Consumer Portfolio Services closed its fourth term securitization of the year this week. The transaction is CPS’ 15th 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. In the transaction, qualified institutional buyers purchased $267.5 million of asset-backed notes […] [Read More]

As the finance company joined the ranks being subpoenaed by the U.S. Department of Justice, Ally Financial announced on Friday that the U.S. Department of the Treasury has sold its remaining 54.9 million shares of common stock at $23.25 per share. As a result, the company highlighted that Ally will have exited the Troubled Asset […] [Read More]

As a part of the last SubPrime News Update of the year before the Cherokee Media Group team breaks for the holidays, the publication wanted to share a rundown of the top 10 stories that generated the most reader interest in 2014. Not surprisingly the majority of these leading stories had a connection to a […] [Read More]

Auto loans defaults stayed the same level on a sequential basis in November, according to the S&P/Experian Consumer Credit Default Indices released this week. S&P Dow Jones Indices and Experian determined the auto default reading came in at 1.05 percent last month, the same level as October. A year earlier, the reading stood 10 basis […] [Read More]

One of the lead sponsors of Used Car Week’s Re3 Conference — Digital Recognition Network (DRN) — launched its completely revamped corporate website on Friday morning. DRN chief executive officer Chris Metaxas described the move as part of the company’s expanding role as a big data provider. Metaxas emphasized the new site puts the focus […] [Read More]

The entire team at Auto Remarketing Canada and Cherokee Media Group wish our readers and industry partners a happy holiday season and best wishes for the new year. This will be the last Auto Remarketing Canada e-newsletter until we turn a new leaf into 2015. We will be taking a holiday break, but expect news from Auto […] [Read More]

AutoStar Solutions isn’t trying to dampen the Christmas spirit buy-here, pay-here operators might have, but chief legal officer Steve Levine warned dealers of what he described as a potential “Grinch" — regulators such as the Consumer Financial Protection Bureau, the Federal Trade Commission and state attorneys general. Keeping with the mood of the season Levine […] [Read More]

The entire team at Auto Remarketing and Cherokee Media Group wishes you a safe and happy holiday season and best wishes for the new year. This issue of Auto Remarketing Today will be the final edition of 2014 before we take a holiday break. We thank you for your interest, support, readership and feedback this year. It is much […] [Read More]

Reynolds and Reynolds announced another successful year for its annual Bike Build program for three of its locations in Ohio and Texas earlier this month. Company associates and their families got together on Dec. 6 to assemble nearly 300 new bicycles to use as Christmas gifts for military service family members. Ron Lamb, president of […] [Read More]

Certain dealers in the certified pre-owned space may have another selling point this holiday season. Four of what AutoTrader.com editors consider to be the “top 10 must-shop family cars” are CPO models. While the company also noted the year-end bargains as dealers clear their lots for new inventory for the new year, AutoTrader.com site editor […] [Read More]