Fitch Ratings recently weighed in on the future prospects of both Ally Financial and General Motors Financial now that one company has finalized a major leadership change and the other is taking on more leasing business as the captive for the parent automaker. Analysts explained GM’s higher emphasis on offering its customers lease options through […] [Read More]

The National Automotive Finance Association is again enhancing its annual Non-Prime Auto Finance Survey; this time by collaborating with the American Financial Services Association. The NAF Association and AFSA announced this week they will be working jointly to orchestrate the only survey specifically focused on the subprime auto financing market. For the past 18 years, […] [Read More]

The California New Car Dealers Association (CNCDA) named Dealertrack Technologies as a strategic partner this week, recommending the company’s solutions for F&I, inventory, CRM, compliance and digital marketing. CNCDA explained that it recognizes that dealers are looking for solutions that will help them streamline and advance their automotive retailing operations. Association officials emphasized that naming […] [Read More]

Enterprise Holdings has expanded its rental portfolio, announcing Friday morning that it has acquired Triangle Rent A Car. The purchase of the Raleigh, N.C.-based company includes the Triangle brand, locations, websites and a majority of its fleet, including its van and truck rental business. The 29 branch offices that Triangle Rent A Car has throughout […] [Read More]

Penske is coming off of a record breaking year, success which in part is due to its recent acquisitions. For retail automotive, specifically, the company acquired $225 million in annualized revenues last year, including the purchase of BMW of Greenwich, Conn., with revenue of $200 million annually. And so far in 2015, the company has […] [Read More]

Canadian new auto sales – which totaled roughly 1.85 million units in 2014 – eclipsed the previous year by 6 percent, according to the Scotiabank Global Auto Report released this month. Unlike 2013, however, which had overall sales growth in all regions, the significant growth for last year was driven out of the central regions […] [Read More]

Canadian Black Book released the results of its annual “Best Retained Value” Awards this evening, in time for the kickoff of the Canadian International Autoshow in Toronto on Friday. This year’s awards took a look at 2011 model-year vehicles, with Toyota taking home the most awards this time around. And not surprisingly, the Jeep Wrangler […] [Read More]

As we head forward into a new year, Ford Motor Co. of Canada is taking the time to honor its top-performing auction partners. The automaker has recently announced the recipients of the 2014 Auction Quality Award and the 2014 Reconditioning Excellence Award. The Auction Quality program is designed to assess and evaluate the service provided […] [Read More]

Online car-shopping resource CarLingo announced Wednesday it now provides downloadable eBooks on its website to assist consumers with charting the waters during the car-buying journey. According to the company, customers invest an average of 15 hours over a three-month shopping process to research their potential purchase. Aimed at shortening this time, CarLingo now provides its […] [Read More]

Rather than incurring more legal costs than what already has mounted during the past year, a buy-here, pay-here operator in business for nearly two decades in one of North Carolina’s largest markets chose to resolve claims asserted by the United States Attorney's Office, Department of Justice and North Carolina Attorney General's Office by entering into […] [Read More]