NEW YORK — Auto Finance Big Wheels rolled out its list of largest auto lenders and lessors on Monday, and topping this year’s rankings as the nation’s biggest auto finance company is Ally Financial. According to the report — which is published by the Auto Finance Advisors consultancy and is in its 12th year — […] [Read More]

The New Jersey State Auto Auction revealed recently that it has been tapped as an AskPatty.com Certified Female Friendly location, and the public auction has also teamed with AskPatty.com to roll out a micro-site that specializes in providing auto resources for women. To earn the certification from AskPatty, auction employees had to go through rigorous […] [Read More]

Nevada-based repossession agency Zane Investigations recently decided it will begin offering its volume and prime customers service throughout the state, without mileage charges in excess of the standard repossession fee. Zane is calling the program “No Mileage Nevada” and believes it’s the only one of its kind in the state. The company said customers can […] [Read More]

U.S. Department of the Treasury officials recently hired a pair of experts in economics and civil rights to serve in senior leadership roles for the Consumer Financial Protection Bureau. Tapped for the spots were Sendhil Mullainathan, who will serve as assistant director for research, and Patrice Alexander Ficklin, who will be assistant director for fair […] [Read More]

Even though production for several automakers remains below full steam due to the Japanese quake effect, new-vehicle sales essentially picked up right where they left off at the end of April and are continuing to gain ground, Edmunds.com pointed out Friday. The company also spotted a $350 increase in the average new-car price during the […] [Read More]

Auto Remarketing learned Friday that BB&T Corp. has named a 2010 Auction of the Year. Taking these top honors is Manheim Tennessee Auto Auction. Manheim Tennessee was recognized for providing top sales results, sales percentage and expenses relative to liquidation for both BB&T and its affiliate, Regional Acceptance. Customer service, facility management and operational effectiveness […] [Read More]

In the latest development involving the pursuit of Dollar Thrifty Automotive Group, the Tulsa, Okla.-based rental company and Hertz Global Holdings said late last week they will cooperate as Hertz seeks the regulatory green light from the Federal Trade Commission regarding its offer to purchase Dollar Thrifty. Hertz proposed an exchange offer for all outstanding […] [Read More]

Altamont Capital Partners’ recent purchase of J.D. Byrider recently gained more financial support through a debt investment by Prospect Capital Corp., a closed-end investment company that lends to and invests in private and microcap public businesses. Prospect Capital is injecting $25 million into the deal. Altamont plans to provide Byrider with strategic direction, experienced resources […] [Read More]

Online ad technology company Netsertive recently created a new solution aimed to help dealerships. Netsertive stressed its new offering is in response to the growing need for dealers to better target local consumers and be discovered online, even as they primarily do business “offline.”  Netsertive’s technology platform, time-tested in several other similar industries, specifically addresses […] [Read More]

Subaru of America revealed its new senior vice president of sales late last week, appointing Bill Cyphers to the post. The longtime Subaru executive has worked in several roles for the company since joining in 1984, the most recent of which was his position as regional vice president of the Eastern region. Other vice president […] [Read More]