Consumer Portfolio Services announced the closing of its second term securitization of the year earlier this week. The transaction is CPS’ 20th senior subordinate securitization since the beginning of 2011 and the third consecutive securitization to receive a triple-A rating on the senior class of notes from two rating agencies.  In the transaction, the finance […] [Read More]

 eBay Motors has been doing online car sales since 2000. Before you could post on Facebook (launched in 2004) or watch a video on YouTube (2005) — or do either on an iPhone (2007) — you could buy a car online.   So, the Web-based car sales model that has mushroomed throughout the auto industry is nothing new for the San […] [Read More]

Executives in the Canadian used-car and remarketing space juggle a host of responsibilities. They develop sensible strategies and lead teams to execute those plans, all the while remaining competitive and ready to adapt to the changing automotive environment. In an effort to recognize the special individuals who hold these positions, Auto Remarketing Canada is asking companies […] [Read More]

Here’s something to which many of our readers can probably relate. We asked Sheryl Watson, the general counsel and senior vice president at ADESA Canada, when she knew the car business was for her. “When I watched my first live auto auction,” said Watson, a 2016 Women in Remarketing honoree. “An exciting mini-drama unfolds as […] [Read More]

U.S.-based digital finance solutions provider ChannelNet has inked a deal with Hyundai Capital Canada to create customer lifecycle management programs and dealer portals in Canada for its Hyundai Motor Finance and Kia Motors Finance properties. “Digital customer experience is the price of entry for selling and retaining customers in today’s auto market,” Paula Tompkins, ChannelNet […] [Read More]

With one of the most important elements to a successful buy-here, pay-here transaction being a vehicle that remains operational, RepairPal recently broadened its offering with a financing opportunity for individuals who are unable to pay for their repairs with other methods. This new finance company associated with RepairPal is One Road Lending, which executives say […] [Read More]

The Consumer Financial Protection Bureau’s strategy to regulate how arbitration can occur might become clearer since the agency now has scheduled a field hearing specifically about the topic. On Wednesday, the CFPB announced plans for a field hearing about arbitration; one of nine priority goals spelled out by the bureau’s chief of staff earlier this […] [Read More]

Santander Consumer USA recently gave awards to 10 different auction locations when the consignor honored them for the wholesale work performed not only for SCUSA, but Chrysler Capital as well. Taking the accolades as both Santander Consumer USA Auction of the Year as well as Chrysler Capital Auction of the Year was Manheim North Carolina. […] [Read More]

Before joining Cox Automotive, Amy Mills worked on several advertising and marketing projects with manufacturers and other automotive clients on the agency side of the business. Then, one of Mills’ acquaintances mentioned an opportunity at Manheim. “Once I met the people, I never looked back,” said Mills, who now is vice president of global strategic […] [Read More]

Greg Miller is embarking on his own dealership journey. Independent of the Larry H. Miller Group of Companies (LHM Group), Greg Miller announced the acquisition of his first dealership on Wednesday with the purchase of Bob Baker Toyota in San Diego. This dealership will be renamed Greg Miller Toyota and will be operated under his […] [Read More]