Kelley Blue Book’s Kbb.com released its list of Top 10 Family Cars of 2011 late last week, evaluating vehicles across such family-friendly metrics as safety, comfort, economy of operation, child-friendliness, how reasonable the purchase price is and the strength of the vehicle’s resale value. Six different OEMs were represented, with Chrysler,  Ford, General Motors and […] [Read More]

Since auto finance and recovery industry professionals still seem to consistently ask a variety of questions about license-plate recognition technology, Auto Remarketing recently did a Q&A with Scott Jackson, founder and chief executive officer of MVTRAC. Jackson’s company is one of the largest LPR providers to the repossession industry. He considered four questions: How Does LPR Make Agencies More […] [Read More]

Canada’s fourth-quarter auto delinquency rate showed a modest sequential drop as well as falling substantially on a year-over-year basis, according to the latest analysis from TransUnion. The company went on to report that the aggregate amount of auto debt for the country fell, while the auto debt per borrower climbed, leading TransUnion to suggest that this points […] [Read More]

KAR Auction Services chief executive officer Jim Hallett challenged his management team in 2010 with a long list of objectives. In sharing how the company grew its income and revenue year-over-year, Hallett mentioned one of these goals and immediately followed by saying, “and we did." “As I reflect on 2010, I’m very proud of the […] [Read More]

Touting a rather robust fourth quarter and an all-time high for full-year profit, Dollar Thrifty said it closed 2010 with its eighth straight quarter of double-digit year-over-year corporate adjusted EBITDA gains. Specifically, quarterly corporate adjusted EBITDA came in at $30.2 million, up more than 15 percent year-over-year. “This quarter marks our eighth consecutive quarter of […] [Read More]

Should dealers rush out to fill their inventories with fuel-efficient models because of this week’s gas price movements? Maybe not, if reasoning from Edmunds.com has merit. The company stressed that the biggest one-day gain for oil prices in more than two years may focus more of America’s attention on rising fuel costs. But site analysts […] [Read More]

Hertz Global Holdings closed 2010 with quite a fourth-quarter financial turnaround, making significant improvements in adjusted pre-tax income, adjusted net income and worldwide revenue. Along with speculating on how this year might unfold, the company shared this week that its fourth-quarter worldwide revenues came in at $1.8 billion, an increase of 5.5 percent year-over-year or […] [Read More]

What has Forbes found to be the most value-packed cars? In the midst of rising gas prices, leading the pack on the list from Forbes were compact cars. In fact, this segment was represented by vehicles in three of the top four spots, including the No. 1 model on the list: the Mazda2. The Nissan […] [Read More]

Canadian auto finance company RIFCO recently announced record financial results for the third quarter ending Dec. 31, 2010, including record revenue, record net income, record loan originations, record managed assets, record low interest costs, record book value per share and a record of $90 million in available credit facilities. The company also noted that it […] [Read More]

TrueCar.com’s February used-vehicle sales forecast looked mixed when compared to the previous month as well as how the industry performed a year ago. Site analysts believe February used-vehicle sales will total 1,710,750 units, a figure that combines the activities of franchise and independent dealerships as well as private party sales. That total would mark a […] [Read More]