During a conference call with investors discussing its fourth quarter earnings results last week, GM Financial tipped its hand on some upcoming plans it has for Canada. While declining Auto Remarketing Canada’s request for specifics, the lender said it will start offering General Motors dealers non-prime lending in Canada later this year. [Read More]

The agenda for the 2012 Auto Remarketing Canada conference presented by CarProof is now officially live on the event’s website, organizers announced today. In addition to rolling out the offiicial agenda, the conference shared some more details about one of the speakers set for this year’s lineup, Paul Potratz. Explaining what he will cover, officials […] [Read More]

While also explaining its chief executive officer succession plan on Wednesday, Lithia Motors detailed results from a period that produced its best fourth-quarter net income ever in addition to used-vehicle sales that soared double digits. Specifically, the company sold 10,092 retail used vehicles during the period for a 24.5-percent year-over-year gain. Wholesale used sales increased […] [Read More]

Habitat for Humanity Detroit has gotten the ball rolling on a $25 million city revitalization project thanks in large part to the generosity of a Big 3 chief executive. Donating a $1 million personal gift to the “Leaders to ReBuild Detroit” initiative was the top boss of General Motors, Dan Akerson. The aim of the three-year […] [Read More]

Nissan North America revealed Monday it has chosen a new marketing director to “enhance” its brand power, among other responsibilities. Tapped for the position is Vinay Shahani, whose full title will be director of marketing communications and media for Nissan North America. The change is effective April 1. In his new role, the company noted […] [Read More]

On Tuesday, Dealer Services Corp., of Indiana promoted one of its executives to the newly created position of vice president of customer service.   Taking on the role is Randy Dohse, who previously held the position of regional director. The company indicated Dohse will be responsible for all customer service functions including dealer services, auction […] [Read More]

Bishop Fleet Optimization — a company specializing in GPS vehicle audits to help companies right-size their fleets — has hired former SmartAuction and FLD executive Grace Appleton to be the company’s vice president of business development for North America. Appleton has worked in the auto business for more than 20 years, including positions where she […] [Read More]

Counting a healthy used-car market as one of the factors helping its success in 2011, Dollar Thrifty Automotive Group notched its most profitable full-year and fourth-quarter ever. Commenting on the latest yearly and quarterly earnings report released Tuesday, Dollar Thrifty chairman, president and chief executive officer Scott Thompson said: “We are pleased to announce that […] [Read More]

When a shopper buys a new-vehicle these days, the person will typically keep the car close to six years, according to Polk, which said vehicle ownership periods have never been this high. In examining vehicle registration data for the third quarter of 2011, Polk found that consumers are now holding on to vehicles they purchased as new […] [Read More]

The Consumer Financial Protection Bureau recently announced a proposed rule to include debt collectors and consumer reporting agencies under its nonbank supervision program — marking the first time these consumer financial market participants are subject to federal supervision. The Dodd-Frank Wall Street Reform and Consumer Protection Act, which created the CFPB, authorizes the CFPB to […] [Read More]