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To meet customer demand for leasing and non-prime financing for GM vehicles, General Motors Co. and AmeriCredit Corp. announced they have entered into a definitive agreement for GM to acquire AmeriCredit, one of the nation's leading independent auto finan...
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CarMax Laurel Toyota has donated nearly $50,000 to Laurel, Md., nonprofit organizations.
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On the first anniversary of the Cash For Clunkers program, Paragon Auto Group announced the launch of its own auto stimulus plan. Paragon Honda-Acura's Cash For Clunkers II recently launched and will offer customers up to $3800 of trade-in value for a new...
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Edmunds.com reports that new cars are selling at a rate close to 12 million SAAR so far this month. However, industry observers should not misread this as a sign of recovery for the industry.“July and August sales may suggest a rebound but the underlyin...
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Openlane.com has collaborated with HomeNet Automotive to offer dealers an easy and efficient way to list and wholesale their aged inventory. Dealers using HomeNet’s flagship product, the Inventory Online Internet Marketing Suite (IOL), can publish selec...
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Cars.com and Hyundai Motor America announced that Hyundai Motor America will supply a live feed to Cars.com of all certified pre-owned Hyundai automobiles available at more than 790 Hyundai retailers nationwide.
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Now available for the first time to consumers, the Executive Auto Group has teamed up with AutoTrader to offer customers a guaranteed value to trade-in or sell their vehicles outright. With AutoTrader's Trade-In Marketplace the Executive Auto Group will e...
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Automotive Resources International, a subsidiary of Holman Enterprises, raised over $28,800 for local and national charities through several employee events. In June, ARI held its sixth annual custom car show that included a 50/50 raffle benefiting Autism...
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Credit Acceptance Corp. announced the preliminary results of its tender offer to purchase up to 4 million shares of outstanding common stock at a price of $50 per share, net to the seller in cash, without interest. Based on a preliminary count by the depo...
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According to the latest Kelley Blue Book Market Intelligence survey data, in-market car shoppers indicate they are feeling the economy’s strong influence with regard to their attitudes about financing and purchasing vehicles. Most in-market shoppers a...
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Heat and humidity couldn’t stifle the Christmas spirit at Carolina Auto Auction’s annual Christmas in July Sale on Wednesday, July 14. The NASCAR theme was driven home with Hendricks Motorsports on-site with Dale Earnhardt, Jr.’s number 88 car and t...
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At least 1.4 million used cars that were recalled but not repaired were for sale in 2009, according to a new study by Carfax. "Unrepaired open recalls are an important factor in vehicle evaluations," said Larry Gamache, communications director at Carfax. ...
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Real average hourly earnings for all employees rose 0.1 percent from May to June, seasonally adjusted, the U.S. Bureau of Labor Statistics reported. This increase stems from a 0.1 percent decrease in average hourly earnings combined with a 0.1 perce...
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First Investors Financial Services Group, Inc. has reported net earnings of $155,999 for the three months ended April 30, 2010, and $735,735 or for the twelve months ended April 30, 2010. This compares to net earnings of $593,657 for the three months ...
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The Consumer Price Index for All Urban Consumers (CPI-U) declined 0.1 percent in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the index increased 1.1 percent before seasonal adjustment.Similar...
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Ove.com is bringing together its independent auction partners for two first-ever educational conferences. These Independent Auction Summits, for businesses that have signed up to facilitate transactions on vehicles listed by their customers on OVE.com, ar...
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For the first time since 1997, domestic auto brands, collectively, have surpassed import brands as a whole in vehicle appeal, according to the J.D. Power and Associates 2010 Automotive Performance, Execution and Layout (APEAL) Study.n 2010, the APEAL scor...
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The Rea Brothers’ Blues & BBQ to be held Sept. 20 and Tuesday, Sept. 21. The festivities start with a huge Southern-style barbeque dinner followed by a world-class blues concert starring blues music greats Zac Harmon, Reba Russell and Eden Brent a...
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Insurance Auto Auctions Inc. has relocated to a 20-acre facility in Simpsonville, S.C., which is located near Greenville.
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Chrysler has taken the lead in presenting consumers with dramatic summer incentives, announcing today that the company will cover the first two months payments and provide other generous incentives for new car buyers.
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