Ford Motor Credit revealed Wednesday that is has appointed a chief operating officer. Tapped for the newly created position is Bernard Silverstone, who is currently the president of marketing and sales for Ford Credit. Silverstone has also been elected a corporate officer of Ford Motor Co., as well. He will move into his new position […] [Read More]

The winner of the NADAguides Car of the Year was revealed Wednesday, as analysts at the Los Angeles International Auto Show chose the 2011 Chevrolet Cruze. NADAguides highlighted that the Cruze beat out 10 other contenders that were eligible for this award based upon performance, impressive styling and design, fuel ratings, safety features and cost […] [Read More]

An industry veteran who has held posts at DealerTrack, JM Family Enterprises and Reynolds and Reynolds was tapped to be vice president of sales at DMEautomotive on Wednesday. Gaining the position is Chris Case, who brings  more than 20 years of sales experience at some of the industry’s most well-known technology providers. DMEautomotive is charging […] [Read More]

Motor Trend has chosen the recipient of its Car of the Year Award, revealing the winner Wednesday at the Los Angeles International Auto Show. Taking home the honor is the 2012 Volkswagon Passat, after being judged in categories including advancement in design, engineering excellence and safety, among others. The Passat — produced in the automaker’s […] [Read More]

TORRANCE, Calif. — Toyota Financial Services believes it now has a "first-of-its-kind" iPhone app, a tool the company rolled out this week. TFS highlighted that what makes its iPhone app so special is that it can incorporate personalized QR code technology that can allow customers to access their accounts through their smartphone. The company explained that customers […] [Read More]

HAUPPAUGE, N.Y. — With online coupons rising in popularity, a new company is looking to drive more business for credit unions and dealerships through a unique automotive coupon program. Officials from cuautocoupon explained that they formed the company to provide credit union members with discounts when purchasing a new or pre-owned vehicle through their coupon […] [Read More]

WASHINGTON, D.C. — The Work Number, a service of Equifax, recently partnered with Seattle-based DocuSign to provide organizations and consumers a means to capture electronic signatures. Leveraging DocuSign's eSignature solution, organizations, including dealerships, can now submit electronically signed consent forms when required while using Equifax verification services. Federal agencies such as the Social Security Administration […] [Read More]

LAKE SUCCESS, N.Y. — Along with a dealer promotion to celebrate the achievement, DealerTrack discovered this week that last Friday's unique date also marked the company surpassing 1,111 U.S. lenders connected to its credit application network. Of course, last Friday's date was Nov. 11, 2011 — 11/11/11. As part of this milestone achievement, DealerTrack will […] [Read More]

Along with recapping its annual World Convention, Toyota Motor Corp. declared Wednesday that despite ongoing production hurdles, the OEM has the inventory to reach its sales goals. Based on parts availability, the automaker indicated its North American vehicle plants will continue operating on a normal production schedule during the weeks of Nov. 21 and Nov. […] [Read More]

Wholesale prices “remained true to typical October form”  last month, analysts with NADA Used Car Guide said when pinpointing the average decline for the month. They explained that October values for vehicles up to five years in age fell by an average of 2.5 percent relative to September. NADA UCG shared this data in the […] [Read More]