Fiat now owns a quarter of Chrysler Group’s shares thanks to the automaker reaching the first performance-related metric in a series of three milestones detailed in Chrysler’s Operating Agreement, each of which automatically adds 5 percentage points to the stake owned by Fiat. [Read More]

Ford swept these honors last year, but Chevrolet muscled in and took one of the accolades Monday from the North American Car of the Year Organizing Committee. Continuing the positive momentum for these domestic automakers, the committee tapped the Chevrolet Volt as the 2011 North American Car of the Year and then went with the […] [Read More]

An industry veteran who founded technology companies later acquired by ADP and DealerTrack has been tapped as vAuto’s new vice president of marketing. Accepting this role is Dinos Constantine, who is coming on board after most recently working as chief information officer at Holler Classic Automotive Group, one of vAuto’s customers in Orlando, Fla. Executives indicated Constantine […] [Read More]

LOS ANGELES — Bill Walters, vice president of remarketing at Westlake Financial Services, recently summed up some of the trends his company has been witnessing in the market. While the industry as a whole has been seeing higher prices in the auction lanes, so too has Westlake. "Like many sellers of older-model used vehicles, Westlake Financial […] [Read More]

IRVING, Texas — Exeter Finance Corp. announced this week that it has appointed an industry veteran to serve as its executive vice president and chief marketing officer. Taking on this position is Elizabeth Webb. She will oversee new business development, brand management, product development, and sales and marketing strategies. "Exeter is focused on growth as today's marketplace […] [Read More]

WASHINGTON, D.C. — The upward march by the average interest rate on new-car loans at auto finance companies reached five months in a row in November, according to the Federal Reserve. Officials indicated the November average crept up to 4.63 percent from the October reading of 4.52 percent. The ascension began back in July when the […] [Read More]

LAKE SUCCESS, N.Y. — DealerTrack Holdings revealed Monday it has signed an agreement to acquire triVIN Holdings, a provider of title management services to lenders and vehicle registration services to dealers.  DealerTrack executives said they will pay approximately $131 million, net of any cash acquired. They indicated the transaction will be financed with existing cash. Management […] [Read More]

A Pennsylvania woman and her brother apparently had a very un-merry Christmas Eve. State police in Indiana County are investigating the incident that took place on Christmas Eve. According a story published by the Pittsburgh Post-Gazette, law enforcement indicated two men came to Diane Howard’s White Township home and told her brother they were sent by […] [Read More]

Later this month, a new member of the ServNet Auction Group will host its debut sale. El Paso Independent Auto Auction is a sister of DAA Northwest Kansas City Independent Auto Auction and will regularly hold weekly sales at 9 a.m. (MST) on Tuesdays. EPI, a four-lane facility, will have its first sale on Jan. 25. […] [Read More]

A Pennsylvania woman and her brother apparently had a very un-merry Christmas Eve. State police in Indiana County are investigating the incident that took place on Christmas Eve. According a story published by the Pittsburgh Post-Gazette, law enforcement indicated two men came to Diane Howard’s White Township home and told her brother they were sent by […] [Read More]