BANDON – After floor traffic and closing ratios softened considerably at the halfway point of April, CNW predicted that things would turn around during the last 10 days of the month. Today, the market research firm reported that the uptick never happened. Floor Traffic for the month grew at a 1.5 percent rate vs. the … Read More »

ATLANTA – The credit landscape continues its consistent recovery heading into the second quarter of 2012, with the exception of home finance, according to Equifax’s March National Consumer Credit Trends Report. At the end of the first quarter, U.S. consumer debt was at $10.9 trillion, down more than 11 percent from its peak of $12.4 … Read More »

HANOVER – Hudson Cook, LLP, a provider of legal compliance services for the financial services industry, announced the addition of Joel Winston as a partner in its Washington, DC office. Mr. Winston brings over 35 years experience in all aspects of consumer finance law and public policy with special emphasis on privacy, identity theft, data … Read More »

U.S. auto sales continued at a brisk pace in April although the total volume of vehicles sold increased only slightly due to a quirk in the calendar, lower sales to rental fleets and weaker deliveries from General Motors Co. and Ford Motor Co. Annualized sales were at a 14.4 million pace, according to researcher Autodata … Read More »

SCOTTSDALE – Jay Sharpnack has been appointed to the newly created position of national sales manager for CNA National Warranty Corporation, effective immediately. Sharpnack joined CNA National in April 2010 after establishing a successful career including corporate, managerial and sales positions in the automotive industry. In this new position Sharpnack will be responsible for managing … Read More »

BLOOMFIELD HILLS – Fueled by an 18.1 percent increase in total retail sales, Penske Automotive Group achieved it most profitable first quarter in company history, the international dealer group reported yesterday. Income from continuing operations increased 37.3 percent to $50 million, while revenue increased 17.9 percent to $3.2 billion. Nearly half of teh company’s revenue … Read More »