Loan Portfolio Servicing and Caprock Auto Remarketing appointed an industry veteran who has held posts at Manheim, Triad Financial and Honda Financial Services to be director of business development for the two sister companies. Taking on the role is Greg Harris, who brings nearly 30 years of experience in subprime auto finance, auction sales and […] [Read More]

Two separate recall campaigns by Chrysler Group and another from American Honda encompass more than 55,000 units. The largest single recall in this latest batch is from Chrysler, which intends to recall approximately 30,000 trucks to restore tail-lamp warning function. The campaign involves approximately 17,400 model-year 2013 Ram 1500, 2500 and 3500 pickups in the […] [Read More]

Still trying to figure out how social media impacts how consumers buy and own cars? In the latest CARFAXConnect webinar series, one of Facebook’s own will be on tap to discuss this very issue.  Set for June 25 at 2 p.m. (EDT), Phillip Rather, client partner, global marketing solutions at Facebook, will be the lead […] [Read More]

Insurance Auto Auctions this week announced its launch of a new app for iPhone, which can now be downloaded free of charge through the Apple App Store. The new app, titled CarKeyword, includes search data features to track key words and help customers make buy-or-sell decisions, the company said. Optimized for iPhone 5, CarKeyword is […] [Read More]

IRVINE, Calif. — Consumer Portfolio Services recently renewed its $100 million revolving credit facility with Citi. Under the amended terms, CPS explained the facility will revolve during the first two years and may amortize during the third year. The company indicated loans under the facility will be secured by automobile receivables that CPS now holds […] [Read More]

IRVINE, Calif. — CarFinance.com recently compiled data showing the Top 10 most frequently refinanced makes and models by the site's below-prime customers since last year.  Among the brands listed, domestic badges represented the top three as well as half of the 10 brands listed by CarFinance.com. The brand list included: 1. Chevrolet 2. Ford 3. […] [Read More]

COSTA MESA, Calif. — Experian recently announced that it is providing World Omni Financial Corp. with a flexible decision management solution based on its PowerCurve and Attribute Toolbox software aimed at streamlining the processing and decisioning of auto finance applications. As part of the solution, executives highlighted that Experian's PowerCurve Strategy Management software can enable […] [Read More]

CARY, N.C. — With monthly payments weighing so heavily on potential vehicle buyers nowadays, CarMark Auto Finance is hosting a free webinar to highlight its residual-based finance program that can generate a financing option up to 40 percent lower than conventional financing. The free webinar is set for Tuesday at 2 p.m. ET. The session […] [Read More]

The number of Canadian dealers utilizing a multi-platform retailing strategy — selling cars on their lots and online — continues to grow every year. In fact, now it is rare to find a dealer that isn’t posting inventory on the Web. In light of this trend, IBIS World just released its “Online Car Dealers in […] [Read More]

As PROFIT magazine unveiled its 25th annual list of Canada’s fastest-growing companies, a familiar name in the country’s auto industry made the ranking this time around. Identified in the list is North Toronto Auction. The PROFIT 500 — which ranks Canadian businesses by their revenue growth over five years — is published in the summer […] [Read More]