ENGLEWOOD, Colo. — CRIF Lending Solutions-Aimbridge recently rolled out automatic accessibility to pre-approval loan notifications for credit unions, dealers and other clients through several widely adopted applications. Aimbridge customers now have accessibility through DealerTrack, RouteOne and AppLine dealer application portals as well as online through WhereMembersBuy.com. Company officials believe the service can make it faster for […] [Read More]

PHOENIX — While NowAuto Group still sustained a net loss during the first quarter of its 2011 fiscal year, the company recently reported double-digit improvements in gross margin as well as the cost of charge-offs and defaults. The company indicated first-quarter revenue came in at $1.1 million, resulting in a net loss of 5 cents per […] [Read More]

WASHINGTON, D.C. — SubPrime Auto Finance News learned this week that buy-here, pay-here dealers throughout the nation are randomly being tapped by the Federal Trade Commission to provide copies of their contracts for the last year. This move is a part of the FTC's effort to educate itself on how BHPH dealers are conducting business as […] [Read More]

To help spread the word about some of the deals it is offering, Hyundai has turned to YouTube musical duo Pomplamoose for a few holiday songs in its winter marketing campaign. The duo, which features Jack Conte and Nataly Dawn, covered three traditional holiday songs that are featured in the Hyundai commercials. [Read More]

New-vehicle transaction prices during November dipped thanks in part to a “more balanced” market, as opposed to November 2009, when the aftermath of CARS had resulted in purchases within some of the more expensive segments being delayed until the fourth quarter, according to TrueCar.com. Specifically, the estimated transaction price in the U.S. for light vehicles […] [Read More]

J.D. Power and Associates made its final projection of November new-vehicle retail sales based on trends found earlier — that a strong selling pace would continue as the month closed. As a result, the firm’s analysts think November’s retail sales figure will come in at 10 million units For total sales, J.D. Power forecasted the seasonally adjusted annualized […] [Read More]

More positive news following General Motors’ highly successful initial public offering came out this week as the company announced a plan for full debt repayment by one of its subsidiaries. Officials revealed that GM Daewoo Auto & Technology will fully repay its Korean revolving credit facility this month. They indicated the facility had a drawn […] [Read More]

In the latest move in a whirlwind of purchases during the last few months, AutoTrader.com revealed Wednesday morning that it is buying HomeNet Automotive, a provider of online inventory management and merchandising solutions. The transaction is likely to close by year’s end, according to officials. AutoTrader.com plans to run HomeNet as an independent subsidiary. It will be headed up by […] [Read More]

Dollar Thrifty Automotive Group revealed this week that it has a new chairman. Replacing Thomas Capo in the position is Richard Neu. The change took effect immediately. In addition to stepping down from the chairman post, Capo also told the company he plans to retire from the board of directors. Capo — who has been a director […] [Read More]

The impending delivery of Chevrolet Volts to customers in key states prompted a pair of announcements by General Motors Tuesday. The automaker rolled out an auction promotion centered on the electric vehicle as well as the plan to hire more engineers and researchers to work on broadening technology associated with these units. The company explained […] [Read More]