Carfax has launched a free service that allows car owners to track service history and make vehicle maintenance easier. Through myCARFAX, car owners receive automatic service alerts and get critical information about open safety recalls reported for their car. Consumers can create a free myCARFAX account through a mobile app for iPhone and Android products […] [Read More]

Two new records were set by Charleston Auto Auction, at its 10th annual Luau/Pig Pickin’ & Car Sale, held June 14. The auction hosted featured more than 1,600 vehicles, a record for the company, along with 800 dealers and $35,000 in cash and prizes, auction officials reported. Dealers began the auction day with a pig […] [Read More]

CARY, N.C. — Two auto industry leaders who have close relationships with Rick Hackett, the assistant director of the Consumer Financial Protection Bureau whose jurisdiction included vehicle financing, shared nothing but glowing assessments of the regulator who announced he was leaving the agency by the end of the month. FinCo Management president Toby Reiley used […] [Read More]

SANTA MONICA, Calif. — While the percentage of consumers who say they are only considering a new car is significantly higher than the share of used-only shoppers, actual registration data tells a different story. That's according to the 2013 Edmunds.com Car Shopping Trends Report, which broke down some consideration and registration data in the new- […] [Read More]

IRVINE, Calif. — This week, Consumer Portfolio Services closed its second term securitization of the year. The transaction is CPS's ninth senior subordinate securitization since 2011. In the transaction, the company highlighted that qualified institutional buyers purchased $205 million of asset-backed notes secured by automobile receivables purchased by CPS. The sold notes, issued by CPS […] [Read More]

HAUPPAUGE, N.Y. — Officials from cuautocoupon — a company intent on generating more vehicle financing business for dealers and credit unions — recently announced the signing of three Long Island credit unions to their growing network. The new additions include Nassau Educators Federal Credit Union, Oceanside Christopher FCU and People's Alliance FCU. They join Bethpage […] [Read More]

Honda Canada recently revealed a recall that deals with certain 2006–2007 Honda S2000 and 2006 Acura RSX models. Vehicles included in the action are 130 S2000 vehicles and 649 RSX vehicles from the aforementioned years. This recall will be to inspect and, if necessary, replace the brake booster in these vehicles. The company explained that […] [Read More]

Dealertrack Canada announced today it has completed Dealer System certification with General Motors of Canada. What does this mean for GM dealers? Now, GM of Canada dealers using Dealertrack’s DMS can transfer data directly with GM of Canada’s corporate systems, including the transmission of parts, warranty, financial and inventory information, the companies said. As a […] [Read More]

Volvo Canada revealed this week a newly appointed chief financial officer. Chosen for the position of CFO is Matt Girgis, who will take on the role this coming Monday. The company explained that Girgis has extensive experience from past positions at BMW Group and previously Volvo Canada, where he held various roles within the finance […] [Read More]

Just when the industry got closely acquainted with the primary regulator from the Consumer Financial Protection Bureau who oversees auto financing, word comes that the official is departing the agency. Auto Remarketing received confirmation Wednesday that assistant director Rick Hackett intends to leave the bureau by the end of the month. The CFPB already has […] [Read More]