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AutoNation Inc. entered into a new unsecured credit agreement with a $500 million term loan facility and a $1.2 billion revolving credit facility....
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Hudson Cook LLP, a nationwide provider of legal compliance services for the financial services industry, recently announced the addition of three attorneys and the establishment of the firms New England offices....
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Former dealer Reginald Timothy Hubbard was convicted of embezzlement, obtaining property by false pretenses and malfeasance Dec. 5. The former president and owner of Hubbard Automotive, LLC d/b/a Honda of Lake Norman in Huntersville, N.C., was investigate...
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After five consecutive monthly declines from its peak reading in May, the Manheim Used Vehicle Value Index rose 0.8 percent in November to a level of 123.8....
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TrueCar.com estimates actual fuel economy numbers from November light vehicle auto sales will increase to 22.3 mpg in November compared to 21.7 mpg in November 2010, and increase from October at 22.2 mpg....
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Auto Financial Group, an online provider of residual-based financing products for credit unions, reported strong momentum for its DrivingSense balloon loan program. New signings and renewals include Anheuser Busch Employees FCU, Congressional FCU, Corning...
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Communication systems continue to hurt the quality reputations of major manufacturers.The latest blow came when Southeast Toyota announced a recall of model year 2010-2011 Corolla vehicles equipped with a non-Toyota, Bluetooth hands free device or navigat...
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November 2011 CPO sales were 137,850, up 9 percent from November 2010, and down 1.2 percent from the prior month....
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Five Star Specialty Programs, a division of Crump Insurance Services Inc., and part of Crump Group Inc., announced new markets for the Auto Dealers Program that extends the coverage to all states except Alaska, Connecticut, Hawaii, Massachusetts, Minnesot...
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Dealer Uplink LLC, a Springfield, Mo., company that specializes in dynamic QR barcode services and mobile marketing solutions for auto dealers, has just completed a $1 million capitalization by its members....
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Nissan is recalling certain model year 2011 Rogue vehicles manufactured from Aug. 17, 2010, through Oct. 30, 2010. The circuit board may not have been installed in the correct position on certain electric power steering assist control units. This may caus...
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AuctionTrac, a subsidiary of KAR Auction Services, Inc., announced that the company has successfully located more than 1 million vehicles through its satellite-based GPS tracking system....
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Cars.com recently released survey results on Mobile Web and App Usage for Automotive Shoppers. The study stated that mobile car shoppers are younger, more affluent and more likely to be shopping for a new car rather a used car....
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Insurance Auto Auctions Inc. announced the relocation of its Lancaster, Mass., facility to a larger facility in Shirley, Mass....
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Toyota is recalling about 210,000 model year 2011 through 2012 Sienna vehicles for failing to comply with the requirements of Federal Motor Vehicle Safety Standard No. 110, "Tire Selections and Rims." These vehicles do not meet the requirement for display...
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TrueCar Inc. released a new version of its ClearBook used-car valuation tool....
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EMC Corp. announced that buy-here, pay-here chain DriveTime is transforming its IT infrastructure with EMC Symmetrix VMAX enterprise storage systems....
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TCF Financial Corp. announced that its wholly-owned subsidiary, TCF National Bank, has completed its previously announced acquisition of Gateway One Lending & Finance LLC....
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Sales of Chrysler vehicles in the United States rose 45 percent, to 107,172 from 74,152 in November 2010, the company reported Dec. 1. This represents the greatest year-over-year sales improvement this year.The increase was driven by retail sales that wer...
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Lenders are increasing loans to credit-challenged customers, according to Experian Automotive....
