A new third-party certified pre-owned program has hit the market and organizers say it can give dealers a shot in the arm amid today’s supply-restricted environment, thanks to eligibility limits that go up to 15 years and 150,000 miles. The president and chief executive officer of the company behind SureSale Certified spoke with Auto Remarketing […] [Read More]

With Spyker’s administrator looking to call an end to Saab’s reorganization, the pressure is on for the Swedish automaker yet again. A big obstacle to securing funds appears to be General Motors. Saab’s former parent has balked at the possibility of Chinese investors taking majority stake, and since GM has a deal to continue supplying […] [Read More]

In giving another production update Wednesday, Toyota declared that its U.S. inventories continue to improve with dealer stock increasing by 30,000 units last month. OEM officials also believe there is “a good supply of vehicles available. “Toyota thanks its customers, dealers and suppliers for their patience and cooperation throughout the recovery process,” they added. Toyota […] [Read More]

Ford Direct revealed Wednesday it has named a new general counsel and chief compliance officer of the company. Chosen for both positions, Meri Glade joins the company to oversee all legal affairs of the organization and provide counsel to the executive management team and the board of directors.  "Meri Glade brings considerable legal experience and […] [Read More]

With the expectation of more than 250,000 attendees, Barrett-Jackson is planning more than 13 events associated with its 41st annual Scottsdale auction of high-end collectible cars and more. Most of the events are set to take place at the Lifestyle Pavilion beginning on Jan. 15. “This year’s event will offer an experience for the entire […] [Read More]

Earlier this week, Dealer Synergy — an automotive online sales training and consulting company — revealed its new president, appointing Karen Bradley to the role. Bradley has been with the company for five years, and her experience includes being a 20 Group speaker and moderator and membership in the Women’s Automotive Association International. Her background […] [Read More]

MOUNTAIN VIEW, Calif. — In an effort to make the customer payment process easier and more convenient for buy-here, pay-here dealers, as well as their clients, cash transaction network PayNearMe recently revealed its new product called PayNearMe Auto. This offering allows dealers to accept cash payments from customers at any one of the 6,400 participating […] [Read More]

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]