On Wednesday, Selig Technologies released a major update to VIN Viper for iPhone, the mobile appraising tool where dealers can scan a vehicle identification number or select the year, make and model to gather information. Most notable in this new release is the removal of device restrictions and user limits. SeligTech president Jason Seligman explained […] [Read More]

Avis Budget Group announced that its Avis Budget Rental Car Funding subsidiary renewed its U.S. asset-backed bank conduit facility, expanding its borrowing capacity by $450 million to $2.5 billion. Officials indicated the date until which the company may borrow under the entire facility has been extended to October 2013. J.P. Morgan and Deutsche Bank served […] [Read More]

As baseball’s World Series gets into full swing this week, the St. Louis Cardinals and Texas Rangers have a lot in common, with both bringing a lot of power to the plate as the they feature some of the game’s top sluggers. [Read More]

CARY, N.C. — The deadline for reserving a room for the Used Car Week Conferences at the exclusive conference rate is quickly approaching, according to Cherokee Automotive Group executives. According to conference organizers, Friday is the last day that the hotel — the Red Rock Casino, Resort and Spa — will be offering the conference […] [Read More]

PHOENIX — Buy-here, pay-here dealership chain Drive Time revealed this week it has chosen Inilex as its supplier of GPS-based vehicle tracking and recovery solutions. Speaking on the recent news Drive Time managing director John Gersitz said, “We look forward to building this relationship with Inilex. “After months of diligently searching for the right partner, […] [Read More]

NEW YORK — The S&P/Experian Consumer Credit Default Indices all climbed based on data through September, except one category — auto loans. The auto loan default reading actually dipped from 1.31 percent in August to 1.29 percent in September, S&P and Experian revealed this week in their monthly report that assembles a comprehensive measure of […] [Read More]

GARDEN CITY, N.Y. — To assist high-end luxury vehicle buyers, Chase Auto Finance and Aston Martin the Americas announced this week an expansion of their relationship, with the lender becoming the exclusive provider of financing for the brand's first U.S. retail subvention program. Officials explained Chase's arrangement with the British luxury automaker to provide retail subvention financing now allows Aston […] [Read More]

Analysts from Edmunds’ AutoObserver.com stand convinced smaller engines are taking over the new-vehicle market. They point to two reasons for the shift: improved technology and a push for better fuel efficiency. According to Edmunds.com’s data, the proportion of vehicles sold in the United States with four-cylinder engines has climbed from 32 percent in 2007 to […] [Read More]

Now all members of the Big 3 and the UAW have their negotiations settled. Ford confirmed this morning a new national labor agreement has been ratified by UAW-represented employees in the U.S. The automaker believes the agreement covering approximately 41,000 employees improves its competitiveness in the U.S. The OEM indicated it is adding 12,000 hourly […] [Read More]

Less than a year after AutoTrader.com acquired Kelley Blue Book, the industry is beginning to see the results of how these two companies can complement each other through services.  The companies revealed Wednesday that AutoTrader has brought its Trade-In Marketplace tool to Kbb.com, a move that can give subscribing dealers significantly greater exposure to online […] [Read More]