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Auto Financeby StaffJune 9, 2011

DealerTrack Canada Adds Desjardins Group to Network

DealerTrack Canada Inc. today announced the addition of Desjardins Group onto the DealerTrack Canada Network. Cooperative financial group Desjardins will now be able to receive electronic credit applications from all of its authorized automotive, RV and powersport dealers throughout Québec.

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Auto Financeby StaffJune 9, 2011

GM Financial Announces $1 Billion Asset-Backed Securities Offering

GM Financial announced the pricing of a $1 billion offering of automobile receivables-backed securities through lead managers Barclays Capital, RBS and Wells Fargo Securities.

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Complianceby StaffJune 8, 2011

DealerTrack Backs Compliance Solution With $25,000 Red Flags Guarantee

DealerTrack announced the company will offer a $25,000 Red Flags Guarantee to cover associated government-issued fines should a dealership be cited for noncompliance with the Red Flags Rule while using the DealerTrack Compliance Solution.

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Digitalby StaffJune 8, 2011

IAS Releases Tablet-Based Software for F&I

IAS announced the release of its tablet-based software program called SmartPad, which uses video and multimedia presentations to engage the customer in additional sales opportunities once they are turned over to F&I .

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F&Iby StaffJune 8, 2011

Key Toyota Plant Resumes Hybrid Battery Production

Toyota Motor Corp.'s hybrid battery affiliate, Primearth EV Energy, has restarted one of three production lines at its plant in Miyagi Prefecture, near the epicenter of the earthquake and tsunami that hit Japan in March, reported by AutoObserver.com.

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Auto Financeby StaffJune 7, 2011

May Sales Reflect Effects of Parts, Production Shortages

May saw sales increases for Chrysler, GM and Mercedes-Benz, while Ford sales stayed consistent with the year-ago period. Due to parts and production shortages in Japan, import brands Honda, Nissan North America and Toyota Motor Sales all saw decreases compared with May 2010 sales.

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F&Iby StaffJune 7, 2011

Hyundai Motor America Launches Accessory Sales Programs

Hyundai Motor America has announced the launch of an in-store accessory sales program to be facilitated through MOBIS Parts America and powered by Insignia Group, LC, which provides accessory sales tools and training.

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Auto Financeby StaffJune 7, 2011

Ally Shifts Top Executives; President Postpones Retirement

As its president delays retirement, Ally Financial shuffled its top management structure late last week as four executives received new appointments. Ally said the changes are meant to leverage the senior leadership capability within the organization as the company continues its “transformation,” including an initial public offering.

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Auto Financeby StaffJune 7, 2011

GM Finance to Offer Floorplan Financing This Year

General Motors Co. said it plans to launch this year a pilot program through its captive lender, GM Financial, to make loans to dealers to buy new vehicles from the company.

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Auto Financeby StaffJune 7, 2011

Charlie Daher's Commonwealth Motors Celebrates 20th Anniversary

Commonwealth Motors is proud to announce it's celebrating 20 years of serving the transportation needs of northern Massachusetts, Southern New Hampshire and Maine.

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