CHICAGO — TransUnion analysts credited shrewd decisions by dealers and lenders for pushing their 2012 auto loan delinquency projections higher than readings expected as this year closes. TransUnion indicated this week that the ratio of borrowers 60 or more days past due will remain the same between the end of 2011 and 2012. Analysts said […] [Read More]

WOODCLIFF LAKE, N.J. — In preparation for the 2012 London Olympic games, BMW Financial customers can now log into the company’s My BMW website to enter the running for a grand prize trip to these games, including airfare and other merchandise. Valued at $25,000, website visitors gain an automatic entry into the “2012 BMW Financial […] [Read More]

Ford declared this week its customers will soon benefit from a major software upgrade to MyFord Touch following a real-world beta test with about 1,000 Blue Oval employees. The OEM explained the software upgrade is coming for 2013 models and to owners of existing MyFord Touch-equipped vehicles. Ford noted the employee beta test is part […] [Read More]

Aimed at boosting all facets of a store’s operation, Nissan Motor Co. recently formed a strategic relationship with Microsoft Corp. to collaborate and create a next-generation dealer management system based on Microsoft Dynamics CRM. Using the powerful foundation of Microsoft Dynamics CRM and the industry expertise of Nissan, officials believe the two companies will blend […] [Read More]

SoCal Penske is gearing up to usher in Penske Buick GMC of Cerritos, a new showroom set to open Thursday at the corner of Studebaker Road and 183rd Street in the Cerritos Auto Square. After opening to the public, official highlighted Penske Buick GMC of Cerritos will operate in its new premium, state-of-the-art, energy efficient […] [Read More]

NCM Associates announced Tuesday that it is offering an annual training subscription plan for dealers that includes unlimited access to core NCM Institute courses for all managers across multiple dealership points. This access is provided for 12 months and lets managers take as many courses as they want to during that period. The NCM Institute’s […] [Read More]

Edmunds.com revealed Tuesday that it has promoted three long-time executives. In a reorganization, former chief executive officer Jeremy Anwyl will be stepping into the role of vice chairman of the company. Anwyl has been with the Edmunds.com since December 1999, first as chief operating officer. “The new assignment allows him to focus on further strategic advancements,” […] [Read More]

In an industry known for its outspokenness, a new business model has taken front and center as new cause for debate — TrueCar.com. And Scott Painter, company founder, has addressed this head on in the form of an open letter to the automotive community. TrueCar, which recently signed an exclusive deal with Yahoo Autos, as […] [Read More]

Turns out, the most-researched new vehicles of 2011 on Kelley Blue Book’s website all are manufactured by the top five brands with the greatest share of market interest for this year. KBB’s top five brands with greatest share of market interest among new-vehicle shoppers included: 1. Toyota with 14.2 percent. 2. Ford with 13.5 percent. […] [Read More]

November marked another month of sequential wholesale value declines, but the month-over-month slide slowed down and prices maintained their lead over year-ago levels, according to the latest Guidelines report from NADA Used Car Guide. Overall, used vehicles (up to five years old) saw their prices fall 0.4 percent on a month-over-month basis in November. However, […] [Read More]