McLEAN, Va. — For the second quarter, Capital One recently announced that auto loan originations climbed 31.4 percent over the previous quarter to hit $1.8 billion. In the first quarter, Capital One posted about $1.3 billion in auto originations. In the second quarter of last year, this figure was $1.3 billion as well. Moreover, the company […] [Read More]

LATHRUP VILLAGE, Calif. — With the aim of offering auto shoppers across the credit spectrum the financing that best suits them, Michigan First Credit Union will be holding its annual Loan Zone car sale on Friday and Saturday. Included in the sale — which is slated to be held at the credit union's Lathrup Village and Eastpointe […] [Read More]

CLEARWATER, Fla. — Nicholas Financial recently announced that for its first quarter, net earnings climbed 65 percent to $3.426 million, compared with $2.081 million for the same period last year. The first-quarter figure excludes the change in fair value of interest rate swaps. Moreover, looking at per share diluted net earnings, excluding change in fair value of […] [Read More]

TORRANCE, Calif. — Certified pre-owned sales came roaring back in July, which was the strongest CPO month the industry has seen in more than two years. In fact, a slew of brands reported all-time records for CPO sales, according to Autodata Corp. Overall, Autodata Corp. indicated that there were 153,259 certified units sold in July. The […] [Read More]

CARY, N.C. — Less than two weeks before the upcoming CPO Forum in San Diego, J.D. Power and Associates will release its 2010 Used Vehicle Market Report, and an executive from the company will be present at the event to share the findings from the latest survey with attendees.  Arianne Walker, director of media/marketing research for […] [Read More]

DETROIT — To take some of the trepidation out of buying a used sports car, AOL Autos recently compiled a list of what it considers to be the top models available for less than $15,000. In addition to being inexpensive, these models are also are "fun to drive" and have distinguishing attributes, according to AOL Autos. "It […] [Read More]

BOSTON — Hyundai Motor America and agency Jack Morton Worldwide have rolled out an integrated, consumer-driven campaign aimed at boosting appeal for the all-new 2011 Sonata SE. What's being called the Sonata Uncensored campaign is opening with a tour of 10 cities across the U.S. Officials indicated the trek will go from New York to Los […] [Read More]

FORT WALTON BEACH, Fla. — A Chevrolet dealer along Northwest Florida's Gulf Coast took a gamble when he brought in 10 new-vehicle models from rivals Toyota, Honda, Ford and Dodge for shoppers to test-drive and compare to his own offering.  But it seems to be paying off for Taylor Hood and Preston Hood Chevrolet, which posted a […] [Read More]

IRVINE, Calif. — Which brand edged out Nissan to join the list of top-five most considered brands? According to Kbb.com, the answer is Hyundai. Hyundai pushed Nissan out of the top five as it climbed into this quintet for the first time, garnering 13 percent consideration and ranking fifth. Meanwhile, Ford is still top of the game […] [Read More]

CARY, N.C. — Though originations levels are slowly coming back, many dealers are still struggling to set up financing for customers, especially for those with less than perfect credit. In response to this challenge, the Pre-Owned Automobile Dealers Alliance is offering help via a Webinar. The free Webinar titled "Getting the Pre-Owned Customer Financed" is scheduled for 2 p.m. EST on […] [Read More]