MINNEAPOLIS — Wolters Kluwer Financial Services announced Wednesday that it has named a senior attorney for its indirect lending business unit, which provides compliance tools and services to marine, RV and dealerships, and the lenders that serve them. Serving in this capacity is Chip Zyvoloski. As senior attorney, Zyvoloski researches and monitors relevant legislation and regulations […] [Read More]

COLUMBUS, Ohio — Huntington Bancshares Finance & Dealer Services Group was the announced today that it is the No. 1 lender in Ohio for the fourth quarter of 2009. Huntington's share of loans for financing the sales of new and used cars and trucks through franchised dealers more than doubled from the fourth quarter of 2008, […] [Read More]

TORRANCE, Calif. — Following last week's safety recall for sticking accelerator pedals, Toyota has told its U.S. and Canadian dealer bodies to stop selling the eight vehicles that were involved for the time being, and is planning to temporarily halt production on these units in North America, as well.  On Thursday, Toyota originally announced it was recalling roughly […] [Read More]

PASADENA, Calif. — Rusnak Pasadena Porsche, a part of the Rusnak Auto Group, recently learned its certified pre-owned sales volume was the highest in North America last year. Rusnak officials attributed the success to "paying attention to minor details across all aspects of operations." General Manager Mark Umutyan expanded on that theme. "We went into 2009 […] [Read More]

WEST CHESTER, Pa. — HomeNet Automotive has formed a partnership with DecisionLinks — a provider of predictive lead-management solutions — that is designed to help dealers adjust their inventory to meet market demand, improve sales conversion, gain stronger leads and meet potential customers' needs more effectively. Officials said the TeaLeades program from DecisionLinks is easily integrated into HomeNet's Inventory […] [Read More]

SANTA MONICA, Calif. — Based on transaction data, current customer and dealer incentives as well as federal tax credits, TrueCar revealed what it believes are the best deals for 2009 and 2010 hybrid vehicles. Taking top spot for the current model year was the 2010 Ford Escape, which surpassed seven other domestic vehicles that TrueCar listed […] [Read More]

CHARLESTON, S.C. — PureCars and Carfax recently entered into a partnership meant to boost the value of a dealer's inventory that's listed on the Web site. The agreement means dealers can give all visitors to PureCars.com free access to Carfax Vehicle History Reports, which they have purchased for their inventory. One dealer shared how this arrangement would be […] [Read More]

ATLANTA — A senior vice president with the American Arbitration Association told Auto Remarketing Tuesday that about 1,550 to 1,560 Chrysler and General Motors dealers are seeking reinstatement via arbitration. The deadline for dealers to file for arbitration was Monday at midnight, and the AAA is acting as administrator for the process.   "It seems to […] [Read More]

CARY, N.C. — The Pre-Owned Automobile Dealers Alliance, a national alliance of dealers and service providers specializing in servicing the pre-owned marketplace, recently added three new Partners to its growing list of industry members.  Black Book, the industry source for timely, independent and accurate vehicle valuation data and Web site-based lead conversion tools; Laser Appraiser, an […] [Read More]

DETROIT — General Motors has struck a deal to sell its Saab brand to Spyker Cars NV, which plans to form a new company named Saab Spyker Automobiles as it moves forward with the Swedish brand. "Today's announcement is great news for Saab employees, dealers and suppliers, great news for millions of Saab customers and fans […] [Read More]