FORT LAUDERDALE, Fla. — AutoNation announced Wednesday it has entered into a new unsecured credit agreement with a $500 million term loan facility and a $1.2 billion revolving credit facility.  The company explained the new credit agreement contains an accordion feature that allows it, subject to credit availability, to increase the amount of the term […] [Read More]

ALPHARETTA, Ga. — Bank of America and DataScan Field Services joined forces Thursday to roll out a website designed for used-vehicle buyers to complete their transactions in one place. The two companies launched PRNDL.com — pronounced prindle — a name inspired from the gears on an automatic transmission: park, reverse, neutral, drive and low.  Officials […] [Read More]

COLUMBUS, Ohio — While serving as an event sponsor, Huntington Bank will be looking to drum up some auto loan business during the upcoming 2012 Indy Auto Show. Huntington indicated earlier this week that it plans to have bankers available during the show to answer any questions attendees may have about new or used vehicle […] [Read More]

Jumpstart Automotive Group recently added a 15th member to its network of automotive website publishers, bringing EveryCarListed.com into the fold. EveryCarListed.com — an online portal for car shopping, reviews and ratings and more — joins Jumpstart members like Vehix, Car and Drive, Road & Track, TrueCar and CarGurus, just to name a few. Jumpstart’s latest […] [Read More]

Automotive website design company DealerFire recently announced it has expanded its sales team. Joining the company as its new national sales director is Carl Bauer, who brings more than 18 years of experience in the automotive industry. Bauer, who has worked at numerous levels in dealerships, including dealer principal, will now head up the team of DealerFire […] [Read More]

To help dealers wrap up the year on a high note, Cadillac launched a revamped mobile site and new holiday-themed consumer offers in time for the beginning of the 2011 shopping season. Seen as one of the most important components of the entire campaign, Cadillac highlighted the new mobile site can allow smartphone users to […] [Read More]

Dealer Uplink, a company that provides dealerships with QR barcode and mobile marketing services, announced this week a $1 million capitalization by its members that it contends will accelerate growth in North America and the U.K. During the next three years, the company — which has been around nine months — plans to create more […] [Read More]

Keffer Hyundai is one of the top-selling certified pre-owned dealerships in the U.S. for the Korean automaker. But Dewayne Moser is not satisfied. “We’re number two year-to-date with CPO sales, and we’ve had a goal all year of being number one,” Moser, the store’s vice president, co-owner and general manager, told Auto Remarketing. Moser also holds those […] [Read More]

ADESA reiterated Tuesday that its dealer customers have more when it comes to transportation services. Just months after announcing the acquisition of OPENLANE, ADESA is already integrating its physical auction locations with CarsArrive. The company pointed out CarsArrive is a subsidiary of OPENLANE that ADESA also acquired in the deal finalized earlier this year. OPENLANE’s […] [Read More]

The recent Thanksgiving weekend was largely a success for dealers, and it appears the shopping mall craze of Black Friday didn’t deter much traffic away from automotive websites, according to Dataium. In fact, the websites of two luxury brands — BMW and Cadillac — actually attracted more shoppers on Black Friday than they normally would […] [Read More]