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F&I•by Staff•May 11, 2010

Dealer Training Firm Offers Free Webinar Series on Social Media

Next Generation Dealer Services, a dealership training firm specializing in social media, will host a series of free Webinars starting Friday, May 14, at 12 p.m. EST.

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Auto Finance•by Staff•May 11, 2010

Consumer Credit Rises; Interest Rates Dip, Federal Reserve Says

Consumer credit rebounded in March to an annual rate of 1 percent after it decreased in February to an annual rate of 3 percent, according to the Federal Reserve’s monthly report.

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Auto Finance•by Staff•May 11, 2010

Auto Affordability Drops as Economy Improves

The purchase and financing of an average-priced new vehicle took 23.4 weeks of median family income in the first quarter of 2010, according to Comerica Bank's Auto Affordability Index.

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F&I•by Staff•May 11, 2010

Reynolds Adds Real-Time Inventory Updates for Dealership Websites

The Reynolds and Reynolds Company today announced the availability of real-time inventory updates for customers using the Reynolds ERA dealership management system (DMS), as well as its Web Solutions products and services.

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Auto Finance•by Staff•May 11, 2010

Ally Financial Names Chief Administrative Officer

Ally Financial Inc. (Ally) today announced that Barbara Yastine was appointed to the newly created role of chief administrative officer, effective immediately. She replaces Samuel Ramsey, chief risk officer, who elected to leave the company for personal reasons, but will remain with Ally until May 31, 2010.

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F&I•by Staff•May 10, 2010

DealerTrack Reports 1Q Loss of $2.5 Million

DealerTrack Holdings Inc. reported first-quarter revenue of $56.8 million, up from $55.7 million in the year-ago period.

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F&I•by Staff•May 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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F&I•by Staff•May 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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F&I•by Staff•May 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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F&I•by Staff•May 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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