WASHINGTON, D.C. — While the Federal Reserve still hasn't resumed its regular reporting on averages for new-vehicle loans by finance companies, officials late last week did post the latest average by commercial banks. The Fed indicated the average interest rate on a 48-month, new-vehicle loan from a commercial bank came in at 5.07 percent in […] [Read More]

ALEXANDRIA, Va.— As the first quarter of 2012 comes to an end, the bankruptcy filing rate for the period reflect a recovering economy and cautious consumers. The American Bankruptcy Institute reported a 12-percent dip in bankruptcy filings since the same period of 2011, while commercial filings dropped a significant 19 percent. “With the economic recovery […] [Read More]

GAINESVILLE, Ga. — Just a couple of months after Black Book brought in Jeff Bunch to be its director of automotive licensing, the firm promoted the industry veteran to a new position. Black Book announced Bunch has been elevated to vice president of lender solutions. In this role, Bunch will be responsible for leading Black […] [Read More]

When the 2012 Auto Remarketing Canada conference presented by CarProof kicks off in less than two weeks, attendees won’t have to look far for an abundance of insight on the Canadian used-car market. Among the many workshops and presentations offered at the event  — scheduled for April 16–18 at The Fairmont Royal York in Toronto […] [Read More]

In light of data suggesting the automaker’s cars tend to stay on the road quite a while, Subaru Canada rolled out a new 500,000-kilometer maintenance schedule designed to prompt owners of older units to continue stopping by the dealership service shop after the warranty expires. Citing the automaker’s Canadian sales data and R.L. Polk Canadian […] [Read More]

The Canadian new-vehicle market climbed nearly 3 percent in March with several brands enjoying record sales, closing what was a strong first quarter. Specifically, there were 157,750 new vehicles sold in Canada last month, up 2.8 percent year-over-year, according to the latest Market Snapshot from DesRosiers Automotive Consultants. Through March, sales have reached 361,959 units […] [Read More]

Just a couple of months after Black Book brought in Jeff Bunch to be its director of automotive licensing, the firm promoted the industry veteran to a new position on Wednesday. Black Book announced Bunch has been elevated to vice president of lender solutions. In this role, Bunch will be responsible for leading Black Book’s […] [Read More]

Kelley Blue Book revealed the winners of its 2012 Brand Image Awards on Wednesday, and highlighting the list of honorees was a quartet of repeat winners. Honda took the Best Value Brand category for the second straight year, and Cadillac earned its second straight honor as Best Comfort Brand. Meanwhile, Mercedes-Benz celebrated its fifth straight […] [Read More]

Dealers who already are familiar with Digital Air Strike won’t see that brand go away even after a recently completed merger with ResponseLogix. This week, officials declared that Digital Air Strike would be the official company name of the recently merged automotive digital marketing companies headquartered in Silicon Valley. Officials explained that Digital Air Strike […] [Read More]

BB&T Corp. revealed its 2011 Auction of the Year on Wednesday along with a pair of other accolades. Recognized for providing top sales results, sales percentage and expenses relative to liquidation for both BB&T and its affiliate Regional Acceptance, was the 2011 Auction of the Year winner ADESA Lexington. BB&T asset remarketing manager Neil Boardman […] [Read More]