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NewsMarch 17, 2011

KBB Study Shows New-Car Shoppers Plan to Research Finance Options Online

According to a new Kelly Blue Book Market Intelligence Survey, 64 percent of new-car shoppers say they plan to research their financing options on the Web. The vehicle information site also announced that it has entered into exclusive partnerships with Bank of America and Autobytel Inc.'s Car.com to offer prime and subprime financing to visitors of KBB.com.

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NewsMarch 15, 2011

March Opens With Better Floor Traffic, Strong Closing Ratio, Reports CNW

An increase in floor traffic and a strong closing ratio indicate that new-vehicle sales in March will improve 11 percent from the year-ago period, according to CNW’s Retail Automotive Summary.

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NewsMarch 15, 2011

CNA National Names Brian Pendergast as Chief Information Officer

CNA National announced that Brian Pendergast joined the firm’s senior management team, effective Monday, as chief information officer, a newly created position.

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NewsMarch 15, 2011

DealerTrack Credit Application Network Reaches 1,000 Lenders

DealerTrack Holdings Inc. today announced that the number of active lenders connected to its DealerTrack credit application network has reached 1,000 U.S. lenders.

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NewsMarch 14, 2011

Polk: Leasing on the Comeback Trail

Automotive leasing represented nearly 19 percent of overall vehicle transactions last year, according to Polk. This represents a 5.8 percentage point increase over 2009 leasing penetration rates.

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NewsMarch 11, 2011

IAS, Universal Lenders Partner to Provide Aftermarket Financing

IAS, a provider of F&I aftermarket programs, has entered into an agreement with Universal Lenders LLC and can now offer its nationwide network of agents and dealers a financing alternative at the aftermarket point of sale.

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NewsMarch 11, 2011

Bill to Fix California GAP Problem Moving Quickly

Legislation aimed at amending a California law that barred a key GAP feature is moving quickly through the state Legislature, raising the prospects of the issue being resolved by June.

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NewsMarch 10, 2011

Motor Trend Certified CPO Purchases Top 10,000 Units in 2010

The 2010 Motor Trend Certified Pre-Owned dealers delivered more than 10,000 CPO vehicles in 2010, according to Motor Trend and EasyCare.

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NewsMarch 10, 2011

Experian: Vehicle Scrappage Rates at Highest Level Since Cash for Clunkers

Experian Automotive said that the rate of vehicles removed from operation significantly increased from the third to fourth quarter of 2010 for both cars and light trucks.

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NewsMarch 10, 2011

Dealix Hires Peter Wilson as Executive Director for UsedCars.com

The Dealer Services Group of Automatic Data Processing Inc. announced Tuesday that its Dealix business unit hired Peter Wilson as executive director of UsedCars.com, an automotive shopping site.

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