FORT WORTH, Texas — General Motors Financial, formerly AmeriCredit, announced last week it created a fundamental change company notice and a notice of conversion procedure. Management said these documents were mailed to the holders of notes issued pursuant to the indenture relating to its 0.75-percent convertible senior notes due 2011 and the indenture relating to its […] [Read More]

COLUMBUS, Ohio — In what the top executive called a "bright spot," Huntington Bancshares enjoyed healthy, double-digit gains in average automobile loans and leases when looking at both quarter-over-quarter and year-over-year comparisons. When first comparing the third quarter with the second quarter of this year, company executives said vehicle contracts constituted a gain of $500 million, […] [Read More]

SAN ANTONIO — To let current and former military members and their families know about the various services it offers — which includes auto loans and car-buying services, just to name a few — USAA said Wednesday that it is rolling out a new multi-channel ad campaign this week. Explaining the focus on the campaign, officials said it […] [Read More]

WASHINGTON, D.C. — The American Financial Services Association has officially brought in its new chair for the 2010-2011 term. Inaugurated into the position was Mary McDowell, who is president the chief executive officer of CitiFinancial North America. McDowell's installation was done earlier this month at AFSA's 94th Annual Meeting in Dallas. In this post, she […] [Read More]

Group 1 Automotive’s double-digit revenue lift during the third quarter — including substantial gains on the used-vehicle side — helped push the auto retailer’s quarterly earnings to a considerable increase. Specifically, Group 1 had adjusted net income of $19.3 million, up 14.6 percent from $16.8 million in the year-ago period. Net income for the recent […] [Read More]

While also sharing a brief look at its financial standing, Reynolds and Reynolds altered its top-level executive team on Wednesday. Succeeding president Rob Nalley, who was named vice chairman of Reynolds, is Ron Lamb. The company indicated both executives will report directly to Reynolds chairman and chief executive officer Bob Brockman. The new roles are […] [Read More]

More than 1,100 dealership managers, inventory personnel and salespeople registered to hear from four of the top industry trainers during the most recent Webinar of the Auto Remarketing Training Series. Dealers who might have missed the valuable recommendations can find a recording of entire session already online. The last quarterly training event took place Tuesday […] [Read More]

ResponseLogix, whose digital response management software is designed to help dealers respond to online leads quicker and more effectively, announced for the second time this month another brand of franchise dealerships now has access to its services. After revealing earlier in October that General Motors stores now are included, ResponseLogix indicated earlier this week that BMW franchises […] [Read More]

CarGurus revealed Wednesday that it has enhanced its DealFinder online auto shopping tool to include regional pricing data. Basically, DealFinder analyzes more than 2 million vehicle listings each day and utilizes historic pricing models to determine the “live market value" of specific vehicles. Taken into consideration are the individual’s vehicle’s mileage, model, trim and options. [Read More]

AutoTrader.com chief executive officer Chip Perry believes the acquisition of Kelley Blue Book means a significant upgrade in how dealers can harness the Internet to sell vehicles. Soon after Tuesday’s acquisition announcement, Perry shared in an exclusive interview with Auto Remarketing how the online resources of AutoTrader and KBB can thrive. “Our strength is classified […] [Read More]