The Internet Car and Truck of the Year awards were revealed last week during the New England International Auto Show, and in some good news for the Big 3, all of the honors went to domestic models. The awards consist of four categories: the Car of the Year and Truck of the Year awards as […] [Read More]

A feature that’s now optional equipment on some new models — rear-mounted video cameras — appears to be on the way to becoming a mandatory device. The leaders of the U.S. Department of Transportation and the National Highway Traffic Safety Administration revealed a proposal last week that also outlined a schedule for these cameras and […] [Read More]

The over-allotment portion of General Motors’ recent initial public offering brought the U.S. Treasury additional net proceeds of $1.8 billion, which is on top of the $11.7 billion the Treasury pulled in from the initial sale, the department revealed late last week. As such, the Treasury netted $13.5 million overall in proceeds from the GM IPO. [Read More]

Copart opened its 2011 fiscal year with strong gains in revenue as well as operating income and net income. Chief executive officer Jay Adair shared last week that the company’s first-quarter revenue total came in at $212.7 million, a 14.7-percent rise from the same quarter a year ago. The sum helped Copart reach a 5.5-percent […] [Read More]

Customers staying for hours in a waiting room fashioned with a couple of chairs and an old television might not cut it in today’s world of luxurious franchise showrooms, which is why Buick and GMC dealers are putting so much effort and resources into a wide array of vehicle-owner services. General Motors believes that if […] [Read More]

The Honda Element will soon meet its end, with the 2011 edition being its swan song. American Motor Honda Co. said Friday that production of the “boxy, bold” crossover will cease after the 2011 model year. “The Element proved that ultimate functionality can often come from thinking inside the box,” stated John Mendel, executive vice president […] [Read More]

In what the president and chief executive officer called the “most important achievement” while discussing the company’s financial results from the third quarter,  Calgary, Alberta-based Quorum Information Technologies generated positive cash flow for the fifth straight quarter. President and CEO Maury Marks said there were “mixed results” in the company’s financials from the third quarter […] [Read More]

RouteOne Canada recently revealed that it has added another lender to its online credit application management system. Coming aboard was BMO Bank of Montreal, which is an operating division of BMO Financial Group. “RouteOne Canada is extremely pleased to have BMO Bank of Montreal, one of the premier lenders in Canada, join the RouteOne platform,” shared RouteOne Canada […] [Read More]

In what appears to be some good news for the Canadian vehicle finance industry, delinquencies on auto loans in Canada during the third quarter dipped “noticeably” compared to the same period of 2009 and were basically flat on a sequential basis, according to TransUnion’s analysis of auto lending and credit card trends. Auto borrower debt […] [Read More]

New-vehicle sales showed some vibrancy in November, and the coming months are likely to be robust, as well, the National Automobile Dealers Association’s chief economist Paul Taylor said Thursday. The state of the used-vehicle market is one of the factors helping the new-car sales strength, he added. [Read More]