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]

NADA Used Car Guide discovered that AuctionNet wholesale prices followed a familiar upward course in January. Although senior analyst Jonathan Banks indicated the 1-percent mileage-and-mix adjusted rate of appreciation was a bit less than what he’s seen in recent years following the transition from December. “This being said, the slowing rate of appreciation was expected […] [Read More]

Pushed by a used-vehicle performance that left the company’s chairman “extremely pleased,” Penske Automotive Group closed its most profitable year ever on a high note. Penske’s fourth-quarter used retail sales climbed 20 percent at 32,183 units, which helped lead to a 10.6-percent retail sales spike (including new and used) for the group during the period. […] [Read More]