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NewsJuly 9, 2010

Chase Opens Auto Finance Office in Virginia

Chase Auto Finance recently opened a full-service Custom Finance Business Center in Richmond, Va., to help dealers provide financing solutions for subprime customers.

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NewsJuly 9, 2010

GPO Federal Credit Union to Offer AFG's Financing Product

Auto Financial Group, an online provider of residual-based financing products for credit unions, signed an agreement with GPO Federal Credit Union under which GPO will offer AFG’s DrivingSense as both a direct and an indirect lending option.

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NewsJuly 9, 2010

Open Dealer Exchange Partners With Teledata Communications

Open Dealer Exchange LLC formed an agreement with Hauppauge, New York-based Teledata Communications Inc. (TCI) to provide direct integration services with the loan origination system (LOS) provider’s DecisionLender solution.

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NewsJuly 6, 2010

Hyundai Highlights June Sales Report

Month-to-month retail sales did slow down, but the picture is much brighter on a year-over-year basis, with all domestic and foreign automakers reporting YOY sales increases for the first six months of 2010.

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NewsJuly 6, 2010

Bankruptcy Filings Up 14 Percent

U.S. consumer bankruptcy filings totaled 770,117 nationwide during the first six months of 2010, a 14 percent increase from the year-ago period, according to the American Bankruptcy Institute (ABI).

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NewsJuly 6, 2010

Mazda Rolls Out CPO Program; Gets New Retail Strategist

A day after launching its new Certified Pre-Owned (CPO) program last Thursday, Mazda North American Operation announced the appointment of Mike Nakashima to the newly created position of director of retail strategy. The former director of marketing officially assumed his new role on May 1.

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NewsJuly 6, 2010

Chrysler Begins Establishing Fiat Dealer Network

Chrysler Group LLC has begun the dealer selection process for the reintroduction of the Fiat brand in the United States.

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NewsJuly 6, 2010

Repair Assurance Offers Advocate Service for Consumers

Vision Marketing Group introduces “Repair Assurance,” a vehicle service agreement that provides consumers with an advocacy service to represent them when dealing with auto repair facilities or warranty companies.

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NewsJuly 6, 2010

DealerTrack to Sell Experian Automotive’s AutoCount Reports

Software provider DealerTrack Inc. struck an agreement with Experian Automotive to serve as a value-added reseller for Experian’s AutoCount market share reports.

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NewsJuly 6, 2010

Incentives Flat in June as Automakers Struggle, Edmunds.com Says

Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,661 per vehicle sold in June 2010, down $36, or 1.3 percent, from May 2010, and down $196, or 6.9 percent, from June 2009.

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