TORRANCE, Calif. — Honda officials included 384,220 Accords, Civics and Elements in a recall declaration Monday. Dealers and consumers with 2003 Honda Civic or Accord or an Element from the 2003 or 2004 model years need to get a remedy to prevent a malfunction of the ignition interlock feature of these vehicles. Basically, the ignition interlock mechanism can […] [Read More]

ATLANTA — Though women are commanding more of the auto purchasing power these days, they are more likely than men to find the whole vehicle-shopping process stressful. With that in mind, AutoTrader.com has unveiled a new guide for female shoppers to confidently navigate the ins and outs of auto buying. AutoTrader.com created the Roadmap to Car […] [Read More]

LONG BEACH, Calif. — There is a new game on Facebook in the "FarmVille meets Hot Wheels" mold, according to its developers, that gives automakers the chance to not only connect with consumers via social networking, but showcase their products, as well. Cie Games developed Car Town, which can be accessed at www.cartown.com or www.facebook.com/cartown. Explaining […] [Read More]

LAKE SUCCESS, N.Y. — DealerTrack Holdings cheered its second-quarter financial performance although a healthy quarterly revenue gain translated into a slight GAAP net loss. As executives discussed their most recent financial report, they shared their revenue figure for the second quarter totaled $61.9 million. The amount marked a jump from DealerTrack's revenue compiled during the second […] [Read More]

WASHINGTON, D.C. — Nearing the lowest point so far in 2010, the Federal Reserve indicated the average interest rate on new-car loans at auto finance companies slipped again in June. Federal officials pinpointed the average at 4.02 percent. Back in January, officials indicated the average was 3.94 percent. The June rate came after the Federal Reserve […] [Read More]

FORT WORTH, Texas — Not long after announcing that General Motors is acquiring AmeriCredit in an all-cash transaction valued at about $3.5 billion, the subprime auto lender announced its fiscal fourth-quarter and full-year financial results. The company more than doubled its net income over the same period last year and went from an $11 million net […] [Read More]

SCOTTSDALE, Ariz. — Carbiz announced that as of July 29, the company has new management and a new board of directors to assume operational control. According to the company, the new management was put into place because of the prior management team's "abandonment" by the simultaneous resignations of the entire board and corporate officers, as reported […] [Read More]

REDWOOD CITY, Calif. — OPENLANE chief executive officer Daniel Farrar looked to quell any apprehension from recovery agencies about the online auction company's recent acquisition of Recovery Database Network. In describing the deal to Auto Remarketing, Farrar emphasized that "we expect it to go smoothly." "RDN will be a wholly owned subsidiary of OPENLANE, so for […] [Read More]

CITRUS HEIGHTS, Calif. — Responding to its expanding market growth in the South and the East, Repo Remarketing recently bolstered its sales staff. Assigned to cater to clients in these regions is the company's newest executive account manager, Adam Hamza. Hamza's first industry experience came as his father worked at a dealership. His other professional roles […] [Read More]

CARMEL, Ind. — ADESA Phoenix gave dealers the chance to buy heavy-duty trucks at the auction, as it recently hosted a specialty sale. A large chunk of the trucks for sale were from Hitachi, and the event also featured an oil tanker up for grabs. "Our entire team went above and beyond to make this a […] [Read More]