Late last week, Auto Remarketing and SubPrime Auto Finance News confirmed retirement and succession plans for TD Auto Finance’s chief executive officer. Company spokesperson Mohammed Nakhooda indicated that after a 39-year career in the industry, Tom Gilman has decided to retire effective July 30. “Until his retirement, he’s agreed to remain available with us as […] [Read More]

Low loan default rates and high prices on repossessions are factors in one vehicle leasing company’s decision to suspend lease originations. LEAP Financial on Thursday announced it is suspending originations of leases due to capital constraints. Company officials said attempts to source capital over the last few months did not result in completing a transaction […] [Read More]

With the recent launch of the Consumer Financial Protection Bureau, and legislation arising right and left that will further regulate used-car dealers, not surprisingly, the Federal Trade Commission is receiving more complaints from consumers. What issues are on the top of their lists? Well, according to a report from Fox Business, auto-related problems came in […] [Read More]

As the early part of spring came to a close, Canadian dealers’ were making a bit larger of a profit on their used-car sales, according to analysts at J.D. Power and Associates. In fact, dealer profitability for used cars rose from just under $1,500 to right above that mark this past April. Specifically, gross profit […] [Read More]

A Google Analytics report on May search activity at AutoTrader.ca determined Canadian consumers took a great interest in trucks last month. Of the top 10 vehicles or brands pored over by shoppers, half were full-size or compact pickups. And topping the chart was the Ford F-150. Also among the top activity generators were the Ram […] [Read More]

The overall retail sales market for dealers examined by the Federal Reserve in its most recent reporting period appeared fairly positive, and for the districts sharing insight on used-vehicle sales, the environment is a solid one. In its latest Beige Book report, Fed pointed out rather stable used-vehicle sales, as well as a robust new-car […] [Read More]

A shortage of used commercial vehicles could be impacting the industry according to the latest analysis by Polk, with registrations down across all used gross vehicle weight sectors. On Wednesday, Polk reported that used commercial vehicle registrations (GVW 3-8) declined by 26.7 percent to 164,024 units in the U.S. during the first quarter of 2012, […] [Read More]

In the near future, businesses in the fleet car leasing industry might have to change their tactics, according to a recent report from IBISWorld.  [Read More]

Mudd Advertising, Allied Solutions and Auto Financial Group have teamed up to offer a residual-based finance tool that aims to demonstrate what the companies believe to be the benefits of a 24- or 36-month balloon finance alternative. Among other benefits, officials contend the new iAutopayment RBF can help dealers keep customer loyalty steady and maintaining […] [Read More]

LEAP Financial, a vehicle leasing company that serves consumers who have difficulty obtaining credit and aims to help finance companies improve recoveries, recently announced the results of its most recent customer satisfaction survey. LEAP asked customers to rate their overall satisfaction with its services using a scale of 1 to 5, with 1 being “not […] [Read More]