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NewsOctober 1, 2013

September Used-Vehicle Sales Up 3.9 Percent, CNW Reports

Despite fewer shoppers, used-vehicle sales were up 3.9 percent. Leading the way were franchised dealers, which retailed 5.44 percent more used vehicles than a year ago.

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NewsOctober 1, 2013

Ally Appoints New CFO

The company’s current corporate treasurer, Christopher Halmy, will step into the role in November, as CFO James Mackey leaves to pursue other opportunities.

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NewsOctober 1, 2013

Two-Thirds of Dealers Increased Charitable Giving in 2013

Nearly 65 percent of dealers surveyed by Ally Financial and the NADA have increased donations and volunteerism this year.

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NewsOctober 1, 2013

Equifax: Auto Loan Balance Hits 5-Year High

The balance of auto loans in August increased 9.7 percent from last year, rising from $760.8 billion to $834.4 billion, according to Equifax’s National Consumer Credit Trends Report.

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NewsOctober 1, 2013

FirstClose Partners With Dent Wizard on New Service Plan

Users of FirstClose's online loan origination service will now be able to offer an exclusive auto appearance service plan designed by Dent Wizard, the two companies announce.

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NewsSeptember 26, 2013

Huntington Expands Dealer Finance Business in Iowa

The bank holding company has hired a seasoned team with knowledge of the Iowa market to lead its expansion, company officials report.

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NewsSeptember 26, 2013

KBB: September Auto Sales Expected to Dip Nearly 2 Percent

The seasonally adjusted annual rate is at 15.7 million units, while September is expected to decline 1.8 percent to a total of 1.17 million units, KBB reports.

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NewsSeptember 26, 2013

Exeter Participates in Blackstone Veterans Hiring Summit

The finance source joins representatives from the White House, U.S. Military, Departments of Labor and Veterans Affairs, and Blackstone portfolio companies to advance hiring of veterans.

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NewsSeptember 26, 2013

Michael McCarthy to Head Dealertrack’s Canadian Operations

The financial services exec will head up the tech firm’s Canadian operations as vice president and general manager. Previous employers include Davis & Henderson and Scotiabank.

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NewsSeptember 24, 2013

Judge Partially Blocks N.H. Dealer-Protection Bill, GM Drops State Dealer Incentives

Heavy farm equipment manufacturers won temporary exemption from New Hampshire’s newly amended Dealer Bill of Rights, days before it was to take effect on Monday. Dealers there were dealt another blow that day when General Motors announced it was pulling its dealer sales incentives from that state.

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