Cox Automotive Canada said Wednesday it has partnered with The Great Northern Auction and is launching Manheim Moncton to provide more remarketing service to the Atlantic Canada region. The weekly Manheim Moncton sales begin March 21 and will be facilitated by TGNA, which is located in Moncton, New Brunswick. The sales will also be broadcasted […] [Read More]

Onboard vehicle cameras and pet-friendly car amenities. One is for keeping your vehicle safe and secure; the other for keeping your car clean and your furry friend happy. At first blush, these features may not appear to have much in common, except for being accessories in an automobile. But search data in the debut Automotive Trends […] [Read More]

This region of Texas continues to be a growing hub for the automotive industry. With Toyota and General Motors Financial already having a major presence here, Mercedes-Benz Financial Services USA on Tuesday broke ground on its new, build-to-suit, 200,000-square-foot facility at AllianceTexas — a 26,000-acre, master-planned, mixed-use development in north Fort Worth. Captive officials highlighted […] [Read More]

New Nicholas Financial president and chief executive officer Doug Marohn is continuing to make moves to bolster the finance company that specializes in subprime vehicle installment contracts. After recently highlighting plans to enhance originations along with installing an interim chief financial officer, the National Independent Automobile Dealers Association reached a partnership with Nicholas Financial, calling […] [Read More]

On Wednesday, publicly-traded subprime automotive finance company Axis Auto Finance shared results from the second quarter of its 2018 fiscal year; a span that ended on Dec. 31 and included a new record. The company highlighted its Q2 revenue shot up to a record $2.2 million, up 34 percent from $1.6 million a year earlier. […] [Read More]

The connection of finance and technology is getting even stronger, especially for younger consumers. The latest "Expectations & Experiences" consumer trends survey from Fiserv finds that digital experiences are influencing how people manage and make decisions about borrowing and investing. The survey indicated four of the top five loan payment methods are now electronic, and […] [Read More]

Santander Consumer USA cleared another legal matter regarding its repossession processes. Connecticut Banking Commissioner Jorge Perez recently announced a settlement with SCUSA, for alleged violations of Connecticut banking law pertaining to its activity concerning repossessed vehicles. In addition to providing $2.9 million in relief to affected consumers, Santander Consumer USA has paid a $100,000 fine […] [Read More]

U.S. Bank is now is leveraging the same technology from AutoGravity being deployed by an array of captives. U.S. Bank recently launched a digital offering on its website that allows consumers to shop for a new vehicle and get pre-approved for financing, all before actually stepping foot in a dealership. U.S. Bank’s digital financing platform […] [Read More]

Hertz Global Holdings announced Wednesday that Paul Stone will join the company on March 6 to serve as executive vice president and chief retail operations officer, North America. Stone, who began his career at Sam's Club/ Walmart as a store manager before transitioning to Western U.S. divisional senior vice president, brings more than 30 years […] [Read More]

Carvana announced that it has is expanded its presence in four new markets on the eastern seaboard Wednesday. Customers in Springfield, Mass., and Connecticut cites Hartford, Bridgeport and New Haven can now shop Carvana’s more than 10,000 vehicles and schedule as-soon-as-next-day vehicle delivery, the company said. “Residents in Hartford, Bridgeport, New Haven and Springfield have […] [Read More]