Cars.com is reportedly shopping around to possibly bring in a new creative agency and has circulated a request-for-proposal document among different companies, according to a report from AdvertisingAge. Its current partner for the last 11 years — DDB, Chicago — is in the mix, however, as it was asked to submit a proposal, the report […] [Read More]

Stemming from a merger with two other companies, mobile resource management solutions provider ProconGPS announced its new corporate name on Thursday. After it’s officially launched during a special ribbon-cutting event Saturday at its new technology center, the company will be known as Spireon. Officials explained the Spireon name binds the strategic merger of ProconGPS with […] [Read More]

NORWALK, Conn. — Despite signals of a growing U.S. auto industry recovery as well as the overall economy, a February FreeScore.com survey revealed nearly 66 percent of consumers think it will be just as difficult — or even harder — to obtain a vehicle loan this year versus last year. FreeScore.com shared the exact questions […] [Read More]

FRANKLIN, Tenn. — Nissan revealed today some changes in the senior leadership for its financial arm, gaining a new director of financial services, as well as a new director of remarketing, to name a few. Tapped for the position of director of financial services of Nissan Motor Acceptance Corp. is Kevin Chartier — current director […] [Read More]

AUSTIN, Texas — This week, Consumer Financial Protection Bureau director Richard Cordray made his highly anticipated appearance at the annual gathering of the Consumer Bankers Association. While Cordray specifically mentioned the mortgage industry and not the auto finance sector, the themes he emphasized in his comments likely pertained to any type of borrowing contract. "Our […] [Read More]

BANDON, Ore. — As many may remember, using a home-equity loan to make a new-vehicle purchase was a key method for acquiring a vehicle prior to the recession and the house-price collapse, according to CNW Research. But firm president Art Spinella says recent trends suggest that consumers are reverting back to home equity loans, especially […] [Read More]

A new financing program has been rolled out in Canada whose creators say can make it easier for expatriates to lease or finance a new or used car in the country. ExpatRide — a supplier for several North America relocation and destination services companies — has launched a program that offers lease or purchase financing […] [Read More]

It may not yet have a Canadian stronghold, but Mark Dubois envisions the potential for the buy-here, pay-here financing business in Canada. And he’s reaching out to the country’s dealers at a grassroots level during this year’s Auto Remarketing Canada conference presented by CarProof, where he will teach them more about the BHPH market’s unique […] [Read More]

In the recently released latest update to the ADESA Canada Used Vehicle Price Index, the drill-down into segment pricing trends included in the analysis shows somewhat of a mixed bag. What the analysis uncovered was that the six segments in the data were split between strong gains, declines and stability. [Read More]

Sonic Automotive revealed Wednesday it has tapped a new firm to serve as its app development team. The auto group partnered with Lextech Global Services in a deal that makes the mobile application strategy and development firm Sonic’s mobile business unit. Basically, this partnership with Lextech offers Sonic the necessary expertise to build and roll […] [Read More]