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NewsFebruary 8, 2011

Carfax Expands Marketing Support for Dealers

Carfax is increasing its support of dealers to boost customer traffic and used-car sales. Subscribing dealers have access to an expanded set of free marketing materials from Carfax that influence a car buyer’s dealer choice and build confidence.

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NewsFebruary 8, 2011

Prestige Financial Services, OnlineBKmanager.com Partner to Assist Subprime Dealers

Prestige Financial Services and www.OnlineBKmanager.com have partnered to help dealers efficiently deliver vehicles and supply financing for bankruptcy customers. Through this alliance, Prestige Financial Services’ Dealers Partners can receive a package discount on www.OnlineBKmanger.com services.

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NewsFebruary 8, 2011

DrivingSales Names 2nd Annual Dealer Satisfaction Award Winners

DrivingSales, the auto industry’s largest car dealer social network, announced on Feb. 4 the winners of the second annual DrivingSales Dealer Satisfaction Awards (formerly the Vendor Ratings Awards).

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NewsFebruary 8, 2011

KBB.com: Traffic Surges for Chrysler 200 Following Super Bowl XLV Ads

Kelley Blue Book, a provider of new-car and used-car information, today reported a huge surge in new-car Web traffic for the all-new Chrysler 200 during Sunday’s highly anticipated Super Bowl XLV matchup between the Green Bay Packers and Pittsburgh Steelers.

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NewsFebruary 8, 2011

NADA Economist: New-Car Sales Headed for Double-Digit Percentage Gains in 2011

Paul Taylor, chief economist of the National Automobile Dealers Association (NADA), said Sunday that new-vehicle sales will reach 12.9 million units in 2011 as consumers benefit from higher trade-in equity and improving credit.

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NewsFebruary 8, 2011

NADA Guide Analyst: Car Shoppers Will Benefit from High Trade-in Values in 2011

Rising consumer confidence, an aging fleet and greater access to credit are key factors that will increase consumer demand for used cars and trucks in 2011, said Jonathan Banks, executive automotive analyst for NADA Used Car Guide.

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NewsFebruary 8, 2011

NADA: Auto Retailing Will Help Lead the Economic Recovery

Ed Tonkin, chairman of the National Automobile Dealers Association (NADA), highlighted several factors that will lead to a strong year in auto retailing, which was the topic of an industry forum held on Feb. 4.

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NewsFebruary 4, 2011

Consumer Bankruptcies Down 22 Percent in January

January consumer bankruptcies decreased 22 percent nationwide from December 2010, according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy Research Center (NBKRC).

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NewsFebruary 3, 2011

Ally Selects NADA Guide for Used-Vehicle Underwriting

The National Automobile Dealers Association (NADA) announced that Ally Financial will utilize vehicle pricing information from the NADA Used Car Guide when underwriting consumer auto contracts in 38 states. The change is effective immediately.

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NewsFebruary 3, 2011

vAuto Partners With Manheim

Through a new partnership, vAuto customers can now source used vehicles available at Manheim operating locations and access Manheim run lists from within vAuto’s proprietary stocking module.

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