Wholesale prices are expected to decline slightly this week with only one segment expected to see any appreciation. NADA Used Car Guide is predicting auction prices to decrease by 0.3 percent or $50 this week. Though this may seem like a mild decline, only one segment is actually expected to see any appreciation this week, […] [Read More]

An aging car normally goes hand-in-hand with frequent service visits, especially when a driver is hoping to maintain the vehicle for years to come, warding off a new-vehicle purchase. And according to survey results released in August by research firm Polk, the average age of all light vehicles is 11.4 years, with the number of […] [Read More]

NADA University, the education and training arm of the National Automobile Dealers Association, revealed Thursday its new NADA-ATD (American Truck Dealers) Academy director.  Chosen for the position is Allen Phibbs, who began his new duties Aug. 30. Phibbs replaces James Schoonover, who has been promoted to senior director of dealership operations for NADA. Phibbs brings […] [Read More]

The growing trend of service learning on college campuses got a recent boost via the support of the Ford Motor Company Fund, which is awarding $225,000 in Ford College Community Challenge grants to nine colleges and universities nationwide. The Ford College Community Challenge, or Ford C3, is a national challenge grant competition that recognizes schools […] [Read More]

WASHINGTON, D.C. — Intensifying its overseeing of credit reports, the Consumer Financial Protection Bureau put operations that supply information to consumer reporting companies on notice earlier this week. The CFPB released a bulletin stressing that under the law these companies — better known in the industry as furnishers — are responsible for investigating consumer disputes […] [Read More]

MINNEAPOLIS — van Wagenen Financial Services recently confirmed participation in the Symitar Vendor Integration Program. Officials highlighted this development will directly benefit lenders managing auto loans on the Symitar core processing system by increasing the efficiency of auto loan payment adjustments. The company insisted the integration coordinates insurance placement and core system technologies to enable […] [Read More]

EDMONTON, Alberta — With the subprime auto financing market as ripe as it has been in years, a Canadian company decided this week to jump into originating contracts in the United States. Edmonton, Alberta-based Carinco Financial Group Inc. revealed it is expanding into the U.S. market with a new acquisition. The company has purchased Massachusetts-based […] [Read More]

ALEXANDRIA, Va. — Continuing a positive trend of fewer consumers walking away from debt, the American Bankruptcy Institute highlighted that total filings in the United States during August decreased 15 percent compared to the previous year. According to data provided by Epiq Systems, August bankruptcy filings totaled 88,902, down from the 104,471 filings registered in […] [Read More]

In what the company described as its commitment to make it easier for customers to conduct business while preparing for future growth, Manheim recapped how it has invested more than $26 million during the past year to expand and upgrade its facilities and services in North America. Manheim highlighted the investment includes the addition of […] [Read More]

Chrysler Canada is gearing up for the eighth season of its Dodge Caravan Kids Program. The program works to support children and families facing the financial struggle that can come with playing Canadians' favorite pastime — hockey. These financial burdens can include hockey registration fees, gear and more. That’s where Dodge Caravan Kids comes in […] [Read More]