ENGLEWOOD CLIFFS, N.J. — Maserati North America recently tapped Ally Financial to be its official preferred financing provider for brand vehicles in the U.S. and Canada. The luxury automaker indicated Ally will offer wholesale financing and insurance for dealers and retail financing and leasing for consumers. Ally and Maserati have entered into a multi-year agreement […] [Read More]

NORTH LITTLE ROCK, Ark. — J.D. Byrider announced late last week that it is opening a new dealership, the company’s first in Arkansas. The new 25,000-square-foot store is located in Sherwood, Ark., and offers on-site financing, used-car sales, a service department and a customer service center. The Sherwood location is the third dealership for co-owners […] [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute recently asked visitors to its website if the new Consumer Financial Protection Bureau would be more effective run by one director or a five-member board. Results from the ABI Quick Poll showed a majority of respondents — 60 percent — indicated the CFPB will be more effective if […] [Read More]

FARMINGTON HILLS, Mich. — TD Bank Group held a special celebration late last week in Michigan to officially announce the launch of its North America auto lending brand, TD Auto Finance.  Moreover, the company is already apparently 25 percent ahead of expectations in signing up U.S. dealers. "In the last 70 days, we've been able […] [Read More]

Ritchie Bros. Auctioneers is hosting a multimillion-dollar sale next week that will feature more than 2,000 heavy equipment items and trucks for sale. The two-day unreserved public sale will be held June 22 and June 23 at the company’s permanent site in Houston. Among the equipment up for sale are: —Two 2010 Tigercat 724E feller […] [Read More]

In an effort to provide clarity regarding possible changes connected with automotive debt collection practices, American Financial Services Association’s government affairs committee recently published a white paper about the topic. “With the passage of the Dodd-Frank Act, regulation of debt collection activities will likely increase as the new Consumer Financial Protection Bureau will have the […] [Read More]

Renovo Services recently unveiled its new brands and corporate identity for each of its four company segments as well as a revamped website meant to serve lenders and other companies that need recovery services. Company officials emphasized Renovo Services’ new brands and identities are meant to stress that they can handle any or all segments […] [Read More]

The certified pre-owned market experienced its first year-over-year drop in 15 months, but year-to-date sales remain above the 2010 pace, according to Autodata Corp., which indicated that the industry’s CPO sales came in at 144,523 units during May. This total for the month is down 3 percent from May 2010 and puts the year-to-date total […] [Read More]

CarMark Certified, the new vehicle certification program designed for franchise, former franchise and independent car dealers, has gained significant momentum in its first eight months of operation. CarMark compares favorably and, in many facets, is equivalent to automakers’ factory Certified Pre-Owned  programs. Now being offered by dealers in 20 U.S. states, CarMark Certified provides dealers with […] [Read More]

A headline contained within the latest edition of Guidelines produced by NADA Used Car Guide usually refers to what happens when a television show loses appeal. But this time, the reference to “jumping the shark” was connected with the escalating prices for compact and midsize cars. “As any dealer can attest, prices for used, late-model […] [Read More]