The pool of vehicles in the U.S. is getting larger. As of June 30, there were more than 249 million cars on American roads — and the average age of these vehicles inched up from where it was a year ago. That’s according to the latest Experian Automotive Quarterly Briefing released this week, which dissected […] [Read More]

MBSi Capital Corp. acknowledged that interpreting compliance is not simple, especially when it comes to repossessions and recovery. The company compared it to trying to assemble a product from IKEA without directions. While agreeing on a single, completely comprehensive definition of compliance can be an elusive goal, MBSi Capital insisted repossession agents who show they […] [Read More]

On Tuesday, ADESA promoted Zach Hallowell to president of its subsidiary, Recovery Database Network (RDN). The company indicated Todd Hodnett, who most recently served as RDN’s president, is leaving RDN to pursue another business venture. However, Hodnett will remain in an advisory capacity for RDN through the end of the year. Hallowell joined RDN as […] [Read More]

The National Highway Traffic Safety Administration will be examined in a Senate subcommittee hearing next week. Announced this week by the U.S. Senate Committee on Commerce, Science, and Transportation, the Subcommittee on Consumer Protection, Product Safety, and Insurance will host the hearing on Tuesday at 2:30 p.m. EST. The hearing, titled “Oversight of and Policy […] [Read More]

The latest installment of the Auto Remarketing Training Series — a free webinar featuring experts from Automotive Internet Media (AIM) and Manheim — is set to give dealers another round of training they need to make better inventory decision to improve sales and gross profit. The upcoming free webinar is scheduled for 2 p.m. ET […] [Read More]

General Motors spent much of the first half of the year handling crisis control over its massive amount of vehicle recalls, including the ignition switch problems in discontinued models. Now with autumn less than two weeks away, NADA Used Car Guide is finding only marginal impact left on the brand and its vehicles. Analysts explained […] [Read More]

Auto delinquencies rose slightly in the second quarter because there’s more paper on the streets nowadays, but TransUnion analysts don’t think the trends are necessarily bad for the industry. According to TransUnion's Industry Insights Report released on Tuesday, the auto loan delinquency rate — the ratio of borrowers 60 days or more delinquent on their […] [Read More]

Used-car sales fell for the third straight month, but the mood among many dealers still seems to be a positive one, according to Tom Webb, who addressed the used retail market as part of his analysis surrounding the monthly Manheim Used Vehicle Index. Webb, chief economist at Manheim, points to CNW Research data indicating that […] [Read More]

The outlook for potential certified pre-owned inventory that dealers will need in 24 to 36 months just keeps getting more favorable. The latest: Experian Automotive determined the percentage of new vehicles moved by franchised dealers and connected to a lease hit a new record during the second quarter. According to its latest State of the […] [Read More]

Though August incentives were down from July levels, allowances sit far above rates seen last year. But industry analysts assure dealers that incentive spending levels pose no threat to the business yet. Kelley Blue Book analysts reported high incentives are not causing damage to used values back in mid-August. And after reporting a 9.3-percent year-over-year incentive […] [Read More]