Three nominees seized opportunities to enter the industry when dealerships came up for sale. And they have flourished ever since. In the final group of profiles of nominees for TIME Dealer of the Year Award, these store executives all share what’s important to them — in and out of the showroom. The awards program, which […] [Read More]

NEW YORK — With used-vehicle origination volume paving the way, Ally Financial leadership praised its fourth-quarter and full-year auto finance performance, as the company revealed its latest balance sheet readings this week. Officials tabulated that Ally's North American automotive finance operations, which include results for the U.S. and Canada, generated pre-tax income of $478 million […] [Read More]

CHARLOTTE, N.C. — LendingTree launched a new-vehicle lead program this week, expanding on its existing automotive finance business, LendingTree Autos. Through this program, the company explained, franchised dealerships now can leverage the brand of LendingTree Autos to market to consumers in the purchase process for new models. Officials said the purpose of their New Car […] [Read More]

CARMEL, Ind. — Just a short time after revamping its website, Automotive Finance Corp. today officially rolled out a mobile app designed to address its dealer customers' business needs. Officials highlighted that the AFC on the Go mobile app was developed after surveying customers about their mobile computing challenges. AFC's mobile app is available for […] [Read More]

GREENWOOD VILLAGE, Colo. — Auto Portfolio Services recently entered into an agreement with Prentice Acceptance Corp. to provide third-party loan servicing for their growing consumer finance portfolio. "Prentice chose APS for because of their ability to adjust to our unique requirements, their willingness to work with our growing portfolio, and their track record of success," […] [Read More]

The 2012 Auto Remarketing Canada conference presented by CarProof added another keynote speaker this week to complement its existing lineup of leading Canadian remarketing executives and dealers. Signing on to the conference lineup is Steve Coulman, national remarketing manager at BMW Group Financial Services Canada. He joins an April 17 keynote panel that includes: —Claudio DeAngelis, […] [Read More]

Mercedes-Benz Financial Services Canada president and chief executive officer Brian Fulton has been chosen to head up financial services in China; and appointed to take his place in Canada is Stefan Karrenbauer, the company announced earlier this week. The changes were officially effective on Wednesday. Karrenbauer most recently headed up operations development at Mercedes-Benz Bank […] [Read More]

Canadian certified pre-owned sales for the Honda brand in 2011 stayed fairly consistent with the prior year, narrowly missing the 20,000 unit mark; while the Honda Canada’s Acura brand saw its CPO sales soar 30 percent year-over-year. And following such a strong certified year for the automaker, Rob Hodge told Auto Remarketing Canada this week […] [Read More]

Lasco Ford was already the brand’s No. 2-ranked dealer for certified pre-owned sales, but general manager Matt Lasco told Auto Remarketing that with the revamped CPO programs the automaker is rolling out today, his store can see certified sales growing by 20 percent. With both the Ford/Mercury and Lincoln certified programs receiving upgrades, CPO executives […] [Read More]

Experian Automotive launched Wednesday a new program for dealers that the company says aims to provide more information for dealers and insights into “the market, the vehicles and the people who buy them.” New vehicle history program AutoCheck Elite is designed to enable dealers to make better inventory and marketing decisions, drive the right customers […] [Read More]