OAK BROOK, Ill. — vAuto announced recently that it has named a senior director of performance management. Appointed to the role was Larry Beasley, who was previously the Eastern and Western used-vehicle director and regional used-vehicle director for Sonic Automotive Group.  Before that, he worked as vice president of operations for Budget Car Sales. In his […] [Read More]

MIAMI — LeaseTrader.com said that the time it takes to transfer a lease through the site has almost been cut in half thanks largely to new services and efficiencies from the company. Specifically, LeaseTrader.com contends that the average lease transfer on the site currently takes 13.4 days, compared with 26.2 days last year. The company pointed to […] [Read More]

MT. LAUREL, N.J. — Automotive Resources International recently promoted two executives in its information technology department. Taking over as director of systems and programming will be Tony Candeloro, while Dan O'Callahan now will serve as director of information technology.  During the past year, ARI said that Candeloro assumed responsibility for pre- and post-sales support in the imaging systems […] [Read More]

DALLAS — Since both companies aim to serve buy-here, pay-here dealers, Vehicle Acceptance Corp. and PassTime chose to form a marketing alliance. The partnership announced earlier this week resulted in a coordinated effort to promote PassTime's starter interrupt and GPS devices in conjunction with Vehicle Acceptance's cash and service solutions. In order to be prepared adequately […] [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute pinpointed just how difficult it's been on consumers by sharing exactly how many filings occurred in 2009 and possible trends for this year. Officials revealed data from the National Bankruptcy Research Center that determined overall consumer filings totaled 1,407,788 during the 2009 calendar year. That amount represented a 32-percent […] [Read More]

WASHINGTON, D.C. — As the national economy regains its footing, the American Financial Services Association is gearing its annual conference to give dealers and financial companies specific growth strategies for the rebound. National dealership leaders and top financial company executives are expected to attend the 14th Annual Vehicle Finance Conference and Exposition at Walt Disney's Yacht […] [Read More]

BANDON, Ore. — After eight years of steady increases, CNW Research recently reported that combined new and used repossessions eased a bit during the first half of December. While slight, 5.36 percent to 5.26 percent, Art Spinella, of CNW, said this is a good sign. "That may not seem a significant decline, but after eight years […] [Read More]

ATLANTA — Several used and certified pre-owned models saw declines in shopping activity on AutoTrader.com during December, but it wasn't for lack of consumer interest. Instead, site officials attributed this drop-off in used and CPO activity to to lower inventories of these units. Analysts noted that this trend was especially evident in the asking prices for trucks and […] [Read More]

SANTA MONICA, Calif. — Edmunds.com analysts found the percentage of new-vehicle sales in December that came from old model-year units was down significantly from the same period of 2008, and this greatly influenced incentives.  As a result, they discovered that the average incentive was $2,542 per vehicle sold in December 2009. That incentive was 6.7 percent lower or $167 less […] [Read More]

NEW YORK — The nominees for the the Time Magazine Dealer of the Year Award were recently unveiled, and a total of 45 dealers are in the running for the honor that's been given for the past 40 years by the magazine in partnership with Goodyear. The honor will be given during the opening session of the […] [Read More]