On Monday, Toyota USA announced it’s conducting a voluntary safety recall of about 94,000 Sienna vehicles from the 2011 model year. The vehicles involved were produced prior to early November 2010. The automaker plans to replace the stop lamp (or brake light) switch bracket. [Read More]

OVE.com revealed Monday that it recently signed on its 100th independent auction partner, which was State Line Auto Auction in Waverly, N.Y. Officials revealed that OVE.com is now the “online partner of choice” for about 80 percent of the National Auto Auction’s member auctions. [Read More]

For the first time in company history, Hyundai Motor America announced it will surpass 500,000 vehicles sold in the U.S this year. In fact, the automaker eclipsed the milestone late last week and now expects to sell more than 530,000 vehicles this year.   Hyundai’s previous high for U.S. sales was 467,009 units in 2007.   Officials shared […] [Read More]

Calling it one of the largest donations in the company’s 34-year history, Mark Reuss announced that General Motors is handing out almost $30 million to ensure more Detroit-area students obtain a high school diploma. The foundation plans to give $27.1 million to the United Way for Southeastern Michigan to create Networks of Excellence at five existing area […] [Read More]

HOUSTON — First Investors Financial Services made strong strides in several facets of its balance sheet — including net income and loan origination volume — during its fiscal second quarter that wrapped up Oct. 31. Company officials revealed that they generated net income of $1,005,324 or 21 cents per fully diluted share for the three months that ended […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Executives from Finance Express and Tidewater Motor Credit recently finalized a partnership to broaden the indirect subprime automotive finance company's Web-based services and technology for independent dealerships. "The relationship with Finance Express aligns with TMC's vision statement for excellence in technology and will further enhance Tidewater Motor Credit's ability to service […] [Read More]

BANDON, Ore. — As time passes, more and more consumers with lower credit ratings are finding they can get approval to purchase vehicles, which is helping to bolster the overall sales totals, CNW Research recently revealed. In fact, Art Spinella, president of CNW Research, pointed out, "December's early returns show a continuation of the decline in […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne recently announced that it is now offering dealers a complimentary Risk-Based Pricing Notice tool to assist in compliance with the Risk-Based Pricing Rule issued jointly by the Board of Governors of the Federal Reserve System and the Federal Trade Commission. The Risk-Based Pricing Rules generally require a creditor (in most cases […] [Read More]

The American Recovery Association revealed the first nine dates and locations for its daylong training session on wide array of industry subjects. The Collateral Recovery and Remarketing Accreditation Program is aimed at lenders, ARA members and their employees. Focused on innovation and education, ARA explained it developed the accreditation program to provide its members with […] [Read More]

Repo Remarketing recently finalized an agreement with Credit Union Resources, an affiliated company of the Texas Credit Union League, to be its preferred provider of repossession and remarketing needs for Texas credit unions. Linda Winkfein, vice president of lending resources and business development for Credit Union Resources, elaborated about why the company went with Repo […] [Read More]