AutoCanada Inc. announced this week that it has entered into an agreement to acquire the operating assets of 417 Infiniti Nissan Limited. The dealer group also reported it has reached an agreement to increase the size of its revolving credit facility from $200 to $250 million. First up, the to-be acquired accompany owns and operates […] [Read More]

Ally Financial, in partnership with local dealer Classic Chevrolet of Grapevine, Texas, recently presented over $180,000 in donations to ten charities in the Dallas area. The donations culminated from an auction hosted by Ally’s SmartAuction platform, which celebrated its 5 millionth vehicle sale. That 5 millionth vehicle was auctioned off with the promise that the […] [Read More]

At a recent speaking event at the Canadian Club in Toronto, GM Canada president and managing director Steve Carlisle stressed the importance of the changing automotive sector — think electric vehicles, autonomous cars, vehicle sharing, car connectivity and more. Carlisle called on governments in Canada to “act quickly” to make sure they have a "purposeful […] [Read More]

Barrett-Jackson’s got a momentous celebration in the works to celebrate its 45th anniversary, scheduled for the last nine days of January. Best known for its collector car auctions, Barrett-Jackson has already announced several headline listings for its event slated for January 23-31 at WestWorld in Scottsdale, Ariz. Two of these collectibles will include a 1939 […] [Read More]

Thirty-three percent – that’s the increase in lease maturities expected to possibly return to market in 2016 compared to this year – which translates to roughly 800,000 additional units on a year-over-year basis. That’s according to J.D. Power’s estimates provided by Larry Dixon, the senior manager of market intelligence at NADA Used Car Guide. Perhaps […] [Read More]

Ally Financial has chosen 50 dealers across the U.S. as nominees for the 2016 TIME Dealer of the Year award. The annual award is now in its 47th year and serves to recognize the nation’s most successful dealers who also exemplify a commitment to community service. The nominees — announced by Meredith Long, publisher at […] [Read More]

Luxury brands are dominating the CPO market this fall, as many consumers see certified luxury vehicles as an entry-way into the more high-end brands. According to Autotrader’s October Trend Engine data, which measures shopping activity on Autotrader.com every month, luxury brands are the most popular nameplates among CPO shoppers. And the trend didn’t just pop […] [Read More]

Even though lease credit approvals are down slightly this month, rates remain unusually high, prompting analysts to discuss the factors behind the surge. According to Swapalease.com, lease credit approvals fell to 75 percent this month, down a bit from the 80 percent mark reached in October. But even with that slight decline, the approval rates […] [Read More]

Personal finance company Springleaf Holdings Inc. recently announced it will be moving forward with its purchase of OneMain Financial Holdings LLC after reaching a settlement with the Department of Justice, as well as the Attorneys General of seven states.   The company shared the details of the settlement have been filed with the U.S. District […] [Read More]

Auto loan defaults spiked a bit in October, though analysts say consumer credit default rates still remain at “low levels.” According to data released Tuesday by S&P Dow Jones Indices and Experian, auto loan default rates came in at 1 percent in October, up 8 basis points on the S&P/Experian Consumer Credit Default Indices. In […] [Read More]