Just a few years ago, dealership doors in the U.S. were slamming shut as auto sales floundered and two of the Big 3 automakers went through bankruptcy. But in a stark difference to what happened in the overall American auto industry in recent times, Nissan said Monday it  is aiming to increase its global dealership […] [Read More]

Carfax revealed Monday that it has hired a longtime remarketing veteran to serve as its national director for strategic partners. Appointed to the role is Don Elliott, whose more than 20 years in the industry includes time with companies such as ADESA and Mazda. In his new role, Elliott heads up the company’s campaign to […] [Read More]

Ford’s No. 1 boss has received a top-flight honor from his contemporaries in the corporate world, who picked him as 2011 Chief Executive of the Year. Alan Mulally, Ford’s chief executive officer, joins a list of winners of the Chief Executive magazine’s honor that includes such leaders as Bill Gates, Jack Welch and Michael Dell. […] [Read More]

J.D. Power and Associates insisted new-vehicle retail sales have rebounded during the first half of June as consumers — despite mixed economic signals — returned to dealerships. Analysts pegged June new-vehicle retail sales to come in at 884,800 units, which represents a seasonally adjusted annualized rate (SAAR) of 9.9 million units. They pointed out the […] [Read More]

Cars.com unveiled the site’s annual American Made Index Monday, and for the third consecutive year the Toyota Camry took the top spot. The Camry, which is assembled in Georgetown, Ky. and Lafayette, Ind., is followed by the Honda Accord and the Chevy Malibu, which were ranked No. 2 and No. 3 respectively. This year’s list […] [Read More]

Cars.com unveiled the site’s annual American Made Index Monday, and for the third consecutive year the Toyota Camry took the top spot. The Camry, which is assembled in Georgetown, Ky. and Lafayette, Ind., is followed by the Honda Accord and the Chevy Malibu, which were ranked No. 2 and No. 3 respectively. This year’s list […] [Read More]

CHADDS FORD, Pa. — Flagship Credit Acceptance announced today it plans to purchase existing non-prime and subprime auto loan portfolios ranging from $5 million to in excess of $250 million from dealers and finance companies throughout country.  The portfolio acquisition program will target paper with the following range of characteristics:  —Non-prime and subprime portfolios. —Portfolios ranging from $5 million to […] [Read More]

IRVINE, Calif. — Following a successful rollout in California last month, CarFinance Capital — a new, specialized provider of indirect non-prime auto financing for dealers — is now making its service-oriented program available in Texas. Led by an experienced team that previously built Triad Financial into one of the largest U.S. auto finance companies, CarFinance […] [Read More]

HAUPPAUGE, N.Y. — GrooveCar — one of Long Island's largest dealer marketing products and indirect lender of auto loans — recently invited Long Island credit union members and the general public to take advantage of its annual vehicle sale, which officially kicks off July 15. During this event, more than 100 Long Island-based dealers participating […] [Read More]

PLANO, Texas — Now that the company has successfully weathered the capital markets storm, Capital One Auto Finance president Kevin Borgmann explained to SubPrime Auto Finance News his division is ramping up growth via new dealer relationships and hiring associates. In addition to expanding and deepening relationships with franchised and top independent dealers via its Diamond […] [Read More]