Chevrolet is ringing in its centennial year during this week’s North American International Auto Show and is commemorating its 100th anniversary throughout the year with various activities. The brand shared some of the progress Chevrolet has made since racer Louis Chevrolet and General Motors founder William Durant started the brand in November 1911. [Read More]

WASHINGTON, D.C. — Stalled job growth during the third quarter of last year stifled consumer credit delinquency rate improvement that came in previous quarters, progress that included auto loans. According to American Bankers Association's Consumer Credit Delinquency Bulletin, direct auto loan delinquencies rose from 1.67 percent to 1.74 percent in the third quarter. The ABA classifies […] [Read More]

ATLANTA — CAR Financial Services, a provider of capital and cash-flow solutions to buy-here, pay-here dealers, is broadening its Midwest presence. With plans to open an office in Kansas City, Mo., the company already has added Bob Coon as a territory manager. CAR Financial Services is looking to Coon to maintain existing dealer relationships as well […] [Read More]

CLEARWATER, Fla. — After receiving interest from a third party about potentially acquiring the company, Nicholas Financial announced this week that its board of directors has retained advisors to help evaluate potential strategic alternatives. These alternatives include the possible sale of the company or certain assets, potential acquisition and expansion opportunities, in addition to possible debt or […] [Read More]

DALLAS — Santander Consumer USA, owner of the RoadLoans.com brand, announced this week it has released an iPhone application for consumers shopping for vehicles. The new app is available for free for download from iTunes or RoadLoans.com. The iPhone Car Loan Calculator combines a monthly car payment estimate with an online auto loan application. Basically, consumers […] [Read More]

Volkswagen of American went the comedic route by recently launching a series of online videos spotlighting a Saturday Night Live star to promote its models. VW teamed up with SNL funnyman Bill Hader and SNL writer John Mulaney for the "Inside the VW Academy" series, which is composed of 18 videos designed to not only get a chuckle, […] [Read More]

As its dealer body strives to kick 2011 off on a strong note, Chrysler unveiled a few new incentives for January that may help its stores drive more sales. The automaker said recently that it is offering $750 Owner Bonus Cash on the 2011 Chrysler Town & Country minivan, for instance. [Read More]

Which automaker was a big winner at Tuesday night’s Polk Automotive Loyalty Awards? The answer is Ford. The automaker was recognized in several categories. Specifically, the automaker was honored with the Overall Loyalty to Manufacturer award and received recognition in the Overall Loyalty to Make and Ethnic Market Make — African-American categories. The Ford F-Series was a repeat winner in […] [Read More]

General Motors chairman and chief executive officer Dan Akerson reached out to franchise dealers this week in an attempt to heal the wounds caused by the company bankruptcy, store reductions and other problems. Akerson began a recent speech by being blunt, stressing, “The hard truth is that GM didn’t always do a great job listening […] [Read More]

Cars.com editors decided this week that their selection among six nominations for the Best of 2011 Award is the 2011 Kia Optima. The site tapped the Kia model over the 2011 BMW 5 Series, the 2011 Chevrolet Cruze, the 2011 Chevrolet Volt, the 2011 Honda Odyssey and the 2011 Nissan LEAF. However, two of those units still […] [Read More]