The first quarter marked the first year-over-year decline in NADA Used Car Guide’s measure of used-vehicle prices in about seven years. And if this keeps up, used values will fall on an annual basis for the first time since 2008. NADA Used Car Guide said in a news release accompanying its monthly Guidelines report that […] [Read More]

In less than 15 years, Angelica Jeffreys ascended from working part-time as a greeter at a large multi-franchise auto mall while still a college student to being the manager of sales and operations for what was one of the largest Honda stores in New England. “I realized very quickly that with a little hustle and a […] [Read More]

Many of us have a specific car or truck that when we see one, we get nostalgic. For Mandi Fang, that vehicle is a Chevrolet S10. To paraphrase the Kenny Chesney song, she goes back to summers in college working at a General Motors plant in Moraine, Ohio. “I worked on the assembly line and […] [Read More]

Mary Churchill looks at her more than 40 years in the industry — which began in 1975 with a job at what was then known as GMAC (now Ally) — in two pieces. The initial portion centered on auto finance, with the latter focusing on remarketing. “I review my career in two parts:  the first […] [Read More]

Granted, the auction business was a “culture shock” when she first joined, said Rachel Ballard, one of this year's Women in Remarketing honorees. But after only a week in the business, she knew it was for her and said she “can’t imagine doing anything else.”   The auction business is fast-paced, changing all the time and […] [Read More]

Some of Nancy Fitzgerald’s earliest memories upon entering the automotive industry include a Daewoo and a first job where the tasks included just about everything under the sun. Fitzgerald — who is now as president and chief executive officer of iLendingDIRECT — began her automotive career when she and her late husband, Patrick, opened a […] [Read More]

J.D. Power has a buyer. McGraw Hill Financial said in a news release Friday afternoon it has reached a definitive agreement to sell that business unit to global alternative investments firm XIO Group. The cash deal would be $1.1 billion. The deal is expected to close in the third quarter. “We are very pleased with this […] [Read More]

When it comes to holding their values, Acura and Toyota have earned top billing yet again. The two brands won the luxury and mainstream categories, respectively, in the Edmunds.com Best Retained Value Awards, which the firm released on Thursday. The awards are based on the 2016 model-year vehicles with the highest projected residual values after five […] [Read More]

Swapalease.com reported on Thursday that lease credit approvals are lower again after a hike in February levels. Site officials indicated lease credit approvals for March finished at 66.7 percent, down from the February mark of 70 percent. The site suspected that lease credit approvals may be falling back into the trend of late 2015, with […] [Read More]

Experian Automotive’s latest State of the Automotive Finance Market report pinpointed the 10 states with the highest rates of 60-day delinquency after the fourth quarter as well as the 10 states where delinquency to the point where repossession is necessary are the lowest. The two states tied for the highest 60-day delinquency rate each posted […] [Read More]