As the Web becomes more and more integral in the used-car marketplace, one particular site is offering sellers a free method to put their rides up for sale. GetCarValues.com is designed to connect sellers with pre-screened buyers to facilitate a cash sale “within hours.” Here is how it works. A seller can go to the […] [Read More]

NADAguides.com picked its Car of the Month for August this week by going with a luxury model, the 2011 BMW 535i. Site analysts explained the BMW 535i was chosen as the NADAguides Car of the Month for August based on exceptional overall design inside and out, smooth power, controlled and comfortable drive, responsive handling and […] [Read More]

FORT WORTH, Texas — GM Financial watched both loan originations and net income rise and delinquent receivables fall during the second quarter. Officials revealed its second-quarter net income came in at $95.8 million, up from the year-ago figure of $85.5 million. Looking at net income over a six-month span, the company said it generated $173.0 […] [Read More]

KANSAS CITY, Mo.  — CarHop recently celebrated relocating its Kansas City, Mo., store to a newly renovated space. After moving into the fresh building on July 29, company officials note that the location at 1115 E. Bannister Road will expand CarHop's “reach further into the surrounding community.” “This new space is just a perfect fit for […] [Read More]

ALEXANDRIA, Va. — July saw consumer bankruptcies fall substantially, continuing a downward trend in filings for the seventh straight month, according to the American Bankruptcy Institute. The rate of consumer bankruptcies decreased 18 percent nationwide during this past month, noted the ABI, utilizing data from the National Bankruptcy Research Center. “The continued decline in consumer bankruptcies […] [Read More]

FORT LAUDERDALE, Fla. — After spending five years as senior vice president of loan originations at Prestige Financial in Salt Lake City, Scot Seagrave has a new position with a different company. Seagrave has been hired by AFS Acceptance, a full-service auto finance company serving the subprime financing needs of franchise and independent dealers, as […] [Read More]

In the results of a survey released Wednesday, AAA has discovered that the bulk of drivers are extending their vehicle ownership periods and not going out to buy a new car because they would like to avoid the financial burden of making such a purchase. [Read More]

It appears the supply dynamic will soon get back to normal for Japanese automakers, which have recovered on the production front quicker than expected. However, supply issues still plagued these automakers in July as their new-vehicle sales suffered, according to the American International Automobile Dealers Association. Overall, there were 555,383 import sales in the U.S. […] [Read More]

DealerRater recently launched an enhanced feature of its certified dealer program that’s intended to enable store managers to better integrate and leverage online reviews on Facebook. Supplementing an already existing program feature that enables a dealer’s reviews to automatically feed to a custom tab on its Facebook fan page, DealerRater explained this new update can […] [Read More]

On the same day the company unveiled a new Fiat dealership, AutoNation revealed its retail new-vehicle unit sales for July. AutoNation tabulated Wednesday that it moved 18,949 new units in July, a figure 4 percent lower than the same month last year. It appears that the production issues plaguing Japanese automakers played a role in […] [Read More]