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NewsMay 6, 2010

Toyota Still Leads Buyer Loyalty, but Loses Ground

Edmunds.com reports that Toyota loyalty faded slightly in the first quarter of 2010, but the Japanese automaker still remains the strongest in the auto industry.

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NewsMay 6, 2010

April Consumer Bankruptcy Filings Up 15 Percent From 2009

There were 144,490 consumer bankruptcies filed in April, a 15 percent increase nationwide over the 125,618 filings recorded in the year-ago period, according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy Research Center (NBKRC).

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NewsMay 6, 2010

Warrantech Offers Free Warranty Coverage on Used-Car Purchases

Warrantech Automotive, a provider of service contracts and aftermarket warranties, will provide a free powertrain warranty on qualified used-car purchases made on EveryCarListed.com through a new exclusive program.

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NewsMay 6, 2010

NAC Joins OptionSoft Menu Provider Platform

NAC (formerly National Auto Care), a provider and administrator of vehicle service contract products and services, has joined OptionSoft’s menu provider platform.

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NewsMay 4, 2010

GMAC Swings to First Profit in 11 Quarters

With its strategy to plug up its leaking mortgage unit taking hold, GMAC Financial Services swung to its first profitable quarter since the fourth quarter of 2008. The company also announced its intention to change its name on May 10, with company officials saying the focus going forward will center on the lender’s auto franchise.

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NewsMay 4, 2010

F&I Names JM&A’s Forrest Heathcott as Keynote Speaker for 2010 Conference

F&I and Showroom magazine is proud to announce the selection of Forrest Heathcott, president of JM&A Group and executive vice president of JM Family Enterprises, as a keynote speaker for the 2010 F&I Conference and Expo.

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NewsMay 4, 2010

Credit Acceptance Increases Revenue, Adds Dealers

Subprime lender Credit Acceptance Corp. reported year-over-year improvements in net income and revenue for the first quarter of 2010. The company also added several new dealer partners and reported gains in loan volume and average loan volume per dealer.

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NewsMay 4, 2010

Automakers Post Strong April Sales

Retail auto sales continued their strong performance in April, as all domestic and foreign automakers reported increases in their sales volumes.

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NewsMay 3, 2010

Sales and Networking Summit Set for Chicago

Today’s Dealer Solutions, a training and solutions provider, will present the Championship Sales and Networking Summit in Chicago on May 18-19. This event will have a split curriculum tackling issues related to sales and networking processes. Headlining the two-day event are trainers John Lane and David Johnson.

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NewsMay 3, 2010

Exeter Finance Gets $100 Million Credit Line

Finance company Exeter Finance Corp. secured a $100 million line of credit with Wells Fargo Bank N.A. The credit facility will provide substantial capital for the growth of Exeter's loan portfolio and enable expansion of its branch network this year.

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