If an individual reports a complaint about a dealer or auto finance company to the Consumer Financial Protection Bureau, data about the grievance likely will end up with state regulatory agencies, too. [Read More]

DALLAS — Comerica Bank's newest Auto Affordability Index showed the purchase and financing of an average-priced new vehicle took 23.1 weeks of median family income in the third quarter of this year. Analysts found consumers on average spent $75 less on new models in the third quarter than they did in the second quarter. The […] [Read More]

CLEARWATER, Fla. — Despite a 7-percent softening of its net earnings during the second quarter of its fiscal year, Nicholas Financial announced a dividend payment to owners of common stock for the second time since the beginning of November. This week, the company that specializes in purchasing and servicing auto loans made by franchised and […] [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America's Car-Mart recently opened its newest store in Alabama. Joining the network as the company's 11th store in Alabama and its 118th dealership overall, Car-Mart rolled out a lot in Enterprise, Ala. "Alabama has been a great state for us, and we are excited about continuing to expand […] [Read More]

HOUSTON — Group 1 Automotive said Thursday a new partner has joined its existing $1.35 billion revolving credit facility. The latest to sign on is Volkswagen Credit, which will serve as a partner to the facility that expired in June 2016. Commenting on the news, John Rickel, Group 1's senior vice president and chief financial […] [Read More]

As November saw average days to turn for used vehicles in Canada sitting at 62 and overall transaction prices coming in around $29,000 — considerably lower than MSRP value — it is becoming more and more important to know just what a customer expects when visiting a dealership, says J.D. Power and Associates. [Read More]

One of Canada’s largest automotive groups — The Dilawri Group of Companies — recently revealed it has added two dealerships to its portfolio. The group is expanding its 401 Dixie Auto Mall, located in Mississauga, with the acquisition of 401 Dixie Nissan and 401 Dixie Infiniti. Omar Khan, regional director of operations for the Dilawri […] [Read More]

Canada is following the lead of the U.S. and rolling out a set of environmentally friendly rules that aim to cut greenhouse gas emissions from cars and light trucks. Under the new regulations, vehicles produced between 2017 and 2025 will have to reduce emissions by an average of 5 percent a year — every year. […] [Read More]

Wholesale prices continue to buck seasonal trends, as Hurricane Sandy — combined with low used-vehicle supply and high demand — pushed already expensive prices in the lanes even higher. According to the segments NADA Used Car Guide tracks, the average price of vehicles at auction this week will rise to $14,300, which equates to a […] [Read More]

In memory of Auto Auction Sevices Corp. president and chief executive officer Don Meadows, who passed away on Monday, Auto Remarketing is sharing a Profile Series feature on Meadows that was included in the May 1–14, 2006 print edition of our publication. The interview between Auto Remarketing and Meadows for this 2006 story is below: […] [Read More]