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NewsOctober 25, 2011

California New-Car Sales Up 9.4 Percent in 3Q

The California New Car Dealers Association announced that vehicle registrations have increased 9.4 percent vs. last year, marking the ninth consecutive quarterly increase.

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NewsOctober 25, 2011

J.D. Power Sees 10.5 Million-Unit Month in October

New-vehicle sales should remain stable in October and should stay above the 10 million-unit mark, predicts J.D. Power and Associates.

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NewsOctober 25, 2011

CNA National Names New Actuarial Director

CNA National has appointed Tim Schilling, former vice president and chief actuary for Fidelity National Title Group, to the newly created position of actuarial director.

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NewsOctober 25, 2011

Santander Has New Partner, Realizes $1 Billion Capital Gain

Santander Consumer USA announced that Sponsor Auto Finance Holdings Series will invest $1 billion in the company.

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NewsOctober 20, 2011

Chrome Systems’ PaymentDriver Integrates With NADAguides

Chrome Systems’ PaymentDriver calculation tool enables NADAguides.com visitors to calculate and compare side-by-side projected lease and retail payments for new and used vehicles.

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NewsOctober 20, 2011

Defaults Pick Up for All Credit Segments Except Auto, S&P/Experian Reports

Auto loans were the only credit segment to experience a decrease in defaults in September, falling to 1.29 percent from August’s 1.31 percent, according to the S&P/Experian Consumer Credit Default Indices.

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NewsOctober 20, 2011

TCF to Acquire California Indirect Auto Lender

TCF Financial Corporation announced that its wholly-owned subsidiary, TCF National Bank, has signed a definitive agreement to acquire Gateway One Lending & Finance LLC.

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NewsOctober 20, 2011

Cleveland Dealer Using QR Codes in Saab Marketing Campaign

Collection Auto Group’s “Snap up a Saab” contest and advertising campaign will give participants the chance to win a new Saab vehicle of their choice.

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NewsOctober 20, 2011

Marketing Firm Launches Co-Op Adveritsing Program for Independents

Sales Solutions First has rolled out a new co-op advertising program that allows independent car dealers to accrue co-op advertising funds.

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NewsOctober 20, 2011

VIN Viper Releases iPhone Update

Selig Technologies’ updated VIN Viper mobile app allows dealers to display appraisal values and Carfax summary points on one page.

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