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Mercedes-Benz Financial Services is nearing completion of the first stage of its "eStrategy" initiative, as company officials said they expect the percentage of dealers eligible to integrate a full electronic contract data validation system into their dealer management system (DMS) to reach 100 percent in the first quarter of 2011.
Read More →DealerTrack Holdings Inc. has acquired auto title management provider triVIN, the company announced on Monday. DealerTrack will pay approximately $131 million, net of any cash acquired, and the transaction will be financed with existing cash.
Read More →Westlake Financial Services reported that it experienced improvement in resale values last year, as the subprime auto finance company experienced a 30 percent year-over-year gain in values in 2010 after a flat 2009.
Read More →Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. market was $2,528 per vehicle sold in December 2010, up $64, or 2.6 percent, from November 2010, but down $26, or 1.0 percent, from December 2009.
Read More →DataScan Field Services was selected by Clubb Finance Corporation to provide floorplan verification services for its dealer networks across Canada.
Read More →Finance Express, a provider of Web-based financial services for independent dealerships, has created a solution to help dealers comply with the Federal Trade Commission (FTC)'s Risk-Based Pricing (RBP) Rule and new privacy policy, which became effective Jan. 1.
Read More →Kia Motors America (KMA) and OneCommand have launched the Kia Owner Retention Experience (KORE), an automated, multi-channel marketing solution Kia dealers can use to increase buyer loyalty.
Read More →Despite three automakers reporting sales gains and the world’s largest retail association predicting that December will see the biggest increase in spending since 2006, the Conference Board reported that consumer confidence dipped in the year-end month for the first time in two months.
Read More →Reflecting on 2010, Edmunds.com said the industry experienced another year of ups and downs. The automotive information site also highlighted the key trends from last year.
Read More →TrueCar.com estimated today that the average transaction price for light vehicles in the United States was $29,358 in December 2010, down $276 (0.9 percent) from December 2009 and down $95 (0.3 percent) from November 2010.
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