Archive | Auto Industry News

Consumer Credit Rebounds to Pre-Cash for Clunkers Levels

Consumer credit patterns returned to their status quo in September, with interest rates, loan terms and loan-to-value ratios reverting to their pre-Cash for Clunkers (C4C) levels, according to the Federal Reserve’s monthly report. The loan-to-value ratio, which fell to 86 percent in August during C4C, ... Read More » Tags: , , , ,

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Obama Picks Senate Aide Strickland to Oversee NHTSA

President Barack Obama is expected to nominate as early as today a Senate aide as the nation's top auto regulator -- a post that will have a critical impact on vehicle safety regulations, according to The Detroit News. David L. Strickland, 41, is expected to ... Read More » Tags: , ,

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Auto Insurance Industry Opposes Proposed Reform Bill in Michigan

Lansing, Mich. - Michigan's auto insurance industry swiftly rebuffed a 10-bill reform package unveiled by House Democrats on Monday that would turn authority for setting rates over to a state official, reported The Detroit News. Representatives of the Michigan Insurance Coalition, which represents businesses that ... Read More » Tags: , ,

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November Auto Sales to Show Slow Recovery

DETROIT - Major automakers are expected to report flat U.S. auto sales for November from a year ago -- another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year, Reuters reported. The results would support the ... Read More » Tags: ,

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Beijing Automotive Plans to ‘Move Fast’ on GM’s Saab

Beijing Automotive Industry Holding Co. said it will “move fast” on General Motors Co.’s Saab unit after its partner scrapped a bid for the Swedish automaker, Bloomberg News reported. “Stay tuned,” Beijing Auto President Wang Dazong told reporters today in Nanjing, eastern China, when asked ... Read More »

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DataCube Integrates With DealerTrack’s DMS

SWEDESBORO, N.J. — The DataCube, a division of Dominion Dealer Solutions, has formed a partnership with software provider DealerTrack, and created the integrated solution OpenTrack software, which interfaces with the DealerTrack Dealer Management System (DMS). Using its OpenTrack integration solution, DealerTrack will provide The DataCube ... Read More » Tags: , , ,

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