After another firm recently gave dealers a glimpse of trends in the Hispanic market, on Wednesday Polk rolled out analysis showing new-vehicle registrations among Asian-Americans grew at a faster pace than the overall market last year. Polk discovered 2010 new-vehicle registrations among Asian-Americans grew 10.4 percent above 2009’s total and accounted for 438,430 vehicles, signaling a slight […] [Read More]

On Wednesday at the New York International Auto Show, Nissan Americas announced it plans to push its localized production mix in the Americas from 69 percent to more than 85 percent by 2015. In total, the changes will increase Nissan’s production in the Americas by more than 50 percent — from 1.1 million units in […] [Read More]

In an effort to better contend against competitors such as Zipcar that recently made an initial public offering, Hertz expanded its global vehicle sharing club Wednesday. Officials highlighted the expansion of Connect by Hertz, which includes a significantly increased number of locations where members can pick up or drop off their vehicle. The program can […] [Read More]

CHARLOTTE, N.C. — American Honda Finance Corp. celebrated the groundbreaking earlier this week for its new North Carolina regional office. The company indicated its new facility, consisting of 25,000 square feet, will support its growing family of customers in North Carolina, South Carolina, Maryland, Tennessee, Virginia and West Virginia. AHFC intends to lease the space […] [Read More]

PORTLAND, Ore. — In addition to moving its store in Arlington, Texas, CarHop announced the grand opening of a new store in Portland, Ore.  This is CarHop's 46th store to open nationwide in its 15-year history. CarHop has now opened stores in 12 states across the U.S. The Portland location will allow CarHop to further pursue its mission […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express recently entered into a pair of contracts with dealer solution providers to activate more than 11,000 additional dealers on its lender portal. The two companies now associated with Finance Express are Wayne Reaves Software and Frazer Computing. David Huber, president of Finance Express, highlighted, "With these two new […] [Read More]

LAKE FOREST, Calif. — Despite production delays for some automakers, new-car sales are rising. And along with it, the number of auto loans originated is growing as more financing becomes available, according to National Creditors Connection. At the same time, credit underwriting guidelines for many lenders have become less restrictive, as competition grows fiercer to increase market […] [Read More]

Polk recently announced that it is now supplying Federal-Mogul Corp. with vehicle ownership and operation information in support of its product and inventory management efforts throughout the world. As the Federal-Mogul brands continue to expand globally, it is imperative to understand the product requirements, vehicle populations and developing trends in local markets, officials highlighted. It is […] [Read More]

A positive indicator for the auto market is not just that sales have increased, but it’s the manner in which the industry is improving, said IHS senior principal automotive economist George Magliano on Tuesday. He pointed out the positive trends of decreased incentives, more robust leasing and looser credit. That being said, the industry is dealing […] [Read More]

Fiat announced it expects to hit its last performance event, or build a vehicle based on a Fiat platform with an EPA label of 40 miles per U.S. gallon, before the end of the year. This means the company expects to increase its Chrysler stake yet again by year-end. In announcing first-quarter results, Fiat Group […] [Read More]