Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — 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 […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE WILMINGTON, Del. — Results from a recent survey showed it might be the woman in the family who can best assess if auto loan terms, especially the monthly payment, can fit into the household budget. Findings from a poll commissioned by Working Mother and Chase Card Services […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE HOUSTON — 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, […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE BROOKFIELD, Wis. — Fiserv announced earlier this week that it has acquired Open Solutions, a provider of collaborative, enterprise core account processing technology for financial institutions. Officials said the purchase price was $55 million, and Fiserv assumed approximately $960 million of debt. In conjunction with the acquisition, […] [Read More]

Returning to Toronto April 22–24, Auto Remarketing Canada presents its sixth Canadian pre-owned industry conference. Auto Remarketing Canada 2013, presented by CarProof, will bring you the information, tools and contacts for sourcing the inventory you need to fill your lot as well as tips on how to attract and retain customers, finance those customers, navigate […] [Read More]

Perhaps this whole used-car scarcity situation is on its way out.   Or at least improving significantly. Kelley Blue Book said in a recent report that auction volume climbed nearly 1 percent year-over-year last quarter and should remain ahead of 2012 levels. What’s more, off-lease supply moving into the auctions should increase dramatically over the […] [Read More]

As Edmunds.com discussed the potential benefits of “lease pull-ahead” offers, Fitch Ratings believes new-model leasing is poised to benefit from another generally healthy used-vehicle market this year, extending some gains realized as a result of robust residual values for leased cars and trucks seen during the last three years. Fitch expects lessors to continue to […] [Read More]

As 2012 came to a close, wholesale values were on the rise, driven by the affects of Hurricane Sandy and increased demand. Seasonally adjusted on 2- to 5-year-old vehicles, prices in the lanes rose by 1.8 percent month-over-month this past December, according to the latest RVI Market Update. And on a year-over-year basis, prices were […] [Read More]

The Blue Oval has "consistently" beat out competition when it comes to buyer loyalty. After Experian Automotive revealed earlier this week the Q3 2012 Loyalty and Market Trends report, which highlighted two of Ford’s models as having the most brand-loyal owners — the Ford Fusion and the Ford Flex — the company gave Auto Remarketing […] [Read More]

In what the company called a move to solidify plans for its new automotive parts and service operation, American Suzuki Motor Corp. announced late Tuesday that the disclosure statement for its amended Chapter 11 bankruptcy plan has been approved by Judge Scott Clarkson of the U.S. Bankruptcy Court of the Central District of California. Officials […] [Read More]