Auto Finance News

Auto Remarketing AR Canada Subprime News BHPH Report Auto Fin Journal
EMAIL SIGNUP CMG PREMIUM LOGIN
X
SPONSORED EPISODE: Greenville Auto Auction Celebrates 16 Years—A look back and a look ahead
On this sponsored episode of the Auto Remarketing Podcast, Bill Zadeits visits with Billy Willis and Kevin Stallings of Greenville Auto Auction. The auction celebrates 16 years in early September, and the guys talk about the history of the sale, ... Listen Here
Wide-ranging car-business conversation with Lotlinx chairman and CEO Len Short
Lotlinx chairman and CEO Len Short firmly believes car dealers are the most resilient operators in any business. During this episode of the Auto Remarketing Podcast, Short explained why he is anticipating dealers showing that resilience again because it’s needed ... Listen Here
Path to delivering education in Spanish with Ignite Dealer Compliance Group
Steve Levine has dozens of dealer clients with Spanish as their native language. Those dealers also have hundreds of Hispanic customers who cannot speak or understand English. To fill compliance and training gaps created by language challenges, the owner of ... Listen Here

Lithia’s Used Sales Skyrocket in Record-Income Quarter; Company Announces New CEO

Nick Zulovich
MEDFORD, Ore. — While also explaining its chief executive officer succession plan, Lithia Motors detailed results from a period that produced its best fourth-quarter net income ever in addition to used-vehicle sales that soared double digits. Specifically, the company sold ... [Read More]

Huntington Explains Why Auto Loan Balance Dipped as 2011 Ended

Nick Zulovich
COLUMBUS, Ohio — Huntington Bancshares acknowledged its balance sheet showed its auto loan balance slid from $6.2 billion to $5.6 billion as 2011 closed. However, executives were quick to point out that Huntington continued to see strong levels of originations ... [Read More]

NVLA to Touch on Lease-Here, Pay-Here at Annual Conference

Nick Zulovich
HANOVER, Md. — The National Vehicle Leasing Association will be holding its annual conference this spring at the Renaissance Worthington Hotel in Fort Worth, Texas. One of the highlights of the event is a day-long track designed for the lease-here, ... [Read More]

USAA Gains New CFO, Makes Other Executive Reassignments

Nick Zulovich
SAN ANTONIO — USAA, which facilitates vehicle loans and other services for military personnel and families, announced this week that Stuart Parker will become the company's chief financial officer effective immediately. The move comes following the resignation of current CFO ... [Read More]

While Predicting Repo Upswing, Webb Points to Factors Bolstering Recovery Bottom Lines

Nick Zulovich
ATLANTA — While also predicting repossessions should trend upward again, Manheim chief economist Tom Webb explained why lenders didn't sustain as much of a loss when a loan contract went south during the past two years. Webb stated that "in ... [Read More]

Chase’s 4Q Auto Performance Bolsters Record-Setting Year

Nick Zulovich
NEW YORK — As part of a record year for net income, JPMorgan Chase & Co., watched its fourth-quarter auto originations tick higher year-over-year. The company recently reports its fourth-quarter auto originations totaled $4.9 billion, up 2 percent from the ... [Read More]

America’s Car-Mart Reveals 3Q Growth, Double-Digit Revenue Climb

Nick Zulovich
BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America’s Car-Mart late last week announced its operating results for its third fiscal quarter, showing double-digit growth revenue. For the quarter ending Jan. 31, the group saw a revenue increase of 13.8 percent, ... [Read More]

Fitch: Banks’ Growth Opportunity Lies in Auto Sector

Nick Zulovich
NEW YORK — While referencing the need to cultivate relationships with dealers, Fitch believes U.S. banks have a chance to foster loan growth via their auto portfolios as consumer demand and sales of both new and used vehicles increases. But ... [Read More]

New AutoTrader.com Feature Can Help Dealers Convey Affordability

Nick Zulovich
ATLANTA — With its latest feature, AutoTrader.com is looking to give dealers another way to attract shoppers to their lots and inventory. With the new Price Markdown feature, dealers can systematically subtract the amount of special offers from the price ... [Read More]

Black Book Parent Buys Greater Stake in Fitch

Nick Zulovich
NEW YORK — Fimalac S.A., the French parent company of global ratings agency Fitch Group, recently revealed it is selling an additional 10 percent in the ratings agency to Hearst Corp., parent of Black Book. This brings Hearst to a ... [Read More]

Med Rec 1

MedRec 2

MedRec 3

Filmstrip

Digital Edition Ad

Offerings

X