Children, veterans and others will benefit from charity events being held this month by two groups of dealerships in their efforts to reach out to their respective communities.     First, Boucher Group Ford stores in the Wisconsin cities of Menomonee Falls, West Bend, Kenosha and Janesville announced “Go Further with Ford Night” set for Nov. […] [Read More]

As of press time, Hurricane Sandy was headed West, leaving much of the Northeastern states scrambling to recover power and get flooding under control while assessing the damage of the powerful storm. With vehicle damage already reported, Black Book’s Ricky Beggs offered Auto Remarketing some insight into how the storm may affect the used-car market […] [Read More]

If recent predictions from Edmunds.com come to fruition, the number of lease terms coming to an end next year will eclipse 2.5 million units, which would be an increase of 484,000 units from 2012. In other words, look for a big jump in the amount of lease returns flowing into the used-car market next year. [Read More]

A new TransUnion study found that people who monitor their own credit files open significantly more new auto loans and credit cards, and perform generally as well on those loans as consumers who do not monitor their own credit. The company's study determined that consumers who monitor their credit in any given credit score range […] [Read More]

Westlake Financial Services honored four auctions on Tuesday, announcing the third quarter’s top regional performers and the company’s Top Service Auction.  Earning recognition from Westlake were: •    Eastern Region: Rawl’s Auto Auction (South Carolina) •    Central Region: Kansas City Independent (Missouri) •    Western Region: Brasher’s Sacramento (California) [Read More]

Auto Data Direct announced Tuesday it has added California motor vehicle records to its DMV123 program. With this addition, the company now has access to 28 state databases. "Since 1999, our core business has been to provide real-time motor vehicle inquiry solutions to DPPA qualified companies," said Jim Taylor, president of ADD. [Read More]

Halloween came early to transportation company MetroGistics, as the company welcomed vampires, zombies and other two-legged creatures to its first Monster Mash fundraiser. Benefiting two charities for four-legged friends, the Monster Mash raised more than $18,000 for Stray Rescue of St. Louis and Project VIP (Very Important Pets). It was held on Oct. 20 at […] [Read More]

HOUSTON — First Investors Financial Services Group said Tuesday's special meeting of its shareholders resulted in approval of the company's previously announced merger with an affiliate of Aquiline Capital Partners, a New York-based private equity firm investing in the financial services sector. When reached by SubPrime Auto Finance News late Tuesday, executive vice president, secretary, […] [Read More]

DEARBORN, Mich., and FORT WORTH, Texas — Both General Motors Financial and Ford Motor Credit posted gains in third-quarter net income, according to reports the companies shared Tuesday and this morning. The company that posted a higher year-over-year increase was GM Financial, which said its third-quarter net income came in at $124 million, up from […] [Read More]

EDINA, Minn. — Buy-here, pay-here dealership chain CarHop not only bolstered its presence in well-established markets, the company recently opened a dealership in Pennsylvania to raise its footprint to 16 states. That newest store is in Pittsburgh, located at 3408 William Penn Highway. "It's not every day that CarHop opens in a new state, so […] [Read More]