The AuctionACCESS dealer registration system from AutoTec is now featured at each one of Manheim’s Total Resource Auctions, AutoTec revealed this week. “This will immediately provide access to thousands of new buyers at our salvage-centric locations,” shared vice president and general manager of Total Resource Auctions Bill Tiedemann. [Read More]

As Porsche reported its November sales figures, the automaker also announced it surpassed a new threshold of fans on its official Facebook page. Porsche says it now has more than 1 million Facebook fans worldwide. Company officials mentioned they have special plans for their 1 million devotees on Facebook. As part of a continued celebration, […] [Read More]

The Detroit Auto Dealers Association revealed its new slate of officers for 2010-2011. DADA executive vice president Rod Alberts announced the newly elected officers are: —James Seavitt, president. —Robert Shuman, vice president. —Scott LaRiche, treasurer-secretary. The election came during organization’s annual member meeting this week. President James Seavitt Seavitt currently is president of Village Ford […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express recently added another lender to its stable of Web-based financial services and technology for independent dealerships. The company revealed it brought in E&S Funding. Finance Express president David Huber discussed the reasons for this decision. "We are always looking for more quality lenders to help enhance our lender portal," […] [Read More]

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]