Honda announced late last week it will recall approximately 554,000 model-year 2002 through 2004 CR-V and model-year 2003 Pilot vehicles in the United States to inspect and replace components of the headlight wiring system. The automaker discovered there is a potential failure with the wiring of the headlight switch that may cause the low beam […] [Read More]

TrueCar named a vice president of dealer development on Friday, and appointed to the position was Ken Potter. His responsibilities in the new role include managing field sales and inside account management teams, as well as fostering strong relationships with dealerships and representing the company at industry events. “We are excited to have Ken join […] [Read More]

When it comes to making customers happy, it’s just not just about answering the phone at a call center anymore. Just as auto advertising and car research has shifted into the social media realm, so has the customer service aspect for automakers. Ford, for one, is striving to employ social media as a means to […] [Read More]

Revealed late last week, customers of Nebraska Auto Auction will now be able to scan all the inventory that’s making it through the auction’s lanes online. Utilizing online marketplace AuctionPipeline, NAA went live with PipelineSimulcast in late January, and added a second lane in February. Now, with the addition of PiplineSimulcast to the auction’s third […] [Read More]

Officials with KAR Auction Services say the technology crafted by the company’s AuctionTrac subsidiary can allow wholesale sellers to be more productive and time-efficient during sales. The features in AuctionTrac’s system can help sellers to monitor their inventory and make the check-in and check-out processes run quicker, as well as locate several vehicles simultaneously. AuctionTrac […] [Read More]

On Friday, Group 1 Automotive revealed it has purchased a dealership in Merriam, Kan. Shawnee Mission Hyundai is expected to generate $50 million in estimated revenues. “Group 1 is pleased to add a fourth Hyundai franchise to its portfolio and expand its presence in the Kansas City metropolitan area where we presently operate large BMW […] [Read More]

SALT LAKE CITY — Prestige Financial Services recently completed its ninth rated term securitization, issuing $230,071,000 in securities backed by $244,756,951 in auto installment receivables. In a transaction led jointly by J.P. Morgan Securities and Wells Fargo Securities, the company explained notes were purchased by qualified institutional buyers and accredited investors in a private offering […] [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services recently announced Marine Coast Financial — a company that initiates financing for marine dealerships in the western United States — joined the AppOne platform. Wolters Kluwer reiterated AppOne can help to automate the indirect lending, credit approval and compliance processes for lenders and the dealerships they work with. The […] [Read More]

DETROIT — As the top auto finance provider in the U.S., according to AutoCount by Experian Automotive, Ally is continuing its strong momentum, with solid year-over-year growth in total vehicle financing (up 27 percent). Ally continues to grow across its new- and used-vehicle financing business, as well as leasing. Ally has also nearly doubled its share […] [Read More]

SANTA MONICA, Calif. — TrueCar revealed a new vice president of dealer development late last week, and appointed to the position was Ken Potter. His responsibilities in the new role include managing field sales and inside account management teams, as well as fostering strong relationships with dealerships and representing the company at industry events. "We are […] [Read More]