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Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,603 per vehicle sold in May 2010, down $28, or 1.1 percent, from April 2010, and down $340, or 11.6 percent, from May 2009.
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Mercedes-Benz Financial is now taking its mobile strategy to the showroom floor by putting the Apple iPad into the hands of its dealers and giving them mobile access to its proprietary point-of-sale dealer system called MB Advantage.
Read More →F&I and Showroom magazine is proud to announce the selection of Tony Wanderon, president of Allstate Dealer Services, as a keynote speaker at the 2010 Vehicle Service Contract Administrators Conference (VSCAC).
Read More →Toyota's recalls continue to have a negative impact on sales activity, according to a recent Cars.com consumer lead index. Leads for Toyota vehicles declined nearly five percent year over year on Cars.com, and interest in the brand's vehicles continues to slip month over month.
Read More →Fitch Ratings upgraded the long-term issuer default rating (IDR) of AmeriCredit Corp. to 'B+' from 'B-' and the senior debt rating to 'BB-/RR3' from 'B/RR3'. The rating outlook is stable. Approximately $532.6 million of debt, at par, is affected by this action.
Read More →A new study released by izmocars, a provider of automotive business solutions, revealed that timing and rich presentations make all the difference when it comes to selling accessories to new-vehicle buyers.
Read More →Chase Auto Finance opened a new Custom Finance office in Pittsburgh to meet the subprime financing needs of auto dealers in western Pennsylvania.
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Software provider DealerTrack Inc. enhanced its compliance solution with the addition of the new Compliance Dashboard tool, which provides an overview of compliance-related activity on a dealership's current deals on a single screen.
Read More →The Federal Trade Commission has delayed enforcement of the Red Flags Rule for a fifth time, extending the deadline to Dec. 31, 2010.
Read More →This month's new-vehicle sales (including fleet sales) are expected to be 1,080,200 units, a 17.9 percent increase from May 2009 and a 10.8 percent increase from April 2010, according to Edmunds.com.
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