ALEXANDRIA, Va. — Consumer bankruptcies slowed somewhat in April as compared to the previous month. But the American Bankruptcy Institute found the April total still was 15 percent higher than the amount filed during the same month in 2009. ABI shared data from the National Bankruptcy Research Center that revealed 144,490 consumer bankruptcies were filed in […] [Read More]

McLEAN, Va. — Capital One Auto Finance recently reported that quarter-over-quarter auto originations are up 32 percent, but the management team said these remain down modestly from the first quarter of 2009. Originations for the first quarter came in at $1,343,463, compared with $1,018,125 in the prior quarter and $1,463,402 in the same period of 2009. The […] [Read More]

BATON ROUGE, La. — Credit Union Acceptance Co., a service organization that represents 130 credit unions, will now offer Wolters Kluwer Financial Services' AppOne platform to its network of marine, powersports and RV dealerships. This announcement is designed to build on Wolters Kluwer Financial Services existing relationship with CUAC, which joined the AppOne platform last year […] [Read More]

TORRANCE, Calif. — Toyota executives had some positive news to share on Wednesday regarding ongoing recalls for its various Toyota and Lexus models. To date, the automaker highlighted that more than 3 million remedies have been performed for three recent recalls. The company gave an approximate breakdown of how it compiled that figure: —1.6 million to […] [Read More]

DETROIT — General Motors on Wednesday announced a change of its vice president of U.S. marketing, moving out Susan Docherty who was assigned to the role just two months ago. The automaker revealed that effective May 24 former Nissan North America executive Joel Ewanick will serve vice president of U.S. marketing and report to Mark Reuss, […] [Read More]

IRVINE, Calif. — In a unique way to reach out to budding auto journalists, Kelley Blue Book's Kbb.com is holding a contest where car enthusiasts can make their own vehicle review videos and submit them for the chance to win $10,000 and be a KBB editor for a day. To participate, contestants simply film a two-minute or less […] [Read More]

ATLANTA — In a round of lending announced Tuesday, AutoTrader.com can tap into a new set of funds thanks to a financing arrangement it made with Goldman Sachs Lending Partners LLC and Wells Fargo Bank, National Association that provides the company with senior secured revolving credit and term loan facilities in an aggregate principal amount of […] [Read More]

CLIFTON PARK, N.Y. — Executives from Auto/Mate Dealership Systems highlighted on Tuesday they completed two crucial integration points intended to help several dealership departments at Mazda franchise stores. The integration connects their Automotive Management Productivity Suite and Mazda North American Operations dealership communication system. The first advancement involved the Mazda Vehicle Invoice Integration, a function the company […] [Read More]

AUBURN HILLS, Mich. — To give its dealer body another selling point in the spring season, Chrysler rolled out is May incentives on Tuesday, announcing that zero-percent financing through GMAC Financial Services is now available on most of its 2010 lineup. Breaking it down, on Chrysler brand vehicles, shoppers can choose from zero-percent financing for up […] [Read More]

DETROIT — GM Certified Used Vehicles has given its dealers another online tool to help them drive showroom traffic and move CPO units. Executives announced Tuesday that eligible dealers can use free video streaming for their certified vehicles on GMCertified.com and select GM Certified partner sites. "Simply by providing a minimum of six photos, our certified […] [Read More]