BANDON, Ore. — As time passes, more and more consumers with lower credit ratings are finding they can get approval to purchase vehicles, which is helping to bolster the overall sales totals, CNW Research recently revealed. In fact, Art Spinella, president of CNW Research, pointed out, "December's early returns show a continuation of the decline in […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne recently announced that it is now offering dealers a complimentary Risk-Based Pricing Notice tool to assist in compliance with the Risk-Based Pricing Rule issued jointly by the Board of Governors of the Federal Reserve System and the Federal Trade Commission. The Risk-Based Pricing Rules generally require a creditor (in most cases […] [Read More]

The American Recovery Association revealed the first nine dates and locations for its daylong training session on wide array of industry subjects. The Collateral Recovery and Remarketing Accreditation Program is aimed at lenders, ARA members and their employees. Focused on innovation and education, ARA explained it developed the accreditation program to provide its members with […] [Read More]

Repo Remarketing recently finalized an agreement with Credit Union Resources, an affiliated company of the Texas Credit Union League, to be its preferred provider of repossession and remarketing needs for Texas credit unions. Linda Winkfein, vice president of lending resources and business development for Credit Union Resources, elaborated about why the company went with Repo […] [Read More]

In an effort to generate more traffic to numerous dealership departments, Sonic Automotive rolled out a revamped version of its website last week. A total of 10 new features are aimed at helping all of Sonic’s dealerships as well as highlight the company’s culture, values and career opportunities.  According to the company, Sonic’s new website now includes: […] [Read More]

In a widespread decline that impacted three out of four major vehicle segments, November’s wholesale pricing saw a 3-percentage-point decline on both a year-over-year and month-over-month level, according to the latest OPENLANE Market Index report. Specifically, OPENLANE’s U.S. Market Index was 125 for the month, down from 128 in October. Breaking it down by segment, […] [Read More]

An upcoming trip to the theater might include a pitch for the 2011 Kia Optima thanks to a new campaign the automaker launched late last week. Kia Motors America announced that as step one of its "largest vehicle launch effort in company history," it is rolling out a made-for-cinema 60-second spot that began running at movie theaters […] [Read More]

The Chevrolet Aveo will soon have a new name in North America. Throughout the U.S., Canada and Mexico, the small car will be known as the Sonic. Elsewhere across the world, the Aveo name will remain. The company said it will begin building the Sonic in 2011. [Read More]

ADP Dealer Services revealed last week the seven latest additions to its list of vendors that have been approved for the ADP Third Party Access Program. The companies that have gained approval since July 1 are: —DataScan Technologies —Universal Dealer Consultants —CrystalNet —DealerMine [Read More]

More than $1 million will be distributed throughout the country to a wide variety of local efforts designed to help the environment as part of an initiative Toyota started with Audubon. The latter company, as some may know, runs nature centers, chapters, scientific, education and advocacy programs in communities. Toyota and Audubon teamed up two years ago to […] [Read More]