wednesday announced that Jared Kalfus has joined the company in this director role, in which he is responsible for leading Black Book’s efforts to increase data licensing revenue to OEMs, dealers […] [Read More]

In what could be considered encouraging signs on a number of fronts, J.D. Power and Associates discovered that May leasing levels moved higher both month-over-month and year-over-year. According to J.D. Power’s May Industry Health Review, May’s lease penetration settled at 20.9 percent, up 1.5 percent from the previous month and 9.4 percent from the same […] [Read More]

Tonight, Perry’s Auto Auction will be featured on a news program on national TV. Brian Sullivan, co-anchor of CNBC’s Street Signs, is hosting the CNBC broadcast, Getting Back To Business. The event will bring together well-known corporate leaders and small business owners from across the country for a unique look at very different companies that […] [Read More]

Bill McIver is the first to admit he’s not very good at this retirement thing. Three years ago, he officially “retired” from GMAC, now known as Ally Bank — where he spent 40 years — but his active-duty status in the remarketing business didn’t exactly end there. [Read More]

After word of an initial public offering at AutoTrader Group surfaced this past weekend,  the news out of Atlanta on Tuesday turned back to the realm of online vehicle listings, as AutoTrader.com rolled out a new solution geared to protect information of private sellers. Following a successful year-long test pilot, the site launched Privacy Shield, […] [Read More]

Dealers selling new and late-model used midsize cars may have a new selling point at their disposal when talking with moms and dads who visit their lots. Edmunds.com editors are recommending the midsize car as the most ideal vehicle segment for teenagers. And after evaluations of every model in the segment, Edmunds has released a […] [Read More]

As part of its renewable energy goals, Manheim announced new solar projects at two of its auctions. On Tuesday, the company reported on the completion of photovoltaic solar installations at both Manheim Baltimore-Washington and Manheim Nashville, projects meant to produce clean energy and reduce carbon emissions. This brings the company’s total number of completed solar […] [Read More]

Citing the rise in mobile usage across the globe, Autobytel this week announced the launch of a dedicated mobile version of its website to help meet the demand. Explaining what the new site entails, officials said the new mobile site offers many features from the company’s full website, but built specifically for the mobile environment. […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} NEW YORK — The auto loan default rate hit its lowest in the eight-year […] [Read More]