As part of a broad range of new services launched at the beginning of last month, Ritchie Bros. Financial Services tapped its financing provider for operations in the United States — going with Direct Capital. RBFS commenced operations on July 1 and is partnering with leading equipment finance providers in an attempt to bring fast, […] [Read More]

As Chevrolet prepares for its 100th birthday — Nov. 3 — the automaker recently revealed it will reach yet  another landmark this year. The 100-millionth Chevy Small Block engine — a compact V-8 engine — will be produced this year. Introduced to the industry in 1955, Jim Campbell, vice president of General Motors performance vehicles […] [Read More]

Buycentives and Dataium, aggregator of automotive shopping behavior, revealed Tuesday a partnership that aims to utilize both company’s technologies to turn more new- and used-car shoppers into buyers. As part of the strategic partnership, Buycentives — a provider of real-time incentives to the automotive industry — will use Dataium’s Cloud Intelligence platform "to enhance the […] [Read More]

DealerRater said Wednesday that it recently reached a milestone in its dealer customer base and also hit a landmark for dealership evaluations on the site. More specifically, the dealer review website said it signed on the 4,000th member to the Certified Dealer Program. Moreover, the site reached 400,000 store reviews posted by consumer customers. Both […] [Read More]

SAN DIEGO — Fueled by more customers and staff, LEAP Financial, an auto leasing company that helps consumers facing repossession or bankruptcy either keep their vehicle or get a different one, recently expanded its footprint in San Diego. In a deal brokered by Hughes Marino, one of San Diego's leading commercial real estate company exclusively […] [Read More]

BURNSVILLE, Minn. —Northland Auto Enterprises — creator of used-car leasing program Ren’T’Own — revealed this week the launch of their new website. The site, www.rtolto.com, aims to educate consumers on the potential benefits of used-car leasing and also provides dealers with free sales leads, stressed company officials. The company also noted three goals were in mind […] [Read More]

WASHINGTON, D.C. — The credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs), and nonbanks — which could include accounts such as subprime auto loans — have improved this year for the second consecutive year, according to the latest Shared National Credits Review. This review is compiled by the […] [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced the completion of a $75 million revolving secured warehouse facility with an institutional investor. The company noted that under this facility it will contribute loans to a wholly-owned special purpose entity (SPE), and the SPE may borrow up to the lesser of 80 percent of the net […] [Read More]

The Chubb Group of Insurance Companies rolled out a free mobile app this year that serves as a collector-car valuation tool and late last week made it compatible on BlackBerry products. Initially launched for the iPad, iPhone and Android-based products, there has been more than 13,000 downloads of the Classic Car Guide app since its […] [Read More]

Though the 2012 Honda Civic LX was panned earlier this month by Consumer Reports, editors with Kelley Blue Book were singing a different tune when reviewing another trim line of the 2012 Civic. Kbb.com unveiled the winners of the 2011/2012 Compact Sedan Comparison Test this morning and tied atop the test group was the 2012 […] [Read More]