What might sound like depressing economic news for consumers actually could be uplifting topics for used-vehicle dealers. Jonathan Banks, executive automotive analyst for NADA Used Car Guide, explained why the recent drumbeat of faltering employment levels and wavering consumer confidence will likely only continue to push potential buyers over to the used department rather than new-retail showrooms. […] [Read More]

Just days after revealing a recall of the CR-V and Fit, Honda Motor Co. announced the extent of a Pilot recall in the U.S. and Canada. Honda will voluntarily recall 310,773 Pilot vehicles from the 2009 through 2011 model years in the U.S. and another 9,954 Pilots in Canada from the same model years. The […] [Read More]

Kelley Blue Book is turning to consumer-generated “diary” blogging for a new study that it hopes can shed some light on what makes car shoppers tick and how technology may need to adapt to their needs. KBB is looking for as many as 16 prospective new- or used-car buyers to keep a virtual diary of their […] [Read More]

Hertz Global Holdings still wants to make a deal with Dollar Thrifty Automotive Group. So late last week, Hertz again announced it extended the expiration date of its exchange offer for all outstanding shares of Dollar Thrifty. The offer is for $57.60 in cash and 0.8546 shares of Hertz common stock. Hertz indicated the exchange […] [Read More]

On Monday, Honda revealed a new advertising campaign titled “Good Reasons,” that aims to highlight the automaker’s strengths, including its reputation for “safety, reliability, high quality and exceptional resale value,” noted officials. The extensive brand campaign, developed by advertising agency RPA, will feature a plethora of Honda vehicles, such as the Accord, Civic and Fit, […] [Read More]

FORT WORTH, Texas — To raise more money to fund long-term receivables, General Motors Financial recently announced the pricing of  a $900 million offering of automobile receivables-backed securities. The securities are through lead managers J.P. Morgan, Credit Suisse and Deutsche Bank Securities. Co-managers are Barclays Capital, Morgan Stanley, RBS and Wells Fargo Securities. Officials explained the securities will […] [Read More]

LOS ANGELES — By and large, SubPrime Auto Finance News is hearing that indirect auto lending and contract purchasing has loosened up a bit and money is flowing more freely as the economy and industry slowly recovers. Since auto financing plays such a vital role in driving vehicle sales, SubPrime Auto Finance News sought out […] [Read More]

MINNEAPOLIS — Web-based loan origination software company TCI will now offer Wolters Kluwer Financial Services’ Bankers Systems retail contracts and lease agreements through its DecisionLender platform in an effort to simplify the lending process. As a result of this new relationship, the company’s Bankers Systems retail contracts and lease agreements will be integrated into TCI’s […] [Read More]

HOUSTON — Triggered by their industry growth, the National Alliance of Buy-Here, Pay-Here Dealers and Subprime Analytics recently relocated their corporate offices. The organizations are staying in Houston, but now they can be found at: 2180 North Loop West, Suite 270 Houston, Texas 77018 Telephone: (832) 767-4759 Fax: (713) 680-2474 Ken Shilson, president of both […] [Read More]

The brand-new Re3 Conference — Recovery, Repossession and Remarketing — will tackle a key topic for the repossession industry with its second panel discussion. The session, titled “Selling Repos Directly from Agent Lots: The good, the bad, and the opportunity,” will feature: —Brent Huisman, vice president, asset remarketing, Santander —Zach Hallowell, business line director, OPENLANE […] [Read More]