Thanks to what company officials estimated as moving approximately 1,200 units every selling day for the last 12 years, SmartAuction, Ally Financial’s online used-vehicle auction, announced this morning it just sold its 4 millionth vehicle. SmartAuction calculated that the total estimated wholesale value of the 4 million vehicles sold on the platform since 2000 is […] [Read More]

Two separate partnerships with online auto marketplaces have recently been unveiled by Detroit Trading Co., including a deal to take care of all the inventory and lead operations for Yahoo Autos. Detroit Trading Co. announced that it was selected as the exclusive technology platform for Yahoo Autos. It is also serving as distributor for its […] [Read More]

From urban garden projects to car donations and facebook contests, OEMs are becoming more and more involved in their communities and with their customers. First up, Mercedes-Benz is looking for Facebook fan participation. In an effort to market its new 2013 models to the brand’s social media followers, Mercedes-Benz is inviting its Facebook fans to […] [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;} SACRAMENTO, Calif. — The Independent Automobile Dealers Association of California, as well as the […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE ORWIGSBURG, Pa. — Preferred Automobile Credit Co. announced recently that it has expanded both the age and mileage limits of vehicles eligible for financing. Effective immediately, PACCO is increasing the allowable age of eligible cars, SUVs and trucks from eight to 10 years and the maximum allowable […] [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;} ALEXANDRIA, Va. — The American Bankruptcy Institute highlighted that July's total bankruptcy filings in […] [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;} DETROIT — Thanks to what company officials estimated as moving approximately 1,200 units every […] [Read More]

July’s certified pre-owned sales narrowly edged up from year-ago figures, but the daily selling rate was the strongest of all time (for July or any month), according to Autodata Corp. There were 151,055 CPO sales in July, compared to 150,831 certified units moved in July 2011, Autodata noted. The best-ever daily selling rate of 6,294 […] [Read More]

Along with a long discussion about how satisfaction with auto finance providers is significantly higher among dealers who have a preferred relationship with their lender, the J.D. Power and Associates 2012 U.S. Dealer Financing Satisfaction Study determined which finance company ranked highest for retail leasing. Taking the top spot with score of 959 and edging […] [Read More]

As a slow job growth rate, failing consumer confidence and a stalling economic recovery perhaps contributed to weaker-than-expected July auto sales, one group of OEMs bucked the trend. The America International Automobile Dealers Alliance reported that international brands “managed to gain ground during the month.” In fact, import brand sales grew by 18.9 percent in […] [Read More]