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NewsMarch 1, 2012

Consumer Confidence Increased in February, Conference Board Reports

The Conference Board's Consumer Confidence Index increased in February, revealing that consumers are less pessimistic about current business and labor market conditions than they were in January.

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NewsMarch 1, 2012

ADP Digital Marketing Expands Analytics Segment Facilities

ADP Dealer Services and its Digital Marketing group have acquired Autotegrity from Link Ventures and Cogo Labs to expand a facility that’s focused on optimizing the online shopping experience for consumers.

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NewsMarch 1, 2012

CarFinance Secures $200 Million Credit Line

CarFinance Capital LLC announced that it has secured a $200 million warehouse credit facility from Deutsche Bank and Credit Suisse.

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NewsFebruary 23, 2012

February Sales Rate Outperforms January, J.D. Power Reports

New-vehicle sales this month have been strong month to date, with the selling rate outperforming January's, reported J.D. Power and Associates.

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NewsFebruary 23, 2012

Interest Rates at Lowest Levels Since 2008, Experian Reports

Experian Automotive announced that the automotive loan market showed continued improvement, with interest rates for new- and used-vehicle loans at their lowest levels since 2008.

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NewsFebruary 23, 2012

GM Financial Names ADESA San Diego 2011 Auction of the Year

GM Financial named ADESA San Diego (California) as its 2011 Auction of the Year as part of the company’s nationwide Auction of Excellence program.

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NewsFebruary 23, 2012

Lithia Reports Doubled Earnings in 2011

Lithia Motors Inc. reported the highest fourth quarter net income in company history, and more than doubled earnings for the fourth quarter and full-year 2011 vs. last year.

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NewsFebruary 23, 2012

DealerTrack Achieves $109 Million Revenue Increase

DealerTrack Holdings Inc. reported that revenue last year came in at $353.3 million, a $109.5 million increase vs. 2010.

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NewsFebruary 23, 2012

KBB Sees Auto Sales Pacing at 13.8 Million SAAR

Kelley Blue Book said yesterday that it expects new-vehicle sales to surpass 1.05 million units this month, which means the industry would be pacing at a 13.8 million seasonally adjusted annualized rate (SAAR) — a 6.4 percent improvement from the year-ago period.

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NewsFebruary 23, 2012

AutoTrader Spots Movement Toward Fuel-Efficient Vehicles

A report by AutoTrader.com revealed that shoppers are turning toward smaller and more fuel-efficient vehicles in the wake of rising gas prices, which crept up to a national average of nearly $3.40 per gallon in January.

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