Nissan North America recently announced that it will begin sharing Nissan and Infiniti vehicles’ open safety and emissions recalls with Carfax, vehicle history information company, in an effort to improve transparency for used-car shoppers. The automaker will provide updated vehicle identification numbers with open recalls to Carfax on a weekly basis in hopes that the […] [Read More]

FORT WORTH, Texas — General Motors Financial Co. announced late last week that it has priced a private offering of $500 million worth of 6.75 percent senior notes due in 2018. The notes will be offered only to qualified institutional buyers in accordance with Rule 144A and to non-U.S. persons under Regulation S under the Securities Act of 1933, […] [Read More]

TUSCALOOSA, Ala. — J.D Byrider announced it is partnering with a Tuscaloosa, Ala., franchisee to support tornado victims and the community. Steve and Jeanne Locklear, who own a Tuscaloosa J.D Byrider location, as well as the Locklear Chysler Jeep Dodge dealership, donated $1,500 to Holy Spirit Catholic Church and $1,000 to the Salvation Army of Tuscaloosa to support […] [Read More]

SCHAUMBURG, Ill. — Along with determining the top 20 lenders by market share, Experian Automotive revealed it has started to track a new piece of data for its quarterly analysis of vehicle financing. It is now taking a deeper look into used financing by model year. Experian discovered that franchise dealer financing activity for used units from […] [Read More]

BENTONVILLE, Ark. — Propelled by a 16.4-percent revenue jump during the fourth quarter, America's Car-Mart showed that it finished its 2011 fiscal year with gains in net income, its customer base and more. Car-Mart's fiscal year wrapped up on April 30 with net income rising to $2.54 per diluted share, including a 3 cent per […] [Read More]

Manheim’s flagship Canadian location has a new general manager. It was revealed Friday morning that chosen to head up Manheim Toronto is Cheryl Munce, who has served as the vice president of strategy, online and business development for Manheim in Canada since 2009. [Read More]

Celebrating 25 years of providing protection to Canadian auto shoppers, the Motor Vehicle Dealers Compensation Fund commemorated its silver anniversary earlier this week at the Annual and General Meeting of the Ontario Motor Vehicle Industry Council. “We can actually say that Ontario’s consumers are learning to ‘Buy with Confidence’ from provincially-registered dealers who maintain this […] [Read More]

Canadian wholesale prices during April were stronger than what is typical for the season, meaning that despite the fact that values were down sequentially, the ADESA Canada Used Vehicle Price Index improved marginally over the previous month. Specifically, ADESA’s data — powered by ALG Canada — indicated that the index jumped about 0.3 points in […] [Read More]

Following a two-year suspension of the annual series, General Motors revived its Dealer of the Year Award program and spotlighted the “best-of-the-best” in its dealer body during a ceremony on Wednesday night. The 2010 Dealer of the Year Award honors were bestowed upon 50 Chevrolet, 16 Buick, 16 GMC and 20 Cadillac dealerships. Not only […] [Read More]

The president of van Wagenen Financial Services is stepping down at the end of this month, the company revealed this week. Retiring after several decades with the company, Mary Wood — who has served as president since 2004 — will be replaced by William Nutt, who formerly served as president and chief executive at United Guaranty […] [Read More]