In response to tremendous area need, AutoTrader.com is teaming up with Georgia Best Chevy dealerships, the Atlanta Braves and pitching legend John Smoltz to orchestrate “Drive Away Hunger.” The four-week campaign that began Wednesday is aimed to assist the Atlanta Community Food Bank, which provides nearly 60,000 people with emergency food each week through a […] [Read More]

NEW YORK — July auto loan defaults followed the same pattern established by other categories of consumer credit, pushing downward on both a month-over-month and year-over year basis. The S&P/Experian Consumer Credit Default Indices based on July data showed the auto loan reading ticked down to 1.27 percent. In June, it was 1.29 percent, and a year […] [Read More]

MASON, Ohio — Finance company Security National Automotive Acceptance Corp. recently revealed its new E-Signature product that aims to simplify the buying process for dealers and customers. The product offered through the company’s SNAAC Now proprietary system can be utilized simply by visiting snaacnow.com. According to company officials, dealers need only visit the site, “select […] [Read More]

MINNEAPOLIS —  VW Credit, the financial services arm of Volkswagen Group of America, recently chose Wolters Kluwer Financial Services as a preferred provider of vehicle lease contracts. Through this new relationship, officials explained VW Credit will provide Wolters Kluwer Financial Services' lease contracts at all Volkswagen, Audi and Bentley dealerships throughout the U.S. The contracts […] [Read More]

COLUMBUS, Ohio — Huntington Bancshares' auto finance business revealed this week it has donated $100,000 to the Japanese Red Cross Society in an effort to aid those affected by this past spring’s earthquake and tsunami that devastated the island country. This donation was a result of a declaration made by Huntington this past May that […] [Read More]

In what likely comes as welcome news to an automaker battling numerous challenges as of late, CarWoo revealed recently that the brand generating the most interest from consumers on the site in July was Toyota. The second most-popular brand was Honda, followed by Ford in third and Audi in fourth. Ford improved from its fifth-place […] [Read More]

Although sales for most domestic brands are up, and their Japanese rivals’ recent supply and quality issues have offered the Big 3 “respite in competition” as of late, these domestics could be faced with a double-whammy of hurdles slowing down their recovery, according to the American Customer Satisfaction Index. [Read More]

Internet marketing solutions company Dealer.com announced Tuesday it has added two new members to the company’s board of directors, both of which come from Apax Partners, an investment company that recently acquired an approximately 30 percent stake in Dealer.com from Yellow Media Inc. As Yellow Media’s Marc Tellier, Doug Clarke and Normand Theberge leave the […] [Read More]

Since launching its mobile platform last February, Manheim has enjoyed more than 2 million customer visits to its mobile site. In the first six months of this year, Manheim calculated that it reached 1 million mobile visits — a feat that company officials say took nearly all of 2010 to accomplish. In fact, Manheim highlighted […] [Read More]

ADESA Analytical Services discovered July’s average wholesale vehicle prices slipped below a significant threshold — $10,000. In fact, ADESA found July’s average wholesale price dropped 3 percent from June to $9,956. Analysts also pointed out that figure is 1.1 percent lower than the same month a year ago. Other than full-size cars, which ADESA believes […] [Read More]