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NewsNovember 29, 2010

Seasonal Sales Decrease in November Keeps Sales Pace at 12.2 Million

This month's new-car sales (including fleet sales) are expected to be approximately 865,500 units, a 17 percent increase from November 2009 but a 8.1 percent decrease from October 2010, according to Edmunds.com.

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NewsNovember 23, 2010

First Details Emerge for Agent Summit

Sources close to both organizations are reporting that F&I and Showroom and Agent Entrepreneur’s collaborative effort to launch an agents-only conference is nearing fruition.

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NewsNovember 23, 2010

Chrysler ‘Showcase’ Dealership Set to Open in Downtown Los Angeles

Visitors to this year’s L.A. Auto Show were treated to the debut of a number of new models and concept vehicles in the cavernous confines of the Los Angeles Convention Center. A few blocks to the south, another attraction awaited visitors: a “showcase” dealership that will house all four of Chrysler LLC’s vehicle brands, as well as a Mopar-branded service center and a FIAT franchise.

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NewsNovember 23, 2010

New Mexico Dealer Charged With Forgery

The 70-year-old former owner of Valley Auto Sales in Las Cruses, N.M., was arrested last week on 17 counts of forgery.

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NewsNovember 23, 2010

TrueCar.com Forecasts Sales, Incentives Spending for November

TrueCar.com reported today that it expects new light-vehicle sales (including fleet) to be 868,283 units, up 16 percent from November 2009 and a decrease of almost 9 percent from October 2010 (on an unadjusted basis).

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NewsNovember 23, 2010

Bank of America Launches Car-Buying Site

Bank of America rolled out today a new online shopping site for new and used vehicles that links prospective buyers to the bank’s certified dealers.

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NewsNovember 23, 2010

CoreLogic Credco Offers Compliance Solution for Risk-Based Pricing Rule

CoreLogic Credco is offering the Credit Score Disclosure Exception report as a compliance solution for the Risk-Based Pricing regulation.

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NewsNovember 16, 2010

Auto Loan Default Rate Declines in October, Reports S&P/Experian

The default rate for auto loans declined 1.92 percent in October, the Standard & Poor’s/Experian Consumer Credit Default Indices revealed.

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NewsNovember 16, 2010

October Auto Sales Drive U.S. Retail Sales

The solid performance of auto sales in October helped U.S. retail sales grow at their strongest rate since March 2010. Excluding auto sales, the gains were modest, the Commerce Department’s U.S. Census Bureau reported Monday.

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NewsNovember 16, 2010

Comerica Bank: Auto Affordability Improves in Q3

The purchase and financing of an average priced new vehicle took 23.8 weeks of median family income in the third quarter 2010, according to Comerica Bank’s Auto Affordability Index.

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