Hyundai announced this week that it has bolstered its warranty package on its Sonata Hybrid model to include a Lifetime Battery Replacement Guarantee. This broadens the benefits offered under Hyundai Assurance and covers the battery in all 2012 editions of the model throughout the life expectancy of the vehicle. Officials contend it goes “thousands of […] [Read More]

TORRANCE, Calif. — Toyota and Lexus and their financial arms are saying welcome home to returning American troops in their own way. In recognition of the thousands of troops set to make the journey home and their service to the nation, the companies are offering special APRs and rebates to qualified military personnel and inactive reserves […] [Read More]

EDINA, Minn. — CarHop's network of buy-here, pay-here dealerships now includes five near Chicago, as well as the company's first venture into California. This week, CarHop unveiled its 50th rooftop since beginning with its first store operation 16 years ago. The company now has a dealership in Hayward, Calif., at 22220 Mission Blvd. Also, CarHop […] [Read More]

DALLAS — The American Recovery Association and MasterFiles recently completed an integration project that's resulted in a new alliance. As a result, ARA members can perform their skip-tracing and front-end verifications in a cost effective way that association leadership believes cannot be duplicated anywhere else in the industry. "We are very appreciative of MasterFiles joining […] [Read More]

WASHINGTON, D.C. — In the spirit of making resolutions, a collection of dealer and a finance association offered a dozen points to help buyers make the right decision when they're ready to finalize a vehicle contract. Among the recommendations by AWARE — Americans Well-informed on Automobile Retailing Economics — many stem from budget knowledge and […] [Read More]

Volvo Cars of North America has tapped a new vice president of marketing and product planning to fill the spot formerly held by John Maloney, who became president and chief executive officer last month. Appointed to the position by Maloney is Tassos Panas, whose most recent post was as executive vice president of sales operations. […] [Read More]

Even though 2011 marked a dramatic downturn for off-lease volume — which is perhaps the most significant lifeflood for the certified pre-owned supply — some automakers are expecting that 2012 will present even more challenges for securing CPO inventory. So, in order to continue the momentum from a record year for certified sales in 2011, […] [Read More]

The National Independent Automobile Dealers Association and Manheim announced they are now accepting nominations for the 2012 NIADA/Manheim Community Service Award. The award recognizes independent dealers for community contributions and charitable sponsorships. Five finalists will be selected from the pool, and the winning dealership will be named on June 13 at the Leadership Awards Banquet […] [Read More]

Tracers Information Specialists, a service provider helping skip-tracers, repo agencies and other debt collectors track down consumers and collateral, recently revealed it has expanded its vehicle database. This database available through its website now contains vehicle and debtor information from 23 states. “Tracers offers a comprehensive suite of data tools that help collection professionals quickly […] [Read More]

The American Recovery Association and MasterFiles recently completed an integration project that’s resulted in a new alliance. As a result, ARA members can perform their skip-tracing and front-end verifications in a cost effective way that association leadership believes cannot be duplicated anywhere else in the industry. “We are very appreciative of MasterFiles joining with ARA […] [Read More]