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NewsSeptember 7, 2010

Santander Completes Acquisition of HSBC’s Auto Loan Business

HSBC Holdings PLC, a UK-based provider of banking and financial services, has sold its remaining U.S. consumer auto finance business for $3.56 billion in cash to Santander Consumer USA Inc.

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NewsSeptember 7, 2010

CarLocate.com Goes Mobile

CarLocate.com, part of The Reynolds and Reynolds Company, can now be viewed on any Web-enabled phone and on any carrier, the company announced last week.

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NewsSeptember 7, 2010

Strong Consumer Interest in Purchase of Green Cars, Autobytel Says

When it comes to new-car purchases, consumers who are concerned with environmental responsibility and economic stability believe they can meet their needs with the purchase of a green car, according to Autobytel’s recent "What’s Hot Now" report.

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NewsSeptember 7, 2010

BMW Offers Incentive for Users of MPi’s Fixed-Ops Solution

Software provider Mobile Productivity Inc. announced that BMW of North America will support the use of MPi’s “World Class Inspection” system in BMW Centers in the United States and has launched a special incentive program for centers that enroll with MPi.

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NewsSeptember 7, 2010

Auto/Mate eBook Provides “10 Steps” on DMS Data Conversion

Auto/Mate has released a new eBook called, “The Auto Dealer’s 10-Step Guide for a Successful DMS Data Conversion,” which is designed to help dealers set up processes that will reduce complications associated with data conversions, regardless of which DMS vendor the dealer is switching to or from.

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NewsSeptember 7, 2010

Compli Releases New HR Software Solution

Compli, a provider of human resources and compliance management software, has released Compli 6.5, a program that manages the entire employment lifecycle.

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NewsSeptember 2, 2010

Incentives Up Nearly 10 Percent One Year After 'Cash for Clunkers'

Edmunds.com estimated that the average new-car incentive in the United States was $2,681 per vehicle sold in August 2010, down $84, or 3 percent, from July 2010, and up $225, or 9.2 percent, from August 2009.

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NewsSeptember 1, 2010

Chevrolet Dealers Urged to Stock Civics, Corollas as Cruze Launch Nears

The Chevrolet Cruze is due to hit showrooms by the end of this month, and General Motors Co. is confident it will make waves in the small-car market — so confident, in fact, the OEM is urging Chevrolet dealers to keep a 2011 Honda Civic and Toyota Corolla on their lots for comparison test drives.

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NewsAugust 31, 2010

Auto Sales Drive Rise in Consumer Spending

Fueled by a 1.6 percent increase in vehicle sales in July, the segment that accounts for up to 70 percent of the nation’s economic activity jumped out to its fastest pace in four months.

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NewsAugust 31, 2010

Auto Loan ABS Performance Follows Seasonal Downshift

The performance of U.S. auto loan ABS is starting to exhibit seasonal negative trends, according to the auto loan ABS indices results from Fitch Ratings.

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