DALLAS — AutoRevo, a provider of dealer Web sites and ondemand software, recently launched the integration of Black Book Guide for AutoRevo Mobile. The application can help dealers manage their inventory via their iPhone. Officials explained that AutoRevo Mobile with Black Book values can allow dealers to complete several tasks, including: —View wholesale and retail Black Book […] [Read More]

MOUNT ARLINGTON, N.J. — The International Automotive Remarketers Alliance recently signed Manheim on to a four-year sponsorship agreement, under which the auction company will serve as the alliance's lead sponsor and support its professional development and grassroots campaigns. As part of the partnership, Manheim will offer guidance to IARA for program development. Moreover, Manheim executives will speak at a […] [Read More]

MONCKS CORNER, S.C. — Hundreds of dealers decided to celebrate Charleston Auto Auction's ninth anniversary recently. The operation enjoyed a record-breaking crowd of more than 650 dealers at its event last Friday. Dealers participated in a $1 million sweepstakes as well as drawings for $50,000 in cash and other prizes. Charleston AA also highlighted that 1,300 […] [Read More]

OAKLAND, Calif. — BarNone, a provider of special finance leads, recently launched a new per-lead national television advertising campaign; however, the company pointed out that it is compensated only for each applicant it drives to a dealer. BarNone explained how its campaign will operate to push credit-challenged consumers who need assistance in obtaining financing to qualified dealers in […] [Read More]

PHILADELPHIA — VINtek recently expanded the availability of its interactive, real-time tax, tag and title fee calculator. Previously only accessible by lenders, dealers and consumers now can use the tool through the launch of www.taxandtags.com. Previously, the company noted that this tool only could be used through VINtek's direct-to-consumer (D2C) lending platform. Officials explained that www.taxandtags.com […] [Read More]

WASHINGTON, D.C. — The National Automobile Dealers Association, along with other commercial lending executives representing four major banks, met with the Small Business Administration recently to discuss ways to make the SBA's dealer floor plan pilot program more effective. The association urged the SBA to make the pilot program permanent and to simplify it so it's […] [Read More]

DETROIT — Many lenders are apparently returning to some of the some practices that played a role in their financial instability, such as zero-percent financing, low down payments and more, according to Sudarshan Mhatre, senior analyst with PricewaterhouseCoopers' Autofacts. He also said that consumers are tending to take on more debt for longer periods of time, […] [Read More]

ARLINGTON, Texas — In the wake of Toyota's recalls, more than half of consumers have apparently  found the automaker to be "less appealing," while domestics are enjoying some good news, especially for Ford, according to the New Vehicle Brand Barometer Study from Decision Analyst. More specifically, 53 percent of study participants said Toyota is now less attractive after its […] [Read More]

SANTA MONICA, Calif. — The "aggressive" incentives that Toyota rolled out this month seem to be paying off, according to TrueCar. In fact, the company discovered that the automaker's month-over-month growth in market share is the largest among major brands as of mid-March. More specifically, after posting market share of only 11.2 percent in February in the […] [Read More]

DETROIT — Late Tuesday, Saab Cars North America selected the place that will serve as its new headquarters. Where will the newly independent automaker set up shop? The new headquarters will be in Royal Oak, Mich., which means Saab is keeping about 2,000 jobs in North America. The automaker plans to invest $2.4 million to enhance its U.S. sales and marketing operations […] [Read More]