In honor of the first “Fiat 500 Abarth Driving Experience" — a chance for a new owner to attend a day of driving training with their new vehicle — Fiat has selected five Facebook fans to participate at a special inauguration drive event taking place in Las Vegas on Thursday titled “Drive for the Fans.” [Read More]

LIBERTYVILLE, Ill. — VW Credit revealed late last week that is has broke ground for a 30,000-square-foot expansion of one of its Illinois facilities. Through 2018, the multimillion-dollar expansion will bring more than 150 new jobs to the Libertyville area, officials noted. And the VCI Libertyville facility already employs nearly 500 employees. "VW Credit, Inc. […] [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;} ATLANTA and NEW YORK — CreditForecast.com recently discovered through data from Equifax and Moody's […] [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;} BANDON, Ore. — After tallying up how much buy-here, pay-here dealers compiled in gross […] [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;} IRVINE, Calif. — The turnaround at Consumer Portfolio Services continued into the first quarter […] [Read More]

General Motors offered a wide-ranging update on its used-vehicle operations Thursday, including the success of Owner Care, the special certified pre-owned maintenance program the automaker launched almost a year ago, as well as expectations on when wholesale volume will pick up to aid franchised dealers. Larry Pryg, national manager of certified pre-owned operations, shared during […] [Read More]

According to this week’s installment of exclusive AuctionNet Wholesale Price and Forecast Data provided by NADA Used Car Guide to Auto Remarketing, wholesale price trends are reflecting the influence of this spring’s gas-price spike.  With more consumers turning towards gas sippers and dealers eager to get these units on their lots, wholesale prices for the […] [Read More]

With gas prices high, more consumers are turning towards purchasing gas sippers like hybrids. However, dealers may have to fight harder to get hybrid buyers back into the store after their first purchase, according to recently released data from Edmunds.com Breaking the data down by 10 of the largest cities in the U.S., Edmunds.com found […] [Read More]

The National Independent Automobile Dealers Association launched a program Thursday to assist members in becoming more efficient and profitable when buying vehicles at auction through a partnership with Auction Genius.  The association indicated more than 300 dealers already have signed up for the service from Auction Genius. In addition to the 10-percent NIADA discount, Auction […] [Read More]

Mercedes-Benz USA created a new executive position Thursday — general manager of customer experience —  that includes responsibilites for developing, directing and executing initiatives across all areas of the business, including the dealer network. Effective May 1, serving in this position will be Harry Hynekamp, who will report to MBUSA president and chief executive officer […] [Read More]