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A survey from Chrome Systems Inc. revealed that nearly 25 percent of consumers with Internet-enabled mobile devices used their device to research or shop for a car.
Read More →Facebook is driving just as much traffic to automaker Websites as sites like AutoTrader.com, Cars.com and Edmunds.com, according to a new report from J.D Power and Associates and Compete Inc.
Read More →Lithia Motors Inc.’s new $200 million three-year revolving syndicated credit facility will provide $100 million for new-vehicle floorplan financing and $100 million for general corporate purposes.
Read More →New-vehicle loan originations were up 15 percent in the first half compared to the same period last year, according to Equifax.
Read More →An emerging trend shows that more than 100 used 2011 models on the market have a retail value that surpasses their current MSRP price, according to NADAguides.
Read More →First-half credit growth outpaced the first half of 2010 by $43 billion, with the automotive segment being one of the key drivers, according to Equifax’s National Credit Trends Report.
Read More →Andrew Stuart, a 20-year veteran of the automotive industry, will take over as president of VW Credit. The appointment takes effect in January.
Read More →ADP Dealer Services, a division of Automatic Data Processing Inc., has approved another group of third-party vendors through its ADP Third Party Access Program.
Read More →Gov. Jerry Brown signed legislation on Sept. 26 that will allow California auto dealers to raise document fees by at least $25.
Read More →Nearly 75 percent of dealers surveyed by AutoUSA say they will either spend as much as planned or more this year on Internet marketing.
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