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]

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]

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]

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]

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]

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]

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]

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]

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]

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]