After returning to auto business just a couple months ago, former General Motors and Chrysler executive Tom LaSorda has landed a new role heading up day-to-day activities for Fisker Automotive, where he has been working since December. In a re-organization announced Tuesday, it was revealed that company co-founder Henrik Fisker will step into a role […] [Read More]

Online wholesale vehicle marketplace OVE.com recently revealed that as it gained more independent auction partners over the past year, dealer sales rose by more than 100 percent, as well. And 2012 is also off to a strong start, according to officials. In 2011, independent auction partners grew their sales by nearly 25 percent on the site, while […] [Read More]

Dealers and buyers searching through the lanes of Bel Air Auto Auction’s Speciality Sale division will soon be looking forward to a new level of “comfort and convenience,” according to officials. BSCAmerica is set to open its new Clayton Station building later this Spring. Just what does this new building entail? [Read More]

SCHAUMBURG, Ill. — When Experian Automotive tallied up the top 20 lenders for its quarterly analysis of the automotive finance market, one company posted year-over-year gains higher than most of the other ones mentioned altogether. TD Auto Finance broke into the top 10 of all lenders during the fourth quarter thanks to a 230-percent year-over-year […] [Read More]

CHICAGO — TransUnion determined this week the national auto delinquency rate — the rate of borrowers 60 or more days past due — decreased on a year-over-year basis for the ninth consecutive quarter. Analysts indicated delinquencies dropped from 0.59 percent in the last quarter of 2010 to 0.46 percent to finish 2011. On a quarter-over-quarter basis, TransUnion […] [Read More]

MATTHEWS, N.C. — Subprime lending company Ace Motor Acceptance is working to “recognize the needs of the dealer,” as well as ramping up its offerings for the buy-here, pay-here market. The company, founded in 1998, made the transition into the BHPH market through the creation of its BHPH in A Box program in 2009, Wayne […] [Read More]

YONKERS, N.Y. — Touting the widespread gains in used-vehicle reliability, Consumer Reports has come out in its latest Annual Auto issue with a message that will likely be welcome news to the used-car business. The publication is saying that buying a used car is becoming “less risky,” and backs that up with its findings that […] [Read More]

When the national reading tour that Mazda is sponsoring wraps up Friday at The New York Public Library, attendees at the event will be treated to an appearance from movie star Zac Efron, who will be the celebrity guest reader at the “Read Across America Day” celebration. This will conclude the “NEA’s Read Across America […] [Read More]

It’s likely that used supply is only going to get tougher for dealers this year, but it may not be as challenging as initially projected. The latest Guidelines report issued by NADA Used Car Guide in mid-February forecasts that used supply for 2012 will slide 3 percent year-over-year, a more moderate decrease than the 7-percent […] [Read More]

General Motors revealed this week it has chosen a new leader of global information technology. Tapped for the position is Randy Mott, who the company noted is a a veteran of several corporate chief information officer positions. His appointment to lead GM’s global information technology is effective immediately. [Read More]