The prospectus connected with a $1.25 billion offering of automobile receivables-backed securities Santander Consumer USA rolled out earlier this month showed contracts involving Dodge vehicles constituted the highest percentages of receivables and outstanding principal balances within the deal. Future regulatory filings might outline an even higher percentage if Santander reaches a deal to be the […] [Read More]

Honda is recalling approximately 748,000 model-year 2009 through 2013 Pilot and 2011 through 2013 Odyssey vehicles in the United States and another 29,000 units in Canada. The recall stems from the need to inspect and if necessary replace the driver’s side airbag. The OEM explained driver’s-side airbags in these vehicles potentially were assembled without some […] [Read More]

Late last week, TrueCar.com revealed its annual Performance Scorecards, announcing what it sees as the “best manufacturers and brands” for 2012. Overall, the top manufacturers for the 2012 Annual Performance Scorecard were Subaru, Toyota and Jaguar Land Rover. Further explaining why these brands, in particular, topped the charts, Kristen Andersson, analyst at TrueCar, told Auto […] [Read More]

Following its success with monthly sales at the Florida auction, Westlake Remarketing  will hold sales at Sanford Auto Dealers Exchange twice each month. This was announced by auction owner Michael Tumminello. [Read More]

Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — Despite a bit of a dip as 2012 closed, Chase Auto Finance finished the year with a double-digit climb in auto originations. The company recently reported originations jumped by 11 percent to $23.4 billion, up from the $21.0 billion Chase generated in 2011. Chase […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE CLEVELAND — As buy-here, pay-here dealers continue to find new and improved ways to keep customers paying on their contracts, the Federal Reserve's Retail Payments Office recently announced plans to conduct a new study to determine the current volume and composition of electronic and check payments in […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE TORRANCE, Calif. — In the time leading up to Martin Luther King Jr. Day, Toyota Financial Services launched its first diversity and inclusion bond. Officials explained this new type of bond syndication will become a component of the company's comprehensive funding program, and is firmly in line […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MANASSAS, Va., and RALEIGH, N.C. — Allied Finance Adjusters and Recovery Specialist Insurance Group announced their 2013 annual conferences will be a collaborative effort for three days of education, training, networking and entertainment. The event will be held at the Hyatt Regency Pier 66 Hotel in Fort […] [Read More]

Though industry analysts have found that wholesale prices are sitting at high rates as 2013 gets underway, these same experts do not expect hiked prices in the lanes to last for long. In fact, Kelley Blue Book's latest Blue Book Market Report said that as the effects of Hurricane Sandy begin to wane, wholesale values […] [Read More]

Auto Financial Group, an online provider of residual-based financing products for credit unions and banks, recently reported continued strong momentum for its DrivingSense balloon auto loan program by signing a dozen new institutions. The latest additions include Amplify Credit Union, APEX Community FCU, Citadel FCU, Commonwealth Credit Union, Dade County FCU, Evansville Teachers FCU, First […] [Read More]