Ritchie Bros. Auctioneers is launching a bundle of new value-added services for its customers in the U.S., Canada and throughout the world. These new services — which include detailed equipment information, real-time auction results through its website, equipment financing, powertrain service warranties and property and cargo insurance — are geared to complement and further enhance the […] [Read More]

Seen as a tool to help dealerships reduce energy costs and protect the environment, the National Automobile Dealers Association is urging its members across the country to take a new survey on their energy usage at the dealership. Based on the survey results, NADA officials said the Environmental Protection Agency will produce a 1-to-100 ENERGY […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} NEW YORK — As part of its ongoing surveillance, Fitch Ratings recently announced its […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} ALEXANDRIA, Va. — With 2011 now half completed, the American Bankruptcy Institute noticed the […] [Read More]

CLEARWATER, Fla. — Auto finance company Nicholas Financial recently announced it made it onto the Russell 2000 Index. It was added to the index — which measures the performance of the small-cap segment of U.S. equity — during Russel Investment's annual reconstruction of U.S. indexes, which became effective on June 24. While choosing membership for […] [Read More]

ATLANTA — In an overall consumer credit environment billed by Equifax to be continually improving, first-quarter auto loan originations climbed double digits, with March being the strongest month in almost three years. More specifically, Equifax said that the total number of auto loan origination for the first quarter was up 20 percent year-over-year. March loan […] [Read More]

Canadian auto superstore HGrégoire recently launched its second franchise in Québec, hosting an official grand opening of HGrégoire Canada’s Car Superstore Estrie. The dealership will service the needs of customers in the Eastern Townships and offers what the company says is the largest  physical pre-owned inventory in the region. [Read More]

Carfinco Income Fund gained a major contract earlier this week, as it agreed to service a U.S. equity fund-owned auto loan portfolio that is worth more than $150 million. And with the addition of the third-party portfolio, Carfinco plans to launch a Quebec service center. The portfolio includes both prime and non-prime Canadian consumers and is seeing […] [Read More]

Canadian fuel costs reached almost a three-year-high in May, hitting $1.31 per liter. This was the priciest fuel in Canada since July 2008, when prices reached $1.39, according to RVI Group. But expensive gas did more than just cause a financial headache at the pump. It also had an impact on wholesale values, driving them […] [Read More]

In the midst of used-car prices moving upward in the past year, there is some question as to whether this trend is like a “bubble” that will suddenly burst or — as CNW Research president Art Spinella put it — “more like a slow leak in an air mattress,” deflating gradually. To shed some light […] [Read More]