Along with revealing regional winners, General Motors Financial named its 2011 Auction of the Year as part of the company’s nationwide Auction of Excellence program. Taking the top honor was ADESA San Diego. Every year, GM Financial explained representatives review the performance of participating auctions in a variety of categories, including customer service, marketing promotions, […] [Read More]

Are you ready to “retweet” something from ServNet on Twitter or “like” its latest Facebook update?                                                  [Read More]

Despite sluggish economic conditions in Europe, Hertz Global Holdings established records during 2011 for income, revenue and more as the company recently highlighted its financial performance. Beginning with a look at fourth-quarter numbers, Hertz reported $2.0 billion in worldwide revenues, an increase of 9.7 percent year-over-year or 9.8 percent year-over-year excluding the effects of foreign […] [Read More]

Claiming it is the first Big 3 brand to do so, Jeep announced Thursday that its Facebook fan count has reached 2 million. Eclipsing this summit, Jeep contends it has roughly a 700,000-fan lead on the nearest Big 3 competitor. “On behalf of the entire Jeep brand team, I would like to extend a personal […] [Read More]

SCHAUMBURG, Ill. — Experian Automotive discovered the automotive loan market showed continued improvement as the fourth quarter closed with interest rates for new and used vehicle contracts reaching the lowest levels since 2008. Experian's quarterly automotive credit analysis also showed average credit scores for new and used vehicle loans dropped, the percentage of loans to […] [Read More]

CARY, N.C. — Looking to mimic the great success of sister publication Auto Remarketing on LinkedIn, SubPrime Auto Finance News recently launched a group on the business social media website. Cherokee Automotive Group editor Jennifer Reed believes the platform can be an outlet to generate beneficial conversation about the ever-changing world of vehicle loans, finance […] [Read More]

HOUSTON — Gulf States Financial Services and GSFSGroup, a nationwide provider and administrator of F&I products and reinsurance structures, recently hired a new director for its national sales division. Accepting the role is Keith Cooper, who has been charged with further continuing the development of GSFSGroup's national footprint. The company indicated Cooper's priorities will include […] [Read More]

MEDFORD, Ore. — While also explaining its chief executive officer succession plan, Lithia Motors detailed results from a period that produced its best fourth-quarter net income ever in addition to used-vehicle sales that soared double digits. Specifically, the company sold 10,092 retail used vehicles during the period for a 24.5-percent year-over-year gain. Wholesale used sales […] [Read More]

The Ontario Automobile Dealers Association and the Toronto Automobile Dealers Association are officially merging. Announcing the combined association on Friday, officials claim the new Trillium Automobile Dealers Association will be the largest of its kind in Canada. It also marks the first time that all new-vehicle dealers in the province will be under the same […] [Read More]

During a conference call with investors discussing its fourth quarter earnings results last week, GM Financial tipped its hand on some upcoming plans it has for Canada. While declining Auto Remarketing Canada’s request for specifics, the lender said it will start offering General Motors dealers non-prime lending in Canada later this year. [Read More]