The American International Automobile Dealers Association shared in the revelry of February surging to the strongest new-vehicle sales level since the Cash for Clunkers program was in full swing. According to AutoData figures, February’s overall new-vehicle sales (imports and domestics included)  total shot up 27.3 percent versus the previous year. That rise pushed the seasonally […] [Read More]

BSCAmerica revealed a new member of the management staff at its Bel Air Auto Auction on Tuesday. Joining the auction’s leadership is Chuck Comfort, who will be in charge of the salvage, specialty and powersports division at Bel Air AA. Comfort comes back to the auction where he was the operations manager from 2003 to […] [Read More]

Daimler AG’s supervisory board on Wednesday nominated current chairman Manfred Bischoff for re-election for another five years. If re-elected, the automaker indicated Bischoff will once again be proposed as candidate for the chair of the supervisory board. Officials mentioned Bischoff has been a member Daimler’s supervisory board since 2006. He stepped down from the board […] [Read More]

Automotive Resources International recently wrapped up its first-ever Utility Fleet Forum, which brought together utility fleet managers and decision-makers throughout the country. It was held at ARI’s headquarters in Mount Laurel, N.J. from Feb. 22 through Feb. 24. Discussion leaders included ARI technical experts in the following fields: utility fleet management, strategic consulting, supply chain […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} DETROIT and WASHINGTON, D.C. — The U.S. Department of the Treasury is projected […] [Read More]

CHICAGO — Along with sharing its analysis of 60-day delinquency rates and regional trends that unfolded as 2010 closed, TransUnion also discussed what it believes could happen this year. TransUnion determined the national 60-day auto delinquency rate — the ratio of loan borrowers 60 or more days past due — remained relatively flat as last […] [Read More]

ALEXANDRIA, Va. — Consumer bankruptcy filings have started on an upward trend this year, climbing by double digits month-over-month. The American Bankruptcy Institute revealed that February's total reached 102,686 filings, up from the 92,669 consumer filings recorded in January. The exact figures came from data compiled by the National Bankruptcy Research Center. The climb from […] [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services said Wednesday that its relationship with RouteOne has been broadened, meaning that Wolters Kluwer's AppOne platform can now help independent dealers access a broader spectrum of lenders. As most likely know, AppOne is designed to provide automated processes with regards to indirect lending, credit approval, documentation compliance and risk […] [Read More]

The agenda for the NADA/IHS Automotive Forum 2011 was recently released, and included in the one-day event are seminars and panel discussions featuring several top-level executives in the auto industry. Automaker executives, leaders at auto-related companies and dealer associations, economists and journalists will be among the many presenters and panelists slated to participate in the […] [Read More]

AutoNation said Wednesday that its retail new-vehicle unit sales during February marked a substantial increase from the year-ago period, as two of its three operating segments posted double-digit gains. Specifically, AutoNation dealers moved 17,041 retail new vehicles in February, a 29-percent hike. The company’s domestic operating segment showed a 40-percent year-over-year improvement, as there were […] [Read More]