Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} LAKE SUCCESS, N.Y. — Fueled by across-the-board gains during the second quarter along with […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE LOS ANGELES — Seen as another way to extend its pattern of record growth, Westlake Financial Services revealed this week that it secured a $200 million commercial paper conduit through Royal Bank of Scotland. Westlake also highlighted JP Morgan recently joined with RBS to increase the credit […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MINNEAPOLIS — This week, Wolters Kluwer Financial Services added new content to the motor vehicle indirect lending module of its CompliSource solution. The company explained the new After Market Summary is designed to help manage compliance with state and federal laws governing the retail installment sales and […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} FARMINGTON HILLS, Mich. — As part of a series of training sessions scheduled during […] [Read More]

While Honda Canada’s combined certified pre-owned sales for its Acura and Honda brands in July was essentially static with the year-ago period (down less than 0.5 percent), both divisions are seeing double-digit gains when it comes to year-to-date CPO growth. “Honda CPO sales continues its successful sales year. Currently, we are 12.6 percent up in […] [Read More]

AutoCanada recently entered into a new $240 million revolving floor plan facility agreement with The Bank of Nova Scotia, replacing its existing facility with Ally Credit Canada. Executives explained that the new revolving floor plan facility will be used to finance the purchase of new- and used-vehicle inventory at 21 of AutoCanada’s dealership locations. They […] [Read More]

A new product is sent to hit the Canadian fleet industry, potentially making it easier to calculate ownership costs. Vincentric revealed this week the realease of its Dynamic Cost to Own: Canada Fleet Edition calculator. “This online lifecycle costing tool for Canada is an extension of the Dynamic Cost to Own product line, resulting in […] [Read More]

As gas prices continue to rise at a steady pace, it seems consumers are taking note and turning away from larger gas guzzlers — a trend that is showing in the lanes. Out of the segments NADA Used Car Guide tracks, the luxury utility and large SUV segments are expected to see the biggest drops […] [Read More]

To see where Volkswagen’s upcoming WorldAuto program may have already had some impact on the company’s dealer body, take a look at one particular VW store in Orange County, Calif. According to the dealership’s used-car manager, Capistrano Volkswagen’s sales of off-brand used vehicles jumped 37 percent year-over-year in June. And while acknowledging that there may […] [Read More]

Automakers are making strides in building confidence among American consumers when it comes to hybrid vehicles, according to a new Harris Poll. That interest is strongest among younger drivers and favors imports over domestic vehicles. Interest in hybrid vehicles over traditional combustion engine vehicles is up from last year, with 32 percent of car owners […] [Read More]