Payless Car Sales and Bob Dance Imports will officially debut the first dealers to sign on to the Payless Assurance certified pre-owned program when the newest Payless franchise holds a grand opening Monday just outside of Orlando, Fla. In addition to being the first Payless Assurance participant, the new store in Sanford, Fla., will also […] [Read More]

In the hours after the Giants notched a Super Bowl win, some car advertisers were seeing consumer interest soar, a welcome result to the time and money spent for the coveted ad spots during the big game. But did these spikes last? Are shoppers still thinking about  Lexus’ first ever Super Bowl ad ever or […] [Read More]

McLEAN, Va. — Auto finance originations by Capital One Financial Corp. picked up significantly during the fourth quarter when compared to the close of 2010. Capital One recently revealed its fourth-quarter originations totaled $3.6 billion, 61.8 percent higher than the fourth quarter of 2010. The figure also represented 5.2-percent jump from the third quarter of […] [Read More]

SAN DIEGO, and CINCINNATI — An auto leasing company who serves consumers having difficulty obtaining credit and 722 Redemption Funding — a provider of vehicle financing for customers filing Chapter 7 bankruptcy — are teaming up to offer redemption and replacement financing for these very same customers. The two companies note that since both 722 Redemption and LEAP […] [Read More]

NEW YORK — Fimalac S.A., the French parent company of global ratings agency Fitch Group, recently revealed it is selling an additional 10 percent in the ratings agency to Hearst Corp., parent of Black Book. This brings Hearst to a 50 percent equity stake in Fitch.  The transaction is valued at $177 million. Hearst acquired […] [Read More]

FORTH WORTH, Texas — Back when General Motors was shopping for a new lender relationship, one of its key goals appeared to be ramping up sales through non-prime approvals. And its relatively new symbiotic partnership with AmeriCredit — now known as GM Financial — appears to be paying off. In revealing its quarterly results Thursday, GM Financial announced […] [Read More]

A familiar pair of Japanese brands has taken top honors in ALG’s fourth annual Canadian Residual Awards yet again, but as ALG Canada regional director Geoff Helby told Auto Remarketing Canada this morning, the gap is closing dramatically. [Read More]

The Auto Remarketing Canada conference presented by CarProof has added a pair of new corporate partners, and organizers have also announced additional speakers for the event, which is being held April 16–18 at The Fairmont Royal York in Toronto. Moreover, the official site for the conference has been launched and can be seen at http://arcanada.autoremarketing.com. […] [Read More]

Canadian Black Book unveiled the 2012 Best Retained Value Awards today and dominating this year’s honors were Japanese brands, particularly Toyota and Lexus. The awards honor the vehicles across 17 segments that maintain their value the best. Including the tie between the Honda Accord and Subaru Outback in the midsize car category, 11 of the […] [Read More]

In what proved to be the strongest year yet for J.D. Power and Associates’ U.S. Vehicle Dependability Study, it was discovered that the market’s most reliable brand is Lexus, based on the study’s findings. This win by Lexus marks a banner year in the study for Toyota as an OEM. The Toyota and Scion brands […] [Read More]