The federal government is demanding stronger vehicle fuel efficiency and automakers have certainly been doling out the investment to pay for stronger gas mileage and alternative-powertrain technology. Granted, there is still some debate as to whether these alternative-fuel vehicles will truly catch on, but analysis from Deloitte suggests that younger car buyers may be the […] [Read More]

One nominee is the son of an Ellis Island immigrant. Another nominee is part of a family that’s operated a dealership for more than 100 years. Yet another took what some might consider a big leap — going to work with his father-in-law. In the next group of profiles of nominees for TIME Dealer of […] [Read More]

SureSale Certified has made its debut in Phoenix, Mota Motors revealed earlier this week, and officials contend that it gives dealers in the area even more options in terms of offering certified pre-owned vehicles. As detailed by Auto Remarketing last month, SureSale Certified is a new third-party CPO program from Mota Motors that offers eligibility […] [Read More]

IRVINE, Calif. — Consumer Portfolio Services recently recapped the charitable impact company employees made last year not only near their California headquarters but also close to branch offices in Virginia, Florida and Illinois.   CPS highlighted that employees' charity contributions in 2011 included: —Susan G. Komen Foundation: $5,374. —Operation Homefront, a program supporting soldiers and their […] [Read More]

WASHINGTON, D.C. — While the Federal Reserve didn't begin a new year with a monthly look at trends associated with new-vehicle loans generated by finance companies, officials did present November data about contracts from commercial banks. The Fed discovered the average interest rate on a 48-month, new-vehicle loan from a commercial bank came in at […] [Read More]

SOUTHLAKE, Texas — Peritus Portfolio Services, a purchaser of open bankruptcy auto secured paper from dealers, finance companies, banks and credit unions, recently formed an alliance with PassTime, a provider of GPS tracking and automated collection technology solutions to the specialized automotive finance industry. As part of the alliance, officials indicated more than 2,500 PassTime […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} NEW YORK — Less than two years from launch date. Mercedes-Benz Financial Services […] [Read More]

The Auto Remarketing Canada conference revealed the addition of new speakers and sponsors this week, including key executives from Canadian Black Book and Automotive Lease Guide. New executives joining this conference include Josh Bailey, of Canadian Black Book; Carey Smith, director of investigations for the Motor Vehicle Dealers Act; and Matt Rispin, of the North […] [Read More]

The dearth in vehicles coming off lease has been a topic of great concern within the certified pre-owned programs at automakers in the U.S., as these units are typically a vital source of CPO-worthy inventory. But are dealers experiencing the same issues in Canada? Based on what most automakers are telling Auto Remarketing Canada, off-lease […] [Read More]

In what is designed to help wholesale buyers and sellers in both the U.S. and Canada, ADESA revealed this morning that visitors to its website can check out the wholesale vehicles on both OPENLANE.com and ADESA.com without ever leaving the site. In other words, this offers ADESA customers a seamless way to tap into OPENLANE’s […] [Read More]