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Autodata Solutions and DriveItNow have partnered to provide a pre-qualified payment tool that incorporates quoting functionality and OEM incentive data.
Read More →Ford Motor Company and Toyota Motor Corporation announced plans to jointly develop a hybrid powertrain system for light trucks and SUVs. The agreement, expected to be finalized next year, will allow both companies to speed up the delivery of more affordable hybrid systems.
Read More →The national 60-day delinquency rate for auto loans fell for the seventh consecutive quarter, dropping to 0.44 percent at the end of the second quarter, TransUnion reported today.
Read More →DealerTrack Holdings Inc. announced on Monday that it has signed an agreement to sell its wholly owned subsidiary, ALG Inc., to TrueCar Inc. The deal includes a perpetual, royalty-free license for DealerTrack to use cetain ALG intellectual property and data in its products and services.
Read More →New-vehicle sales continue to increase, but they are doing so at a slower pace. Volume remains flat, and manufacturers continue to be conservative with incentives, according to J.D. Power and Associates.
Read More →Falling from 1.29 percent to 1.27, the auto loan default rate continued to improve along with other credit categories in July, according to the S&P/Experian Consumer Credit Default Indices.
Read More →TrueCar rolled out its list of 2011 vehicle models with the highest and lowest Price Flex Scores.
Read More →Vehicle service contract provider Charter Warranty has announced the launch of “Save-A-Deal,” a new program designed to offer dealers a new option for financing F&I products.
Read More →The Blackstone Group has acquired Exeter Finance Corp. from Navigation Capital Partners. The specialty auto finance company also secured a new line of credit that will help grow its loan portfolio and expand its branch network.
Read More →GSFSGroup has named the former national sales director for Allstate Dealer Service to its top sales post. The F&I product provider also appointed a new vice president for its Gulf States Division.
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