There now is a much larger pool of funds to underwrite contracts for Toyota’s most fuel-efficient vehicles. Today, Toyota Financial Services issued what the company believes is the industry’s first-ever asset-backed green bond in the amount of $1.75 billion. Officials highlighted the offering was upsized from $1.25 billion to accommodate demand as institutional investors demonstrated […] [Read More]

Andy Koblenz, executive vice president and general counsel for the National Automobile Dealers Association, heard leaders from the Consumer Financial Protection Bureau speak last week and again left with questions about how the new regulatory agency intends to oversee vehicle financing. Koblenz indicated during a panel session of an event hosted by the U.S. Chamber […] [Read More]

For the first time this year, some dealers are seeing finance companies pull back in their willingness to complete contracts. According to the latest dealer survey from KeyBanc Capital Markets, the financing outlook still remains favorable as 50 percent of the firm’s survey respondents reported banks and finance companies were becoming more aggressive in lending […] [Read More]

Last month, NADA Used Car Guide kicked off a two-part series on vehicle value retention in its NADA Perspective report with a close look at passenger car segments. On Friday, NADA UCG followed that up by diving into value retention for light-duty trucks and SUVs. According to its analysis, the truck segment with the strongest […] [Read More]

It is clear that leasing is becoming more and more popular, as many recent reports would suggest, but one finding from Swapalease.com, in particular, could be quite important for the leasing community to consider: many women may not return to leasing when they go to find their next vehicle. Why? To answer the question, Swapalease […] [Read More]

In previous articles, MetroGistics managing partner William Billiter addressed considerations for choosing the right carrier and how to secure reliable and insured transport. With so many vehicle haulers in the industry, it’s very important for dealers to partner with the right transportation provider that will deliver your inventory on time and undamaged. New-car manufacturers have […] [Read More]

The National Auto Auction Association has reached an agreement with Cherokee Automotive Group, publishers of Auto Remarketing, to combine its annual convention with CAG’s National Remarketing Conference, beginning in the fall of 2016. The combined meeting will be known as the National Remarketing Conference and National Auto Auction Association Convention and will be held each […] [Read More]

The latest update of an ongoing TransUnion study showed consumers continue to place an emphasis on paying their auto loans before their mortgages and credit card payments — and by a wide margin. TransUnion contends this trend has been in place since at least 2003. Ezra Becker, co-author of the study and vice president of […] [Read More]

Results of the latest Regulatory & Risk Management Indicator for the U.S. banking industry issued this week by Wolters Kluwer Financial Services indicated U.S. banks and credit unions are carrying a much heavier regulatory and risk management burden than they were a year ago. Officials explained the indicator began with a baseline score of 100 […] [Read More]

Since Credit Acceptance Corp., is planning to purchase up to 637,420 shares of its outstanding common stock later this month, the company offered some operating results for the two months of the year as the industry navigated through the peak of tax season. Credit Acceptance reported this week that the company enjoyed an 18.1-percent jump […] [Read More]