Chrysler Group announced yesterday a new addition to its “Summer Clearance Event," highlighting a “No Payments for 90 Days” promotion on all 2011 and 2012 Chrysler, Jeep, Dodge and Ram Truck models financed through Ally Financial. The deferred retail payment program starts now and will continue through the company’s “Summer Clearance Event,” which ends Sept. […] [Read More]

Used-truck values were initially expected to climb 6 percent in the upcoming quarter, but that surge may end up being even higher, according to NADA Used Car Guide automotive analyst Jonathan Banks. How? The current gas-price dynamic, he indicated. “Looking ahead, we anticipate that light truck values will do well during the upcoming quarter primarily […] [Read More]

It was recently announced that the AuctionACCESS dealer registration system from AutoTec has now expanded its reach to five new locations, including businesses in Nevada, Texas and Tennessee. New participating members include Airport Auto Auction, in Alcoa, Tenn.; ADESA Las Vegas, in North Las Vegas, Nev.; Dealer’s Auto Auction of Huntsville, in Athens, Ala.; America’s […] [Read More]

The board of directors at Group 1 Automotive has given the green light for up to a $25 million repurchase of the retailer’s common stock. Group 1 plans to use cash from operations to pay for the repurchase. There were 23.6 million shares of outstanding common stock as of June 30. The company will hold […] [Read More]

The International Automotive Remarketers Alliance welcomed another member this week. Joining IARA is Central Auto Auction, located in Hamden, Conn. “I’m anticipating a strong synergy between Central Auto Auction and the IARA,” said Central AA president Peter Saldamarco. “Central will benefit substantially by participating in the outstanding training and certification programs offered by the IARA, […] [Read More]

IRVING, Texas — With growth coming especially in upper-credit brackets and even a minor increase in non-prime approvals, executives from myAutoloan.com revealed this week they have seen moderate strengthening during the first half of 2011. The site also is forecasting continued moderate growth through the remainder of the year. Although a strong increase in application […] [Read More]

BENTONVILLE, Ark. — Continuing its expansion, America's Car-Mart broadened its buy-here, pay-here dealership footprint in Alabama. The newest rooftop is located in Albertville, Ala., raising Car-Mart's total in the state to nine. Car-Mart now has 108 dealerships spread through Alabama, Arkansas, Indiana, Kentucky, Missouri, Oklahoma, Tennessee and Texas. "Car-Mart has tremendous growth opportunities especially in […] [Read More]

WOODCLIFF LAKE, N.J. — BMW Group Financial Services announced this week the launch of a  three-part series of viral videos to promote its extended vehicle protection program. Also this week, the company released a new mobile app for customers and gamers alike. Returning to its vehicle protection program, the new campaign is call "Natural." It incorporates both "humor […] [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute discovered that the total number of U.S. bankruptcies filed during the first half of this year fell 8 percent when compared to the same period in 2010. This was due largely in part to the deleveraging of household debt, as well as improving consumer credit conditions, officials noted. According to data […] [Read More]

In the last few years, Ron Bloom has been instrumental in shaping some of the federal government’s most influential policies regarding the U.S. auto industry, including the restructuring of General Motors and Chrysler and the recent agreement to bump up gas-mileage standards. And on Tuesday, it was revealed that President Obama’s top manufacturing policy chief […] [Read More]