More than 22 million Americans access the Internet with mobile devices. That's twice the number from a year ago, says comScore. The most popular categories are news and weather with social networks the fastest growing category.
Vehicle sales are low and unless improved, recovery plans for GM and Chrysler won't work without more government bailout money than $21.6B thus far requested. Auto parts suppliers have now tapped TARP funds for $5B. Ford has yet to need any assistance.
One Manheim auction reports not seeing a favorite 70-year-old bidder from a Ford dealer. A phone call later revealed the longtime bidder decided to stay at the dealership and purchase with online bidding. His story is repeated often as online bidding increases throughout the industry.
As used-vehicle values decline, insurers are writing off more accident vehicles as total losses. Experts say the actual cash value of vehicles dropped 7.3% towards the end of last year. Insurers say they look at totals on a case-by-case basis, not as an across-the-board decision.