Mid-South Auto Auction’s location provided the ideal spot to help emergency responders assist flood victims of the swollen Mississippi River. The auction’s general manager Bob Sullivan said, “When we learned that Mississippi Emergency Management Agency (MEMA) needed a large lot from which to deploy responders, we knew we were a perfect fit.” Normally, Sullivan indicated […] [Read More]

Coming within days of Chrysler announcing it would completely pay off its U.S. and Canadian government loans, Fiat notified the U.S. Department of Treasury of its intent to secure a larger stake in the Big 3 OEM. The Italian automaker said late last week it plans to exercise its option to purchase the Treasury’s interest […] [Read More]

IronPlanet Motors highlighted that it will be offering free inspection reports at Wednesday’s online auction that will feature more than 100 units including cars, trucks, SUV’s and motorcycles, to name a few. Auction customers can expect to see models such as the Audi A4, Chrysler Crossfire, Hummer H3T, Toyota Prius and Volvo XC70, among many […] [Read More]

OPENLANE announced subsidiary Recovery Database Network is nearing a partnership with KeyCode Pro to ease the repossession process. Officials said the partnership is designed to provide a customized user interface that can allow RDN subscribers to order a key code from KeyCode Pro within the RDN software environment. Through the RDN portal, KeyCode Pro is […] [Read More]

Saab Automobile had reason to celebrate just before the weekend as the automaker rolled out a batch of about 100 units on the first day of production since April 6. The company plans to increase the daily production rate in the coming weeks in parallel with the full re-establishment of the supply chain. The first […] [Read More]

Nissan North America recently announced that it will begin sharing Nissan and Infiniti vehicles’ open safety and emissions recalls with Carfax, vehicle history information company, in an effort to improve transparency for used-car shoppers. The automaker will provide updated vehicle identification numbers with open recalls to Carfax on a weekly basis in hopes that the […] [Read More]

FORT WORTH, Texas — General Motors Financial Co. announced late last week that it has priced a private offering of $500 million worth of 6.75 percent senior notes due in 2018. The notes will be offered only to qualified institutional buyers in accordance with Rule 144A and to non-U.S. persons under Regulation S under the Securities Act of 1933, […] [Read More]

TUSCALOOSA, Ala. — J.D Byrider announced it is partnering with a Tuscaloosa, Ala., franchisee to support tornado victims and the community. Steve and Jeanne Locklear, who own a Tuscaloosa J.D Byrider location, as well as the Locklear Chysler Jeep Dodge dealership, donated $1,500 to Holy Spirit Catholic Church and $1,000 to the Salvation Army of Tuscaloosa to support […] [Read More]

SCHAUMBURG, Ill. — Along with determining the top 20 lenders by market share, Experian Automotive revealed it has started to track a new piece of data for its quarterly analysis of vehicle financing. It is now taking a deeper look into used financing by model year. Experian discovered that franchise dealer financing activity for used units from […] [Read More]

BENTONVILLE, Ark. — Propelled by a 16.4-percent revenue jump during the fourth quarter, America's Car-Mart showed that it finished its 2011 fiscal year with gains in net income, its customer base and more. Car-Mart's fiscal year wrapped up on April 30 with net income rising to $2.54 per diluted share, including a 3 cent per […] [Read More]