CARMEL, Ind. — On Monday, ADESA announced that its subsidiary, PAR North America, has teamed up with SWBC to bring credit unions a suite of automotive asset risk and account management services. SWBC is one of the nation's largest privately held financial services and insurance companies. "As auto loan defaults continue to rise due to a […] [Read More]

MADISON HEIGHTS, Mich. — When it comes to GPS-based systems, special finance companies and buy-here, pay-here dealers need to ask themselves a simple question: "Do I want the metal or the money?" For most, it's about the money. That is why it's so curious that many of them end up using GPS systems to collect collateral […] [Read More]

ANDERSON, S.C. — Carolina Auto Auction recently commemorated 20 years of business with its annual anniversary sale last week. The celebration, which had an "On Top of The Game" theme, was part of the auction's busy spring and summer of promotions and special events. The anniversary sale, held Wednesday, was slated to include a consignment of […] [Read More]

SANTA ANA, Calif. — As the next round of hearings approach in Toyota recall litigation, prominent legal professionals nationwide are organizing for their upcoming chance to face the Japanese automaker before a federal judge next month. HB Litigation Conferences, a continuing legal education provider, revealed late last week details about a meeting of law professionals designed to thoroughly […] [Read More]

CARY, N.C. — The deadline for the Federal Trade Commission's Red Flags Rule is about six weeks away. Are you, as a dealer, compliant, and have you done all you need to do to protect your stores? To make sure you are ready when the June 1 enforcement deadline arrives, the Pre-Owned Automobile Dealers Alliance is here […] [Read More]

SANTA MONICA, Calif. — TrueCar.com analysts believe automakers are attempting to keep any economic recovery momentum going by continuing to offer generous incentive packages and discounts from MSRP on 2010 vehicles. According to the site's TrueTrends Report for April that aggregates this data, the average discount off of a new vehicle is projected to be at […] [Read More]

IRVINE, Calif. — The news that Hummer is in the process of officially winding down since General Motors could not find a buyer has apparently sparked a lot of consumer interest in the brand, particularly the H3, according to Kelley Blue Book's Hot Car Report for the week. "The Hummer H3 experienced the greatest influx of […] [Read More]

STAMFORD, Conn. — Reflecting similar patterns of other wholesale price indicators, the RVI Used Car Price Index increased by another 3 percent in March. RVI Group analysts indicated that the March level also was 20.3 percent higher than the previous-year figure. Fueling the most recent gain were in sports cars, full-size sedans and luxury midsize sedans. […] [Read More]

DETROIT — Saab Cars North America and OnStar reached an agreement late last week to continue to offer OnStar subscription service to brand customers under the automaker's new owner, Spyker Cars NV. Officials said the agreement begins with model year 2010 vehicles and applies to Saab vehicles sold in the United States. OnStar service is a […] [Read More]

NEW YORK — The New York Acura Association, a cluster of three franchise dealers, is partnering with an auto-focused advertising agency on a new technology strategy intended to connect print and online marketing efforts more effectively. The technology called QR, which is an abbreviation for quick response, is based on putting a small bar code within […] [Read More]