After strong success rates in prior years, Cars.com will mark its fourth straight year of running Super Bowl advertisements on Sunday. The site’s two 30-second commercials will delve into the expert and consumer reviews provided by Cars.com. The first ad — titled “Go First” — will run during the third quarter of the game and uses […] [Read More]

DEARBORN, Mich. — Like its parent, Ford Credit posted a sizable net income gain in 2010. Company officials indicated net income last year came in at $2 billion, an improvement of $0.7 billion from Ford Credit's earnings of $1.3 billion a year earlier. On a pre-tax basis, Ford Credit earned $3.1 billion in 2010, compared […] [Read More]

BATON ROUGE, La. — A lender that provides boat, RV and motorcycle loans for customers with past credit problems recently joined Wolters Kluwer Financial Services' AppOne platform. Officials explained Merrick Bank works closely with dealers to help them retain valuable customers who have blemishes on their past credit history that may preclude traditional financing. They […] [Read More]

NEW YORK — Ally Financial's chief executive officer described 2010 as a "transformative" year for the company. And one of its key business segments, Global Automotive Services, showed significant growth in preliminary fourth-quarter and full-year originations in the U.S. and throughout the globe. Across all business segments, Ally reported full-year net income of $1.1 billion, compared […] [Read More]

LOS ANGELES — Thank you for helping to make Westlake recognized across the industry as a financial leader. We are thankful for your business and helping us grow! We are financially strong and ready to aid you in selling more vehicles and we are now the largest privately owned auto finance company in the nation.  For over 20 […] [Read More]

Celebrating the rollout of El Paso Independent Auto Auction — which will host its first-ever sale tomorrow — the ServNet Auction Group has hit a new milestone for the number of facilities in its network. Thanks to the additions of EPI and Sparkling City Auto Auction of San Antonio — which hosted its inaugural sale […] [Read More]

The American Recovery Association recently revealed a former AmeriCredit executive will present the keynote address during the third annual North American Repossessors Summit. Tapped to speak to the gathering of auto lenders and recovery professionals is Mark Floyd, who now is the chief executive officer and vice chairman of Exeter Finance. ARA explained Floyd intends […] [Read More]

A dealer who generally purchases numerous repossessed vehicles in the auction lanes has been witnessing a downswing in these volumes and asked  Manheim’s Tom Webb to explain the what is going on with these volumes. Normal 0 false false [Read More]

With some analysts attributing gains to its ability to capitalize on the bankruptcies of its domestic rivals, Ford Motor Co. now has the concrete figures back up its significant performance progress — including full-year net income that was the highest amount in more than 10 years. “Ford is a company that was able to take […] [Read More]

While the “recipe for success” at General Motors basically boils down to four key commitments the automaker has made, one “ingredient,” in particular, stands out in terms of importance, according to GM vice president of global design Ed Welburn. After he delved into the areas of financial wellness, fuel efficiency and technological innovation, Welburn suggested […] [Read More]