SCHAUMBURG, Ill. — Experian Automotive discovered the automotive loan market showed continued improvement as the fourth quarter closed with interest rates for new and used vehicle contracts reaching the lowest levels since 2008. Experian's quarterly automotive credit analysis also showed average credit scores for new and used vehicle loans dropped, the percentage of loans to […] [Read More]

CARY, N.C. — Looking to mimic the great success of sister publication Auto Remarketing on LinkedIn, SubPrime Auto Finance News recently launched a group on the business social media website. Cherokee Automotive Group editor Jennifer Reed believes the platform can be an outlet to generate beneficial conversation about the ever-changing world of vehicle loans, finance […] [Read More]

HOUSTON — Gulf States Financial Services and GSFSGroup, a nationwide provider and administrator of F&I products and reinsurance structures, recently hired a new director for its national sales division. Accepting the role is Keith Cooper, who has been charged with further continuing the development of GSFSGroup's national footprint. The company indicated Cooper's priorities will include […] [Read More]

MEDFORD, Ore. — While also explaining its chief executive officer succession plan, Lithia Motors detailed results from a period that produced its best fourth-quarter net income ever in addition to used-vehicle sales that soared double digits. Specifically, the company sold 10,092 retail used vehicles during the period for a 24.5-percent year-over-year gain. Wholesale used sales […] [Read More]

The Ontario Automobile Dealers Association and the Toronto Automobile Dealers Association are officially merging. Announcing the combined association on Friday, officials claim the new Trillium Automobile Dealers Association will be the largest of its kind in Canada. It also marks the first time that all new-vehicle dealers in the province will be under the same […] [Read More]

During a conference call with investors discussing its fourth quarter earnings results last week, GM Financial tipped its hand on some upcoming plans it has for Canada. While declining Auto Remarketing Canada’s request for specifics, the lender said it will start offering General Motors dealers non-prime lending in Canada later this year. [Read More]

The agenda for the 2012 Auto Remarketing Canada conference presented by CarProof is now officially live on the event’s website, organizers announced today. In addition to rolling out the offiicial agenda, the conference shared some more details about one of the speakers set for this year’s lineup, Paul Potratz. Explaining what he will cover, officials […] [Read More]

While also explaining its chief executive officer succession plan on Wednesday, Lithia Motors detailed results from a period that produced its best fourth-quarter net income ever in addition to used-vehicle sales that soared double digits. Specifically, the company sold 10,092 retail used vehicles during the period for a 24.5-percent year-over-year gain. Wholesale used sales increased […] [Read More]

Along with recall details on its Odyssey and Pilot, Honda revealed several changes in its U.S. executive ranks on Wednesday, moves the OEM insisted are designed to strengthen its North American regional operations to further speed decision-making and increase efficiency and competitiveness within the region. [Read More]

Habitat for Humanity Detroit has gotten the ball rolling on a $25 million city revitalization project thanks in large part to the generosity of a Big 3 chief executive. Donating a $1 million personal gift to the “Leaders to ReBuild Detroit” initiative was the top boss of General Motors, Dan Akerson. The aim of the three-year […] [Read More]