Recent Stories
Magna's Stronach, 4 others named to Automotive Hall of Fame
AutoNation's Mike Jackson, Toyota's Kiichiro Toyoda, Magna's Frank Stronach and Car Talk's Ray and Tom Magliozzi will be inducted into the Automotive Hall of Fame.
GM Financial customer accounts disrupted after computer upgrade
GM Financial had servicing issues, including phone problems and overcharging or undercharging U.S. and Canadian customers, while upgrading computer systems this month, Automotive News has learned.
AutoFi strikes partnership with Canada's Tricor
AutoFi, a company that automates online vehicle sales and financing, will enter Canada in 2018, partnering first with F&I company Tricor Automotive Group.
Canada's auto loan debt per borrower, delinquency rates rise
Average auto loan debt per borrower and delinquency rates rose in Canada in the second quarter as vehicle prices increased, customers took on additional debt and various regions continued to recover from the economic crisis, according to TransUnion.
Automakers take different paths after plunge in Canadian lease market
Leasing as a whole took a dive in Canada for a few years following 2008, but the plunge only significantly affected the captive finance arms of U.S. brands, experts say.
Banks learn to diversify, tailor their offerings
As automaker captive finance companies lost share, banks have taken on new roles, such as being exclusive or semi-exclusive lenders who are the sole source of automaker retail incentives.
A changed landscape in Canadian auto finance
The 2008 financial crisis sharply reshaped Canadian auto finance. Captives that once dominated the auto loan and lease market lost nearly half their share within four years.
Nissan Canada Finance chief gets U.S. gig; replacement comes from RCI Bank
Kevin Cullum, general manager of Nissan Canada Finance, will become president of Nissan Motor Acceptance Corp., effective Aug. 1. He will be replaced by Alain Ballu of RCI Bank.