Normal 0 false false false EN-US X-NONE X-NONE FORT WORTH, Texas — Coinciding with a private offering of senior notes that could be connected to the development, a recent acknowledgement in paperwork filed to the Securities and Exchange Commission showed General Motors Financial is showing interest in Ally Financial's international operations. The SEC document indicated […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE DETROIT and CARMEL, Ind. — Automotive digital solutions company ChannelNet and iTapMenu revealed this week the two companies have partnered to bring an iPad-based "F&I menu selling to automotive showrooms." Through a value added reseller agreement that has been established between the companies, they aim to make […] [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;} STAMFORD, Conn. — VantageScore Solutions, the company behind the VantageScore credit scoring model, was […] [Read More]

The revamped certified pre-owned programs at Ford are on track to eclipse 2011 sales by 29 percent, the automaker said Monday, but that’s not the only sign of progress being spotted in its retooled CPO offering. National CPO sales manager Todd Fites shared with Auto Remarketing a few other strides Ford has made in the […] [Read More]

Experian Automotive revealed recently that consumers continued to make timely auto loan payments during the second quarter, lowering the average delinquency rate across all lending organizations, including commercial banks, captive finance arms, finance companies and credit unions. Experian’s analysis showed that the second-quarter’s 30-day delinquency rate stood at 2.52 percent, compared to 2.59 percent in […] [Read More]

American Recovery Association and RISC are holding free continuing education to benefit recovery and remarketing professionals this week, as is MasterFiles’ skip-tracing expert Alex Price. The one-hour Webinars conducted by ARA and RISC are broken into three 20-minute sessions. They are geared to focus on the “color of the law,” how recovery agents can protect […] [Read More]

Dealers making vehicle buys from the Lone Star State could see that new inventory arrive sooner, with an announcement this week from auto transport company EZTransportCorp. The company now offers same-day pick-up availability for Auto Transport Services in certain Texas cities. “Texas is conveniently located along the south truck route,” company officials said. “Most car […] [Read More]

This morning, Penske Automotive Group revealed a pair of financial note offerings. The first of the two announcements resulted in Penske commencing a cash tender offer for any and all of its outstanding $375.0 million aggregate principal amount of 7.75 percent Senior Subordinated Notes due 2016. In connection with the tender offer, the company is […] [Read More]

NADA Used Car Guide projected that used-vehicle depreciation isn’t going to slow down as the industry approaches autumn. In their August edition of Guidelines, analysts forecasted September’s average drop to be within the range of 3 percent to 3.5 percent; a level slightly less than what was listed in August’s edition of the Official Used […] [Read More]

As the number of average daily price adjustments stayed strong, rising gas prices kept Black Book editors busy last week. Managing editor Ricky Beggs pointed out that during the past six weeks, the national average price for a gallon of gasoline has risen by a total of 29 cents to $3.64 per gallon. “I hope […] [Read More]