The prospectus connected with a $1.25 billion offering of automobile receivables-backed securities Santander Consumer USA rolled out earlier this month showed contracts involving Dodge vehicles constituted the highest percentages of receivables and outstanding principal balances within the deal. Future regulatory filings might outline an even higher percentage if Santander reaches a deal to be the […] [Read More]

Auto Financial Group, an online provider of residual-based financing products for credit unions and banks, recently reported continued strong momentum for its DrivingSense balloon auto loan program by signing a dozen new institutions. The latest additions include Amplify Credit Union, APEX Community FCU, Citadel FCU, Commonwealth Credit Union, Dade County FCU, Evansville Teachers FCU, First […] [Read More]

Less than two months ago, Kelley Blue Book announced the 2013 model-year vehicle winners of its Best Resale Value Awards, and the Toyota and Lexus brands cleaned house, sweeping the awards for the second straight year. Interestingly enough, though, it was the third brand under the OEM’s umbrella that was earning the limelight in a […] [Read More]

As wholesale prices for luxury models softened in December, consumer shopping activity for these units strengthened. Six of the top seven used-vehicle segments and the three leading individual models highlighted in the December Hot Car Report from Kelley Blue Book all came within the luxury category. Premium sports cars paced KBB’s report as December shopping […] [Read More]

Returning to Toronto April 22–24, Auto Remarketing Canada presents its sixth Canadian pre-owned industry conference. Auto Remarketing Canada 2013, presented by CarProof, will bring you the information, tools and contacts for sourcing the inventory you need to fill your lot as well as tips on how to attract and retain customers, finance those customers, navigate […] [Read More]

Perhaps this whole used-car scarcity situation is on its way out.   Or at least improving significantly. Kelley Blue Book said in a recent report that auction volume climbed nearly 1 percent year-over-year last quarter and should remain ahead of 2012 levels. What’s more, off-lease supply moving into the auctions should increase dramatically over the […] [Read More]

As Edmunds.com discussed the potential benefits of “lease pull-ahead” offers, Fitch Ratings believes new-model leasing is poised to benefit from another generally healthy used-vehicle market this year, extending some gains realized as a result of robust residual values for leased cars and trucks seen during the last three years. Fitch expects lessors to continue to […] [Read More]

In what the company called a move to solidify plans for its new automotive parts and service operation, American Suzuki Motor Corp. announced late Tuesday that the disclosure statement for its amended Chapter 11 bankruptcy plan has been approved by Judge Scott Clarkson of the U.S. Bankruptcy Court of the Central District of California. Officials […] [Read More]

The 17th annual Polk Automotive Loyalty Awards were doled out earlier this week in Detroit and earning top honors once again was Ford, which has earned this distinction for three straight years. Ford was honored with awards for Overall Loyalty to Manufacturer and Overall Loyalty to Make. The Ford F-Series also won in the mid/full-size […] [Read More]

One Dodge model made the cut for the second straight year to be named the winner in Cars.com’s Shoppers’ Choice Award.    So, which car do shoppers favor? According to a Cars.com announcement made at the company’s Best of 2013 Awards show in Detroit on Tuesday, it’s the Dodge Challenger.   The Challenger was one […] [Read More]