Experian 12.00 SCHAUMBURG, Ill. — The chart created by Experian Automotive almost couldn't contain the year-over-year growth posted by TD Auto Finance during the second quarter. TD Auto Finance's share of the overall lending market shot up by 333.6 percent to solidify its position among the Top 10 operations, according to Experian's data released this […] [Read More]

Experian 12.00 CARMEL, Ind. — A franchised dealer group decided to open a J.D. Byrider location to augment its Michigan operations with a buy-here, pay-here store. J.D. Byrider revealed this week that Serra Automotive rolled out the location two minutes north of the Al Serra Auto Plaza in Grand Blanc, Mich. The store situated near […] [Read More]

BURLINGAME, Calif.  — CarWoo and DealerTrack revealed this week that they are partnering to deliver payment calculation and credit application capabilities directly to CarWoo users. DealerTrack's PaymentDriver and FinanceDriver tools will now be directly integrated into the site's marketplace and its new Dealer Premium offering, officials noted. The DealerTrack advanced digital retailing tools will allow […] [Read More]

Experian 12.00 FORT WORTH, Texas — This week, General Motors Financial announced the pricing of a $1.3 billion offering of automobile receivables-backed securities through lead managers Deutsche Bank Securities, RBS and Wells Fargo Securities. The co-managers are Citigroup, Credit Suisse, Morgan Stanley and RBC Capital Markets. GM Financial reiterated that it uses net proceeds from […] [Read More]

Hyundai Auto Canada Corp. revealed this week it is teaming up with a Canadian hockey star in an effort to help under-resourced Quebec youth get involved in the country’s national pastime. Partnering with Montreal Canadiens defenceman P.K. Subban, the company was set to launchethe Quebec component of Hyundai Hockey Helpers earlier today. The automaker noted […] [Read More]

Along with being listed among the Alberta Venture 250 for the first time, Carfinco Financial Group revealed this week that it is setting a record pace for loan originations during the first two months of the third quarter. Carfinco indicated its loan originations in July totaled $13.0 million, and the company said August was a […] [Read More]

According to a recent online survey from J.D. Power and Associates,  Canadian shoppers in the market for a new ride expect to go through four steps during the purchase-process and apparently, they have a very definitive timeframe in mind for each dealership interaction. And 15 minutes might be the magic ticket. [Read More]

Gas prices are still rising, but you wouldn’t know if judging by action in the lanes. Though overall wholesale segment price movement is expected to flow in the downward direction over the course of the current week, NADA Used Car Guide reported that large pickups and midsize vans  are positioned to increase by  $125 and […] [Read More]

Summer began its descent with a banner month for certified pre-owned sales. It was the strongest August ever for the CPO market, according to Autodata Corp., and a quartet of brands posted their best-ever certified figures. Specifically, there were 160,206 CPO sales during the month, which marked a 9.6-percent year-over-year increase and a 6.1-percent jump […] [Read More]

According to a new study, the average car dealership could generate an extra $106,000 each year in profit, by improving the customer experience. Maritz Research this week released the results of its Automotive Customer Experience Payback Study, which measures the financial returns of a positive car-buying experience. The study found that said the average dealership […] [Read More]