SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced the completion of a $75 million revolving secured warehouse facility with an institutional investor. The company noted that under this facility it will contribute loans to a wholly-owned special purpose entity (SPE), and the SPE may borrow up to the lesser of 80 percent of the net […] [Read More]

The Chubb Group of Insurance Companies rolled out a free mobile app this year that serves as a collector-car valuation tool and late last week made it compatible on BlackBerry products. Initially launched for the iPad, iPhone and Android-based products, there has been more than 13,000 downloads of the Classic Car Guide app since its […] [Read More]

Though the 2012 Honda Civic LX was panned earlier this month by Consumer Reports, editors with Kelley Blue Book were singing a different tune when reviewing another trim line of the 2012 Civic. Kbb.com unveiled the winners of the 2011/2012 Compact Sedan Comparison Test this morning and tied atop the test group was the 2012 […] [Read More]

U.S News Best Cars revealed Tuesday what units have earned one or more of its Best Cars for Families Awards, which span 20 automotive categories.  Two Japanese automakers tied for the most awards, with Toyota and Honda taking home five each. Ford followed, winning three awards, the most of any domestic automaker. Jamie Deaton, managing […] [Read More]

Along with bringing aboard a leading franchised dealer of certified pre-owned vehicles, Payless Car Sales revealed this week it plans to roll out its own CPO program during the fourth quarter of this year. Recognizing the customer value of CPO program, Payless Car Sales stated it is introducing its own — Payless Assurance Certified Pre-Owned. […] [Read More]

As an advance of the annual Best Overall Value of the Year analysis and awards announced each January, IntelliChoice identified vehicles from the forthcoming model year believed to demonstrate the highest potential for achieving outstanding value over time. In what IntelliChoice dubbed as “Best Bets,” three models from Audi, Chevrolet and Volvo were among the […] [Read More]

In a special interview with Auto Remarketing Tuesday, TrueCar’s chief executive officer revealed that Raj Sundaram will continue on with Automotive Lease Guide for at least two years as an advisor to ensure a smooth ownership transition and help maintain the guidebook’s independence. Scott Painter explained that ALG will continue running as it has in […] [Read More]

After two consecutive weeks of wholesale value declines in all 24 segments it tracks, Black Book spotted the first segment increase since the week ending Aug. 5. The lone segment whose wholesale value went up last week was the full-size crossover category (up $21), according to the latest "Beggs on the Used Car Market" video […] [Read More]

Fiat’s first offering in the U.S. in almost 30 years has fetched some kudos from Consumer Reports, despite the fact that the publication said it could not bestow a “Recommended” tag on the Fiat 500 nor any of the other three fuel-efficient rides in the test group for its October issue. Consumer Reports called the […] [Read More]

J.D. Power and Associates and research and consulting organization SmartEnergy IP revealed today they will partner to present a forum to discuss the impact of electric vehicles on the Smart Grid — a term used to illustrate integrating new technologies into the electric grid in an effort to meet the 21st century’s demand for electricity. [Read More]