On the heels of last month’s deadly tornadoes that struck the Southeast and the more recent storm in Joplin, Mo., Chrysler did its part to help by teaming up with the Rock Quarry Elementary School in Tuscaloosa, Ala., to aid in area schools’ recoveries. In an effort to raise money to replenish tools and school supplies […] [Read More]

OVERLAND PARK, Kan. — NCM Associates is building up its services for buy-here, pay-here dealers to support its existing clients' needs and to address the growing interest from the franchise community on the opportunities in this marketplace. The company launched four new education programs and new Twenty Groups to accommodate BHPH demand. NCM's BHPH industry […] [Read More]

SCHAUMBURG, Ill. — Stringent credit availability continues to thaw as Experian Automotive found the penetration of loans to subprime and deep subprime buyers rose during the first quarter. According to data released Thursday, Experian discovered the share of loans to credit-challenged new-vehicle shoppers grew by 11.1 percent in the first quarter compared to the same quarter […] [Read More]

DALLAS — Santander Consumer USA this week announced the expansion of its RoadLoans dealer base and media presence throughout the U.S. Through the RoadLoans network, consumers can apply for auto financing online; and after approval, they are sent with a loan package and guaranteed financing to subscribing dealers who have exclusive rights to the leads, officials […] [Read More]

CARY, N.C. — SubPrime Auto Finance News is now ramping up for its July/August edition, which will honor several of the top executives and dealers in the industry. The publication is looking to recognize top executives whether they are Buy-Here, Pay-Here dealers or work in special finance for an auto lender, a service provider or a […] [Read More]

GM announced today that it is adding two shifts and about 2,500 jobs at the Detroit-Hamtramck assembly plant as part of the company’s plan to create or retain about 4,000 jobs and invest $2 billion in 17 manufacturing facilities in eight states. The new jobs will be focused around building the new Chevrolet Malibu midsize […] [Read More]

Hyundai dealers in the U.S. now have another benefit to offer in certified pre-owned vehicles. Buyers of Sirius XM Radio factory-equipped CPO rides from Hyundai will be given a three-month introductory subscription to XM, the companies revealed Tuesday. Hyundai provides the same deal for XM factory-equipped new vehicles. Per the deal, the CPO rides will […] [Read More]

In another development to this ongoing saga of two rental giants pursuing Dollar Thrifty Automotive Group, Hertz Global Holdings said late Tuesday afternoon that its exchange offer for the Tulsa, Okla.-based rental company’s outstanding shares has officially begun. In the proposed deal, Hertz is offering $57.60 cash, along with 0.8546 Hertz shares, for each DTAG […] [Read More]

DealerTrack AAX announced today that it has signed an agreement to acquire eCarList, a provider of inventory management and merchandising solutions for dealerships. The acquisition is expected to close in July and the combination of DealerTrack’s AAX inventory management solution and eCarList’s product suite is designed to help dealers generate additional vehicle interest and higher quality Internet […] [Read More]

Porsche Cars North America has enlisted the services of NCM Associates for a two-year dealer support program, which will consist of a myriad of peer-collaboration, operations, benchmarking and in-dealership retail coaching solutions to help selected dealers boost their profits and performances. Specifically, NCM said it will offer: —Specialized Pinnacle Performance Groups. These will take the […] [Read More]