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Auto Finance•by Staff•January 10, 2012

Hyundai Elantra Crowned 2012 Car of the Year

The 2012 Hyundai Elantra was named 2012 North American Car of the Year at the 2012 North American International Auto Show.

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Auto Finance•by Staff•January 10, 2012

Surety Group Launches Streamlined Florida Car-Dealer Bond Program

The Surety Group announced it has simplified its bond programs for Florida auto dealers who need a Florida Motor Vehicle Dealer Bond.

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Auto Finance•by Staff•January 10, 2012

CNA National Names New Regional VP

CNA National announced that Mark Wheeler was appointed regional vice president.

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Compliance•by Staff•January 10, 2012

Virginia Dealer Board Says TrueCar Violates Licensing Laws

The Virginia motor vehicle dealer board ruled yesterday that TrueCar’s business model is in violation of the state’s dealer licensing laws, which prohibit third-party services from acting on behalf of the dealer in the sale of a motor vehicle.

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Auto Finance•by Staff•January 10, 2012

RedBumper to Launch Mobile Inventory System

RedBumper announced that it will unveil a mobile inventory management system at the 2012 NADA & ATD Convention and Expo.

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Auto Finance•by Staff•January 10, 2012

New Marketing Service Launches for Dealers and Finance Sources

Direct Credit Marketing Inc. is a newly launched company aimed at helping finance sources, dealers, and credit unions select the best method of marketing for their individual needs.

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F&I•by Staff•January 10, 2012

Arroyo to Reprise Role as Chair of Agent Summit Advisory Board

Organizers of Agent Summit 2012 announced that Gregory Arroyo, executive editor of F&I and Showroom magazine, has agreed to return as advisory board chair for the second annual event.

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Auto Finance•by Staff•January 5, 2012

Industry Likely Ended 2011 at 12.8 Million Units

Autodata Corp. estimated that U.S. auto sales reached 12.8 million units last year, marking the best year for auto sales since 2008 if the stat holds. Big winners were General Motors, Ford and Chrysler, with GM reclaiming the top spot in world vehicle sales two years after it emerged from its U.S.-backed bankruptcy.

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Auto Finance•by Staff•January 5, 2012

December Sales Jumped 10 Percent, Says NADA Economist

The Detroit 3 auto manufacturers held a key inventory advantage over their competitors, which led to higher U.S. new-car and light-truck sales in December, according to Paul Taylor, chief economist of the National Automobile Dealers Association (NADA).

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Auto Finance•by Staff•January 5, 2012

Bankruptcy Filings Declined 12 Percent in 2011, ABI Reports

The American Bankruptcy Institute (ABI) reported that total bankruptcy filings in the United States decreased 12 percent in 2011.

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