FORT WORTH, Texas — With hopes of still increasing its U.S. lease volume, nearly every element of General Motors Financial's balance sheet improved during the third quarter, resulting in a net income total that doubled from the same quarter a year earlier. The company revealed earlier this week that its third-quarter net income came in […] [Read More]

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RANCHO SANTA MARGARITA, Calif. —  Dealers who focus on special financing and consumers with subprime credit will now have another lender option through Finance Express’ lender portal. The provider of Web-based financial services and technology for independent dealerships recently announced  it has partnered with Friendly Finance Corp. — an indirect subprime automotive finance company. Explaining […] [Read More]

J.D. Power and Associates has struck a deal with a provider of national audience measurement services to help shed some light on what buyers of specific car brands or segments are watching when they flip on the TV. By partnering with Kantar Media, J.D. Power is aiming to help auto advertisers better understand the relationship […] [Read More]

Toyota will recall about 550,000 six-cylinder Toyota and Lexus units throughout the world in response to a potential issue with the crankshaft pulley, a problem that could result in the power steering pump coming loose. Toyota Motor Sales USA issued a statement Wednesday announcing the recall of 420,200 vehicles in the U.S., and told Auto […] [Read More]

Amplicate’s latest social media analytics report revealed online users posted many more positive opinions than negative about Audi, Mercedes-Benz and other luxury brands during the past 12 months. The report found that 85 percent of all opinions on social media about Audi were positive during the past 12 months, while 77 percent of all opinions […] [Read More]

General Motors generated $1.7 billion or $1.03 per fully-diluted share in net income attributable to common stockholders during the third quarter, but Dan Akerson isn’t satisfied. The chairman and chief executive officer acknowledged, “GM delivered a solid quarter thanks to our leadership positions in North America and China where we have grown both sales and […] [Read More]

For the two sisters that own Hare Chevrolet, the passion for their family’s business came later in life. As youths, the women just wanted to escape their hometown. But now, as sixth generation dealers recently taking part in Chevrolet’s Centennial Celebration, the women embrace their family and store heritage. They are in charge of a […] [Read More]

Experian Automotive and Experian Hitwise recently discovered online users have increased their share of overall vehicle make and model searches for the four weeks that ended Oct. 8 as compared to the same time frame two years ago. And the rise is substantial. Analysts say it’s up by 37 percent. Drilling deeper into its findings, […] [Read More]

ADESA thinks one wholesale factor pushed prices higher both month-over-month and year-over-year in October — a greater amount of rental vehicles coming down the lanes. Before economist Tom Kontos explained why, ADESA Analytical Services’ monthly analysis turned up the specific price movements. ADESA found October wholesale used-vehicle prices averaged $9,842 — up 0.9 percent compared […] [Read More]