SOUTHFIELD, Mich. — A continued run of stable returns pushed Credit Acceptance Corp. to significant gains in both consolidated and adjusted net income during the fourth quarter and for all of 2010. First looking at just the fourth quarter, Credit Acceptance's consolidated net income came in at $47.0 million or $1.69 per diluted share. In […] [Read More]

DALLAS — Announcing that consumers submitted more than 1 million online applications to RoadLoans.com last year, Santander Consumer USA launched an updated version of the website this week. The company explained this next-generation version contains an abundance of online tools geared to help consumers who have less-than-perfect credit make an informed decision when they purchase or refinance […] [Read More]

LAKE SUCCESS, N.Y. — DealerTrack announced Thursday it completed the integration of its dealer management system with Porsche Cars North America operations and received the automaker's integrated partner certification. As a result of this integration, officials pointed out nearly 200 Porsche Cars North America dealers can electronically maintain their automatic stock replenishment (ASR) inventory and […] [Read More]

ALEXANDRIA, Va. — Along with sharing poll results that feature expectations for the current fiscal year, the American Bankruptcy Institute revealed January consumer bankruptcies decreased 22 percent nationwide from December. Based on data from the National Bankruptcy Research Center, ABI stated January's overall consumer filing total reached 92,669. This is down from the 118,146 consumer […] [Read More]

A trio of positive economic factors led to a more than a 15-percent year-over-year increase in new-vehicle sales for import automakers in January, according to the American International Automobile Dealers Association.  Helping to push January sales for imports to a 15.7-percent hike were new-model launches, greater credit availability and more robust consumer confidence, the association […] [Read More]

Automakers generally didn’t ramp up incentives to bolster January sales, according to Edmunds.com. Normal 0 false false false EN-US X-NONE X-NONE /* 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;} Site […] [Read More]

EasyCare — which administers CarMark, a certified program offered by the Pre-Owned Automobile Dealers Alliance — and Carfax created a partnership this week aimed at providing an automatic link to participating dealers’ Carfax Vehicle History Reports from their EasyCare CoVideo messages. Carfax is a POADA Partner company. [Read More]

vAuto announced a partnership with Manheim this morning that will allow dealer customers to more easily find inventory. Dealer clients can now tap into Manheim’s run lists from vAuto’s propriety stocking module.   “Partnering with Manheim is the first of many exciting integrations with our new AutoTrader.com relationship,” says Keith Jezek, vAuto’s president. [Read More]

Perhaps in response to some of the turmoil the automaker experienced over 2010, Toyota Motor Sales USA revealed Tuesday afternoon that it has given two groups of managers the opportunity to accept voluntary exit packages. The automaker said it doesn’t have an exact goal as far as the number of managers it wants to take the […] [Read More]

In the midst of Saab Automobile AB setting up shop in new markets throughout the world and beginning what it called “our biggest-ever product offensive,” the Swedish automaker unveiled a new global sales structure on Tuesday. Saab said this revamped sales organization is designed to allow for more streamlined communication and foster more efficient decision-making. [Read More]