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]

The National Auto Auction Association has elected a vice president for the 2012–2013 term, and chosen for the post is Ellie Johnson. Johnson — the general manager of Manheim North Carolina in Kenly, N.C. — was elected at last week’s NAAA Conference. [Read More]

The Toyota Certified Used Vehicles program has grown with enhancements and additions over the years, but the members of the used-car department at Longo Toyota still “know the program, basically, inside and out” because they can be fully devoted to it, says pre-owned sales director Will Amiri. The veteran used-car staff members at Longo have […] [Read More]