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NewsJuly 11, 2011

AutoMD.com: Longer Ownership May Not Translate Into More VSC Sales

The AutoMD.com report indicated that extended vehicle ownership is becoming a more common habit regardless of where the economy is in its recovery.

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NewsJuly 11, 2011

Eos Group Supplying VSCs to Tuttle-Click Dealerships

Eos Group Inc. will bring it’s extended vehicle service contracts to Tuttle-Click Automotive Group’s customers in Southern California and Arizona.

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NewsJuly 7, 2011

Prestige Financial Announces $150 Million Funding Facility with Wells Fargo Securities

Prestige Financial’s $150 million funding facility with Wells Fargo Securities has a renewable one-year term and will assist Prestige in growing its loan portfolio and completing periodic asset-backed securitizations.

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NewsJuly 7, 2011

Black Book Online Expands Partnership with Asbury Automotive Group

Black Book Online’s lead-generator tool will be featured on 52 of Asbury Automotive Group’s Websites. The module collects information such as the make and model a consumer is interested in, the value of the customer's trade-in and an estimate of the customer’s credit score.

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NewsJuly 7, 2011

Consumer Bankruptcy Filings Drop 8 Percent Through First Half of 2011

U.S. consumer bankruptcy filings decreased 8 percent nationwide during the first six months of 2011, according to the American Bankruptcy Institute (ABI).

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NewsJuly 7, 2011

Toyota, Ford Top Hybrid Vehicle Scorecard List

The Union of Concerned Scientist’s Hybrid Scorecard rankings named Toyota- and Ford-built hybrids as the top models on its annual list.

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NewsJuly 7, 2011

TrueCar.com Study: Youthful Car Brands Lead Generation Y Buyers

A study by TrueCar.com showed that Generation Y buyers tend to lean toward Scion, Mitsubishi and Mazda brands.

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NewsJuly 7, 2011

Group 1 Automotive Completes $1.35 Billion Five-Year Revolving Credit Arrangement

Group 1 Automotive’s syndicated credit facility will provide $1.1 billion for inventory floorplan financing and $250 million for working capital, acquisitions and general corporate purposes.

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NewsJuly 7, 2011

Equifax Report: Auto Loan Originations Up 20 Percent in Q1 2011

First quarter originations shot up 21 percent from the same period last year, with March originations eclipsing what was recorded during the Cash for Clunkers summer of 2009.

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NewsJuly 7, 2011

Dealix to Power New-Car Leads for NADAguides

Dealix will be the exclusive provider of the new-car quote and dealer selector platform for NADAguides.com.

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