It was announced Thursday that the AuctionNet partnership between NADA Used Car Guide and the National Auto Auction Association has been extended another four years, meaning the used-car industry can continue tapping into this wholesale transaction data resource. [Read More]

Up and running for about a week, and Tim Zierden said ADESA/OPENLANE management is seeing hundreds of dealers leverage the new single sign-on function for ADESA.com, uniting the companies. While the senior vice president of dealer sales and services for ADESA/OPENLANE said the single sign-on tends to be more for buyers looking for inventory, he […] [Read More]

DealerTrack Holdings, introduced a new online inventory search and comparison solution this week that will be distributed by Chrome Data Solutions, a joint venture between DealerTrack and Autodata. Officials explained this new tool — SmartFind — is tied to actual dealer inventory for manufacturers, portals, technology providers and dealers. This new Web service, which can […] [Read More]

Kelley Blue Book discovered this week that Toyota recaptured its No. 1 spot for brand loyalty on kbb.com for the fourth quarter of 2011. Analysts pointed out Toyota last appeared in the top position during the third quarter of 2010. For the fourth quarter, the site indicated Toyota’s brand shopping loyalty was at 50.6 percent, […] [Read More]

The federal government is demanding stronger vehicle fuel efficiency and automakers have certainly been doling out the investment to pay for stronger gas mileage and alternative-powertrain technology. Granted, there is still some debate as to whether these alternative-fuel vehicles will truly catch on, but analysis from Deloitte suggests that younger car buyers may be the […] [Read More]

One nominee is the son of an Ellis Island immigrant. Another nominee is part of a family that’s operated a dealership for more than 100 years. Yet another took what some might consider a big leap — going to work with his father-in-law. In the next group of profiles of nominees for TIME Dealer of […] [Read More]

SureSale Certified has made its debut in Phoenix, Mota Motors revealed earlier this week, and officials contend that it gives dealers in the area even more options in terms of offering certified pre-owned vehicles. As detailed by Auto Remarketing last month, SureSale Certified is a new third-party CPO program from Mota Motors that offers eligibility […] [Read More]

IRVINE, Calif. — Consumer Portfolio Services recently recapped the charitable impact company employees made last year not only near their California headquarters but also close to branch offices in Virginia, Florida and Illinois.   CPS highlighted that employees' charity contributions in 2011 included: —Susan G. Komen Foundation: $5,374. —Operation Homefront, a program supporting soldiers and their […] [Read More]

WASHINGTON, D.C. — While the Federal Reserve didn't begin a new year with a monthly look at trends associated with new-vehicle loans generated by finance companies, officials did present November data about contracts from commercial banks. The Fed discovered the average interest rate on a 48-month, new-vehicle loan from a commercial bank came in at […] [Read More]

SOUTHLAKE, Texas — Peritus Portfolio Services, a purchaser of open bankruptcy auto secured paper from dealers, finance companies, banks and credit unions, recently formed an alliance with PassTime, a provider of GPS tracking and automated collection technology solutions to the specialized automotive finance industry. As part of the alliance, officials indicated more than 2,500 PassTime […] [Read More]