Following a path taken by a former Blue Oval leader and other top chief executives, Dale Pollak, founder of vAuto and an alumnus of Indiana University's Kelley School of Business, has been named a leader-in-residence at the school for the upcoming year. The official position — the Poling Chair of Business and Government — was […] [Read More]

Fitch Ratings reported U.S. auto loan ABS delinquencies and losses climbed in July on a monthly basis. However, Fitch expected such a movement, so the firm contends that asset performance in the sector should moderate further in the remainder of the year, but remain on track within initial loss expectations. Analysts also said that prime […] [Read More]

Resolvion and American Lending Solutions (ALS) completed a merger agreement this week that will combine their respective operations into one of the largest skip-tracing and repossession management firms in the industry. Executives indicated the new company will operate under the name ALS Resolvion. The combined company will maintain its operations centers in Charlotte, N.C., Atlanta […] [Read More]

August represented the best-ever certified pre-owned sales month in history, besting the prior record CPO sales total by more than 15,000 units. According to Autodata Corp., there were 222,675 certified pre-owned sales in August, making it the strongest month of all time for CPO sales. The previous record was set in May, when dealers moved […] [Read More]

Several brands have already reported all-time records for monthly certified pre-owned sales — and that may not be the last of it. Starting things off with Chrysler Group, the company sold 13,760 certified vehicles in August, which was its best month ever for CPO sales. Hyundai, which also posted its strongest certified sales month of all […] [Read More]

Toyota introduced the Prius to Canada 15 years ago — and this week, the automaker reported it has reached the milestone of 100,000 hybrids sold in Canada. Providing an interesting illustration, Toyota Canada said the fuel saved by Canadian drivers using Toyota and Lexus hybrids over the past 15 years would fill more than 103 […] [Read More]

The Canadian Vehicle Manufacturers’ Association issued support of the Joint Forward Plan released by the Canada-United States Regulatory Cooperation Council (RCC) last week. The plan, the next step in cooperation between the two countries set in motion by the 2011 Joint Action Plan, continues the implementation of groundwork to collaborate and streamline joint efforts involving […] [Read More]

Certified pre-owned sales were steady in August, and three automakers reported their best August for certified sales ever. First up, Porsche Canada reported a record month, posting the highest CPO sales for August ever. Porsche Approved certified pre-owned sales reached 96 units last month. Audi Canada, who continued to see CPO sales soar by double digits […] [Read More]

Coming off a quarterly performance where the finance company’s total originations of loans and leases jumped higher than any quarterly figure the company posted in the past year, General Motors and General Motors Financial entered into a support agreement on Thursday, reaffirming what executives described as the critical role GM Financial plays in the parent […] [Read More]

The Russ Darrow Group announced this week the acquisition of Amato Mazda in northwest Milwaukee. The inventory from Amato Mazda will be relocated to an all-new Russ Darrow Mazda Milwaukee, expanding the Russ Darrow family in the area, according to the group’s president, Mike Darrow. “With the addition of this new Mazda dealership, we will […] [Read More]