Ally Financial announced the launch of a new financing product this morning on new 2011 and 2012 General Motors and Chrysler vehicles that gives customers the option of treating their vehicle purchase like a lease and selling it back to the lender at the 48th month at a fixed price. However, if the customer decides […] [Read More]

Toyota revealed Friday that Scott Heyer, a long-time corporate manager of fleet/TRAC/TCUV for Toyota, has moved on to a new position. Taking on Heyer’s former role will be Dave Depew, former corporate manager — distribution. Heyer is moving into the role of corporate manager — sales administration/Toyota division, where he will focus on retail sales. […] [Read More]

 As final preparations are made for the Used Car Week Conferences, which will be held Nov. 14–18 in Las Vegas, conference organizers have announced that the attendee lists continue to grow, surpassing any prior year’s attendance. [Read More]

Seen as the best time to test new business procedures with wholesale market conditions being what they are nowadays, Mercedes-Benz Financial Services is converting two of its live auction sites to exclusively online auctions. While explaining the decision to Auto Remarketing, MBFS indicated it will start with exclusive online High Line auctions in Milwaukee at […] [Read More]

Eric Lyman, director of residual value solutions for ALG, emphasized that the perceived quality of the alternative-fuel vehicles in an automaker’s lineup is strongly tied to how consumers view that brand overall. As such, he said, perhaps it’s not a shock that the top Perceived Quality Study score among alternative-fuel brands went to Lexus, which […] [Read More]

After ADESA Los Angeles recently held a three day opening-sale, as well as a ribbon-cutting ceremony, the auction hosted a grand-opening ceremony for the dedication of a new building for General Motors, just last week. The event — held Oct. 26 and 27  — included a closed-sale preview, open house and a V.I.P. welcome dinner, […] [Read More]

Late last week, Edmunds.com came to the rescue of consumers worried about being “haunted” by the fear of paying too high a price on their next vehicle. Putting a timely spin on its True Market Value Predicted Price Trends this Halloween, the company identified which vehicles on the market qualify as “tricks” or “treats” — […] [Read More]

In light of its significant growth, CarProof recently earned recognition on Deloitte’s 2011 Technology Fast 500 list, honoring the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. The company also grabbed a spot on Deloitte’s Technology Fast 50 list, a distinction given to the fastest technology firms in Canada. […] [Read More]

Third-quarter results are showing the alliance between Chrysler and Fiat is not only working — it’s thriving because the relationship is producing vehicles analysts believe consumers want. On Thursday, Chrysler Group reported preliminary net income of $212 million for the third quarter, compared with a net loss of $84 million a year ago as the […] [Read More]

Though the SAAR is expected to reach 13.4 million units this month — the highest it has been since Aug. 2009, when the Cash for Clunkers program inflated new-car sales — Edmunds.com worries the industry may be in the midst of a “small sales bubble.” [Read More]