ALEXANDRIA, Va. — U.S. consumer bankruptcy filings were up double digits for the first six months of 2010. According to the American Bankruptcy Institute, filings came in at 770,117, up 14 percent over 675,351 filed during the same period last year. Based on the data from the National Bankruptcy Research Center, consumer filings for the first […] [Read More]

SCOTTSDALE, Ariz. — Even though one minute past midnight on July 1 marked what Southwest Title Loans calls the end of the payday loan industry in Arizona, the company says it is continuing to provide short-term title loans to consumers. According to Curt Potts, director of business development, "There are very important differences between payday loan […] [Read More]

OAKVILLE, Ontario — Ford Motor Co. of Canada rolled out an incentive program this week that can help its dealer body boost sales.  In a deal that started Thursday and runs through Aug. 31, Ford of Canada dealers can offer shoppers Ford Employee Pricing on most of the Ford and Lincoln brands' 2010 and 2011 lineups.  […] [Read More]

TORONTO, Ontario — Another lender has become part of RouteOne Canada, the company revealed earlier this week. Added to the network was TD Financing Services, which is adding its prime lending program to its offering on RouteOne. And the addition certainly has benefits for dealers, said RouteCanada's leadership. "The addition of TD Financing Services' prime program greatly […] [Read More]

RED DEER, Alberta — Canadian auto lender RIFCO said its fiscal year that ended March 31 marked the fourth straight time the company has enjoyed annual profits, though this net income was down from the prior-year period.  More specifically, the company reported net income of $308,962 for the fiscal year, which is 78.2 percent softer compared with $1.42 […] [Read More]

ATLANTA — Manheim announced this week that Toyota Financial Services and Lexus Financial Services enjoyed a record month in June using Manheim Online Event Sales. Specifically, the four open weekend events resulted in sales of 2,500 used Toyota and Lexus models. In June 2009, there were 732 Toyota and Lexus units moved during the Online Event Sales. "This […] [Read More]

NEW YORK — A recent survey asked a demographic called Millennials — individuals who are ages 18 to 29 — about making a choice between negotiating at a dealership or going to the dentist. Interestingly, the majority of responders preferred a visit to have their teeth checked rather than talk with a dealer about a vehicle purchase. [Read More]

IRVINE, Calif. — Mazda North American Operations has a new vice president of sales. Named to take the post was Ron Stettner, who was most recently Midwest regional general manager. Meanwhile, Eric Johnston, who had been vice president of sales, is taking on the role of vice president of strategic planning and market integration. He takes the place […] [Read More]

LAYTON, Utah and AUBURN HILLS, Mich. — In what has been largely uncommon during these proceedings, a  Chrysler Group store in Utah won its arbitration case against the automaker last week and will have its franchise restored, which was confirmed to Auto Remarketing by a Chrysler spokesperson, as well. [Read More]

HOUSTON — Group 1 Automotive announced its intention to "vigorously defend" itself against a lawsuit filed by Toyota Motor Sales in the Federal Court of South Carolina. Apparently, Toyota is alleging that it did not consent to Group 1's desire to acquire Toyota/Scion and Lexus dealerships in Charleston, S.C. The lawsuit asks for a court order […] [Read More]