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Compliance•by Staff•January 5, 2012

Obama Appoints Cordray as CFPB Director

President Obama appointed Richard Cordray as director of the Consumer Financial Protection Bureau yesterday.

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Auto Finance•by Staff•January 5, 2012

Honda Fit Tops Best New-Car Value List, Says Consumer Reports

Despite the influx of new vehicles into the small- and budget-car marketplace, Consumer Reports said the Honda Fit remains on top in its list of best-value small cars.

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Auto Finance•by Staff•January 5, 2012

U.S. Automakers Well Positioned for 2012, Fitch Says

Fitch Ratings said it expects the financial profiles of U.S. automakers and parts suppliers to remain strong in 2012 despite sluggish global economic growth and weaker-than-expected North American light-vehicle demand.

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Auto Finance•by Staff•January 5, 2012

TFS to Launch Lease Wear-and-Tear Product

A Toyota Financial Services (TFS) official confirmed that the captive finance company expects to release a wear-and-tear lease product for its dealers within the next month or so.

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Auto Finance•by Staff•January 5, 2012

Saab Dealer Prepares for Brand’s Shuttering

Less than three weeks after completing a major consumer contest to move 100 vehicles in one month, Saab of North Olmsted is preparing to close it's doors after Saab Automobile filed for bankruptcy on Dec. 19.

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Auto Finance•by Staff•January 3, 2012

Autobytel Names Hyundai Veloster 2012 Car of the Year

Autobytel Inc. crowned the Hyundai Veloster as its 2012 Car of the Year thanks to aggressive styling and the vehicle’s appeal with a wide variety of consumers.

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Digital•by Staff•January 3, 2012

DealerPlatform.com Launches Online Inventory Posting Solution

DealerPlatform.com launched its “3 Steps, 5 Minutes To A New Dealer Website” product, which is designed to assist small to mid-sized auto dealers in automating and moving inventory online.

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Auto Finance•by Staff•January 3, 2012

AutoMotionTV Adds Service Scheduling to Mobile App

AutoMotionTV’s dealer app now features a service scheduling function that enables dealers to push service notification messages to customers.

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Auto Finance•by Staff•January 3, 2012

Global Sales to Reach 77.7 Million Units in 2012, Polk Predicts

Polk said it expects worldwide new-vehicle sales in 2012 to rise 6.7 percent over 2011 volumes to 77.7 million vehicles.

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Auto Finance•by Staff•January 3, 2012

ACC Reports 12 Percent Increase in 2011 Business

Automotive Compliance Consultants added 50 new dealership clients in the last six months and experienced a 12 percent increase in business last year.

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