The results of the American Recovery Association and Subprime Analytics first-ever Recovery Industry Scorecard are now in. This analysis reveals trends in both voluntary as well as involuntary repossessions and covers 25 states.   [Read More]

The Internet Car and Truck of the Year awards were revealed last week during the New England International Auto Show, and in some good news for the Big 3, all of the honors went to domestic models. The awards consist of four categories: the Car of the Year and Truck of the Year awards as […] [Read More]

A feature that’s now optional equipment on some new models — rear-mounted video cameras — appears to be on the way to becoming a mandatory device. The leaders of the U.S. Department of Transportation and the National Highway Traffic Safety Administration revealed a proposal last week that also outlined a schedule for these cameras and […] [Read More]

The over-allotment portion of General Motors’ recent initial public offering brought the U.S. Treasury additional net proceeds of $1.8 billion, which is on top of the $11.7 billion the Treasury pulled in from the initial sale, the department revealed late last week. As such, the Treasury netted $13.5 million overall in proceeds from the GM IPO. [Read More]

RouteOne Canada recently revealed that it has added another lender to its online credit application management system. Coming aboard was BMO Bank of Montreal, which is an operating division of BMO Financial Group. “RouteOne Canada is extremely pleased to have BMO Bank of Montreal, one of the premier lenders in Canada, join the RouteOne platform,” shared RouteOne Canada […] [Read More]

In what appears to be some good news for the Canadian vehicle finance industry, delinquencies on auto loans in Canada during the third quarter dipped “noticeably” compared to the same period of 2009 and were basically flat on a sequential basis, according to TransUnion’s analysis of auto lending and credit card trends. Auto borrower debt […] [Read More]

Asbury Automotive Group announced Thursday that it has officially closed its Greenville Automotive Group purchase. Moreover, in addition to completing a stock repurchase, the automotive group revealed it is planning to sell its heavy-truck business. [Read More]

Edmunds.com reported Wednesday that automakers spent marginally more on November incentives than they did during the previous month, but the average wasn’t nearly as much as what the manufacturers handed out a year ago. Site analysts discovered Wednesday that the average incentive in the U.S. was $2,470 per vehicle sold in November. They said that amount was […] [Read More]

The rising demand for used vehicles evidently isn’t restricted to private passenger units. Polk recently discovered the amount of used commercial vehicle registrations has hit a new record through the first nine months of the year. Firm analysts revealed Wednesday that the amount of used commercial vehicle (GVW Class 3-8) registrations totaled 524,500 units during […] [Read More]

J.D. Power and Associates made its final projection of November new-vehicle retail sales based on trends found earlier — that a strong selling pace would continue as the month closed. As a result, the firm’s analysts think November’s retail sales figure will come in at 10 million units For total sales, J.D. Power forecasted the seasonally adjusted annualized […] [Read More]