KAR Auction Services said Friday that its $1.865 senior credit facility has been amended, while also revealing that the company has rolled out a cash tender for notes. [Read More]

For the second time in less than a month, Nissan North America issued a voluntary safety recall of more than a half million vehicles. The recall announcement  from late last week — which covered vehicles in the U.S., Canada and other parts of the world —  is to replace the lower steering column joint and shaft on […] [Read More]

Officials from LeaseTrader.com and Edmunds.com believe greater amounts of consumers are having significant remorse about leasing a new vehicle. Why? The sites contend these individuals failed to research the effect their new unit would have on insurance premiums. Edmunds.com determined that leases currently are making up more than 20 percent of all new-vehicle transactions for […] [Read More]

Though reporting an overall net loss as far as income goes, Autobytel emphasized the progress the company has made with its various revenue streams when the company revealed its third-quarter financial performance late last week. Looking at specifics, the company indicated that its third-quarter net loss was $3.1 million, or 7 cents per share. The […] [Read More]

Enterprise Holdings ramped up its representation in electric-vehicle leadership late last week when chairman and chief executive officer Andrew Taylor became part of the Electrification Coalition. As some may know, composing the nonprofit coalition are business leaders from various part of the budding electric-vehicle market. [Read More]

Group 1 Automotive announced the specifics of its third quarter cash dividend, a practice the company had halted for more than a year. Officials revealed late last week that they plan to pay 10 cents per share on Dec. 15 to stockholders of record as of Dec. 1. “We are pleased to be able to reward […] [Read More]

Coinciding with last week’s Veterans Day, Budget Rent A Car launched three online options to funnel donations toward a nonprofit organization that raises awareness and provides programs and services for injured U.S. military personnel. Budget has a goal of generating $100,000 for the Wounded Warrior Project. The first of those three donation options comes when […] [Read More]

The Used Car Dealers Association of Ontario revealed two new offerings for its members this week. The association said that UCDA members can now utilize RouteOne’s online consumer credit portal, thus allowing these dealers to send credit applications to a slew of lenders, including the following: Bank of Nova Scotia, TD Financing Services (formerly VFC), […] [Read More]

This week, BMW Group Canada revealed its new president and chief executive officer to replace Franz Jung, who becomes president of BMW Italia effective Jan. 1. Stepping into this role at the outset of 2011 is Manfred Braunl. This announcement marks Braunl’s second stint with BMW Canada as he previously spent time with the company […] [Read More]

Though they showed a year-over-year softening of 6 percentage points in October, Canada’s wholesale prices moved ahead of the September level, as three of four segments showed month-over-month gains, according to OPENLANE’S latest Canadian Market Index. Specifically, the Canadian Market Index was 102 in October, down from 108 in the year-ago period and up from […] [Read More]