E-NEWSLETTER

Edmunds.com has noticed that Toyota purchase intent has risen dramatically since the company announced a fix for its recall.

Tags: Edmunds.com, Toyota

Edmunds.com estimated today that the average automotive manufacturer incentive in the U.S. was $2,382 per vehicle sold in January 2010, down $160, or 6.3 percent, from December 2009, and down $326, or 12.0 percent, from January 2009.

Tags: Edmunds.com, manufacturer incentives

Telematics supplier GuidePoint Systems has expanded its operations in metro Detroit and Fort Worth, Texas to meet growing demand for its services.

Tags: GuidePoint Systems, telematics supplier

Higher sales for every brand and in every product category propelled Ford to a 24 percent sales increase in January versus a year ago.

Tags: Ford, Ford Motor Credit

The 102,254 consumer bankruptcies filed in January represented a 10 percent decrease nationwide from the 113,274 consumer filings recorded in December, according to the American Bankruptcy Institute (ABI) and based on data from the National Bankruptcy Research Center (NBKRC).

Tags: consumer bankruptcies

Legal services providers Hudson Cook LLP, CounselorLibrary.com LLC, and Auto Advisory Services will hold an auto financing workshop in Orange County, Calif., on March 5.

Tags: Auto Advisory Services, Hudson Cook, training

Daimler Financial Services made executive changes to the company in conjunction with the appointment of Klaus Entenmann, formerly president and CEO of the Americas region, to chairman of Daimler Financial Services AG in Berlin.

Tags: Daimler Financial Services

NADA Used Car Guide (NADA) has introduced auction values to its electronic product line. These new values are updated weekly to help customers better understand pricing activity for the disposal or purchase of a vehicle in the dynamic auction remarketing channel.

Tags: auction values, NADA, NADA Convention and Expo

Parayil & Mann Dealer Services Inc. (PMDS) has added ServiceUps, a suite of customer communication tools for the service department, to its DealerUps customer relationship management (CRM) system.

Tags: customer relationship management system, online marketing, service department

Dealer.com, a provider of online marketing solutions, today announced it has named David Stetson as its new chief financial officer (CFO). He will be responsible for the company’s financial operations.

Tags: online marketing

Edmunds.com analysts predict that January's new-vehicle sales (including fleet sales) will come in at 701,000 units, and that the seasonally adjusted annualized rate (SAAR) will be 10.7 million, down from 11.2 in December 2009.

Tags: Edmunds.com, sales forecast

The U.S. Commerce Department’s Bureau of Economic Analysis estimates that the gross domestic product (GDP) for the fourth quarter 2009 rose 5.7 percent at an annual rate.

Tags: gross domestic product

NADA University, a new online education and training resource for auto dealers set to launch at the National Automobile Dealers Association (NADA) annual convention, in Orlando, Fla., Feb. 13-15, will feature a first-of-its-kind “Learning Hub” center designed to drive dealership performance and profitability.

Tags: NADA, NADA Convention and Expo

Touting year-over-year improvements in originations, credit performance and earnings, AmeriCredit officials said on Jan. 27 the company is in a good position to rebuild its business in 2010.

Tags: AmeriCredit, subprime finance

Autobytel Inc. and Autodata Solutions Inc. announced that Autobytel will utilize Autodata Solutions’ professional still image vehicle photography and comprehensive data for U.S. vehicles on its network of sites, including Autobytel.com.

Tags: Autobytel, online inventory, online marketing

HomeNet Automotive, an online inventory solutions provider, and Edmunds.com formed a partnership that allows dealers to list their inventory on Edmunds.com and receive high quality leads in return from consumers visiting Edmunds.com.

Tags: Edmunds.com, Internet leads, lead generation, online inventory, Web-based leads

In a new survey on Internet-based car sales, half of the dealers surveyed said they expect Internet sales to represent more than 30 percent of their total car sales in 2010.

Tags: Internet leads, Internet sales

The California New Car Dealers Association (CNCDA) said that 2009 registrations of new cars and light trucks fell 28.3 percent from 2008, a sharper decline than the 21.2 percent drop in the U.S. market.

Tags: new-car sales

Windsor Group has purchased Windsor Remarketing, a Fort Worth, Texas-based remarketing management company. Their combined menu of services includes skip tracing, repossession management and remarketing management.

Tags: remarketing, repossession, skip-tracing

Virginia Surety Company Inc. (VSC), a subsidiary of The Warranty Group Inc., announced an agreement with Express Systems Inc. to provide underwriting and actuarial services for their reinsured product offerings.

Tags: F&I products, GAP

General Motors and Spyker Cars NV confirmed Tuesday that they have reached a binding agreement on the purchase of Saab Automobile AB.

Tags: General Motors, Saab

Toyota Motor Sales (TMS) U.S.A. Inc. announced yesterday that it is instructing Toyota dealers to temporarily suspend sales of eight models involved in the recall for sticking accelerator pedal.

Tags: Toyota, vehicle recall

Not only is CNW Market Research anticipating a 9 percent increase in used sales for January, but current floor-traffic data has the firm predicting a strong spring/summer selling season.

Tags: CNW Market Research, floor traffic, used-car market

The national unemployment rate was unchanged in December at 10 percent, but was 2.6 percentage points higher than the year-ago period, according to the U.S. Bureau of Labor Statistics.

Tags: unemployment rates

CUDL, which administers the nation’s largest auto lending network for credit unions, will represent its more than 750 partnering credit unions at the 2010 National Automobile Dealers Association (NADA) Convention.

Tags: credit unions, CUDL, NADA