With wholesale supplies still being pinched by factors dealers are well aware of, the Manheim Used Vehicle Value Index moved down only marginally in October. Manheim revealed Monday that wholesale used vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) ticked lower from both the previous month and the year-ago level. The October index […] [Read More]

Ford Motor Credit created a new division Monday to finance consumer purchases of Lincoln models. Officials described Lincoln Automotive Financial Services by stating “the premium customer experience is even more seamless with available financing and exceptional service” from this new company. All customer touch points — contracts, invoices and customer service support — now are […] [Read More]

NCM Associates launched a new, free information and training resource for dealers and their managers Monday. The NCM Institute Center for Automotive Retail Excellence rolled out a new blog and e-newsletter called Up To Speed. Director Garry House explained the online products will feature informational articles from the entire NCMi faculty on topics including merchandising […] [Read More]

Westlake Remarketing has named its top auctions for the third quarter, with the title of Top Overall Auction and Most Improved Auction going to Kansas City Independent. Bill Walters, vice president of remarketing for Westlake, commented on the honoree, noting, “We are pleased to name Kansas City Independent as our Top Overall Auction and Most […] [Read More]

If you have ever taken a ride in the backseat of a taxi cab – or a police car, for that matter – there’s a fairly good chance it was in a Ford Crown Victoria. But someday that won’t be the case. Yahoo Autos counts the Crown Vic among the 14 vehicles being retired at […] [Read More]

In an effort to better reach the growing Latino population, Yahoo and the Ram Truck brand have teamed up to launch "La Banda Ram," a dedicated Mexican regional music channel. The channel can be accessed through  Yahoo en Español’s omg site, and offers programming, music news and "lifestyle-relevant Ram Truck brand integration," officials explained. [Read More]

DEARBORN, Mich. — Ford Motor Credit created a new division Monday to finance consumer purchases of Lincoln models. Officials described Lincoln Automotive Financial Services by stating "the premium customer experience is even more seamless with available financing and exceptional service" from this new company. All customer touch points — contracts, invoices and customer service support […] [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership group America's Car-Mart recently announced the opening of its 111th dealership, located in Phenix City, Ala. This store marks the company’s 10th in Alabama, with more on the way, officials noted. Officials also shared the store will be run by James Ashley. William "Hank" Henderson, president and chief executive […] [Read More]

SOUTHFIELD, Mich. — Strong gains in both loan unit volume and the amount financed pushed Credit Acceptance Corp. to third-quarter jumps in both consolidated net income and adjusted net income. The company recently revealed its third-quarter consolidated net income came in at $50.0 million or $1.91 per diluted share for the three months that ended […] [Read More]

MINNEAPOLIS — In what could generate leads for participating dealers, U.S. Bank and TrueCar recently joined forces to create the U.S. Bank Auto Buying Service. Officials highlighted the U.S. Bank Auto Buying Service can help shoppers to find the vehicle of their choice with preferred upfront pricing and fast, easy access to financing information. With the […] [Read More]