On the heels of June wrapping up with the new-vehicle SAAR rising over 14 million, AOL Autos and Toyota said Monday they are tapping into the sales surge with the launch of a new online search tool for shoppers. The two companies contend that the new tool helps “consumers find the perfect car for their […] [Read More]

Dealer review website Women-Drivers.com announced this week its launch of a mobile platform for the site that enables women to write real-time dealer reviews directly from the showroom or service lane via smartphone. And according to Women-Driver.com, four in 10 customers are projected to own smartphones by the end of 2012, meaning that dealers can […] [Read More]

They represent a vast array of segments within the used-car and remarketing business, but have one key achievement in common: distinction as one of this year’s 13 Women in Remarketing. And these leading women of the industry will be honored at this fall’s National Remarketing Conference, which is part of the trio of events on […] [Read More]

Here’s a number used-car managers might want to remember as they’re scouring the lanes for inventory: 3.5 percent. That figure seems to be the consensus among analysts from Kelley Blue Book and NADA Used Car Guide on how much used-vehicle values are going to drop during the coming months. Alec Gutierrez, KBB’s senior market analyst […] [Read More]

As summer heats up and high fuel prices have eased, it seems gas sippers are on the way out and consumers are turning their eyes towards vehicles for “heavy-duty” activities. According to  Kelley Blue Book’s Hot User-Car Report, commercial or utility-oriented vehicles make up the top five segments with the greatest change in traffic share […] [Read More]

When looking at Kelley Blue Book’s data highlighting the changes in auction values for one- to three-year-old vehicles in the second quarter, the three segments with the most significant declines all fit in the crossover category. Interestingly enough, though, KBB points out that crossovers are still ahead of the game when it comes to retained […] [Read More]

Flagship Credit Acceptance, a national indirect automobile finance company, announced the issuance of its first asset-backed securitization. The total amount was $109 million in a transaction that was completed Thursday. Officials highlighted the securitization will increase Flagship’s liquidity position and will allow the company to further grow its auto finance business. As part of the […] [Read More]

As the industry gears up for the 2012 Center for Automotive Research Management Briefing Seminars this August, officials revealed some key speakers for the event, as well as hot-button topics. Leaders from automotive manufacturers and suppliers, along with the governors from the states of Michigan and Tennessee, “will discuss strategies to keep the momentum of […] [Read More]

Ford and Feeding America, one of the nation’s largest hunger-relief organizations, are organizing the 2013 Ford Escape Hunger Drive, a campaign covering all regions of the United States. During drive events, guests will be able to drive, walk around or ride in the all-new Escape, and in turn Ford will provide 40 meals per guest […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE NEW YORK and SAN FRANCISCO — Both JPMorgan Chase and Wells Fargo & Co. enjoyed healthy gains in auto originations during the second quarter as both companies watched growth come "across the credit spectrum." Both companies recently reported their second-quarter financial statements, and each one generated doubled-digit […] [Read More]