In light of how gas prices climbed during the first half of the year, pushing up demand for compact cars, Edmunds.com calculated how much more dealers had to charge for these units in July versus January. The site’s data revealed buyers paid about 10 percent more for three-year-old  used compact cars in July than in […] [Read More]

Online automotive shopping service and research portal CarsDirect announced Wednesday the launch of a new tool — Expert Buying Outlooks, which aims to give consumers a better idea of what is on a dealer’s lots today. This provides buying overviews and pricing information for individual vehicle models, as well as guidance from pricing experts that […] [Read More]

On the heels of opening a new Fiat store in South Miami as well as Houston, Chrysler Group today revealed yet another dealership in the Sunshine State — one of 12 stores to open in Florida this year. Planet Fiat, located at 9975 NW 12th Street in Miami, will be run by the father and […] [Read More]

In the wake of Hurricane Irene wrecking havoc along the East Coast last weekend, Automotive Resources International — whose home state of New Jersey was one of the affected areas — is lending a hand to its clients with fleet vehicles impacted in the destruction. ARI has re-opened its toll-free “Hurricane Hotline,” which offers support […] [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services recently revealed that Medallion Bank has joined its AppOne lending platform. Medallion Bank — which specializes in financing customers with past-credit problems and provides financing to bank-approved marine and RV dealers across the U.S. — will now use Wolters Kluwer’s lending platform to automate the indirect lending, credit approval […] [Read More]

PITTSFIELD, Mass. — Haddad Auto's subprime finance department — Captain Credit — is growing so quickly that store management is shifting its location. Originally based within Haddad Toyota, officials indicated that as of the end of this month, Captain Credit will be moving into the former Southgate Motors building at 25 W. Housatonic St.  Haddad […] [Read More]

SCHAUMBURG, Ill. — With used-vehicle prices continually pushing toward the amount buyers could pay for a new model, Experian Automotive discovered the amount financed is reflecting this trend. When discussing second-quarter data, Experian pinpointed how much this gap has closed during the past two years. Melinda Zabritski, Experian's director of automotive credit, showed during a […] [Read More]

CLEARWATER, Fla. — Nicholas Financial recently announced that its board of directors has declared a cash dividend of $0.10 per share on its common stock. The dividend is to be paid on Sept. 20 to shareholders of record as of Sept. 13, management noted. Peter Vosotas, chairman and chief executive officer at Nicholas Financial, remarked […] [Read More]

Although the overall used market is challenged right now by hefty prices and low supply, a recently launched used-car store in Southern California says its inventory is diverse and 150 units strong as it approaches its grand opening this weekend. Pasadena Auto Outlet opened up shop last month and will officially kick things off Saturday […] [Read More]

For Chevrolet dealers in the Pacific Northwest and Mid-Atlantic states, General Motors officials believe the arrival of the Volt electric vehicle with extended range means new faces coming through the doors of their stores. “We’ve been here a long time, and the Volt is bringing in people we have never seen before,” said Alan Starling, […] [Read More]