There is no vehicle, industry-wide, that has a stronger residual value forecast than the Toyota Tacoma, according to ALG. But there is one automaker, in particular, that aims to “take on” this residual kingpin with its pair of model-year 2015 midsize pickup launches. That would be General Motors and its 2015 Chevrolet Colorado/GMC Canyon duo. […] [Read More]

Steady is as good an adjective as any to describe credit approval trends in connection to vehicle leases last month, according to data reported on Tuesday by Swapalease.com. Site officials said credit approvals came in relatively unchanged in October compared with the previous month. The year-to-date approvals for customer credit finished October at 72.8 percent, […] [Read More]

ACA International, the Association of Credit and Collection Professionals, recapped why two U.S. District Courts examined messages left for consumers and third parties and found the messages were not communications under the Fair Debt Collection Practices Act. “The issue of leaving messages for consumers continues to receive scrutiny in the courts,” ACA officials said. “While […] [Read More]

ALG announced the winners of its 14th annual Residual Value Awards on Monday, and while a repeat winner topped the Mainstream Brand category, a seven-year streak was broken on the Premium Brand side. For the first time since 2005, a non-Japanese brand took top honors among premium brands, as Mercedes-Benz earned this distinction for 2013. […] [Read More]

Not only are Americans getting the snow tire chains out, but they may also be heading to the lots for a more reliable winter-weather vehicle. With winter temperatures setting in across the country, the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com, shows “trucks and SUVs are in […] [Read More]

Toyota has announced a $250,000 donation to the American Red Cross to support relief efforts for victims of Super Typhoon Haiyan in the Philippines. The announcement, along with a previously announced pledge of 10 million Philippine pesos by TMC, Toyota Motor Philippines and Toyota Financial Services, brings Toyota’s total contributions to nearly $500,000 USD. In addition, […] [Read More]

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Hertz Global Holdings Inc. revealed it has chosen a new director. The board of directors of Hertz and The Hertz Corp. announced Thursday Philippe Laffont has been elected as director. Laffont is the founder and chief investment officer of Coatue Management, an investment management firm founded in 1999.  Prior to founding Coatue, Laffont worked at […] [Read More]

Black Book revealed its newest product on Wednesday — a valuation tool the company says allows lenders to analyze vehicle values in real time. Collateral Insight Engine compiles historical, current, and projected vehicle values, and can also analyze collateral performance and create custom views that meet specific lender portfolio needs, the company said. The new […] [Read More]

Outstanding auto loan balances have reached a record high, Experian Automotive announced on Wednesday, their highest since the company began publicly reporting the data seven years ago. According to Experian’s latest State of the Automotive Finance Market report, outstanding balances on automotive loans reached $782.9 billion, up $103 billion from Q3 2012. In other positive […] [Read More]