Recent data from Equifax, summing up 2013 trends, shows that the number of subprime auto financing originations climbed for the fifth year in a row, surpassing 7 million contracts for the first time since 2007. Analysts indicated the number of subprime contracts for 2013 came in at 7.3 million, up from 6.6 million a year […] [Read More]

The string of consecutive year-over-year increases in same-store used retail sales has reached 19 quarters, according to a recent post on Manheim Consulting chief economist Tom Webb’s blog. Market conditions, tough as they may have been, and steep comps couldn’t deter growth for the retailers, whose streak of quarterly gains is now approaching five years. […] [Read More]

Ford Credit’s repossession volume in the first quarter was steady sequentially, but dipped from year-ago numbers, while charge-offs increased in both comparisons, according to metrics from Ford’s 2014 Q1 fixed income presentation that Manheim Consulting chief economist Tom Webb shared on his blog. The data set indicates repos were around 7,000 units in Q1, even […] [Read More]

Though initial projections for April’s used-car sales total vary a bit, it appears the market should well exceed 3 million units sold for the month. TrueCar is forecasting just over 3.4 million used sales for April, with a new-to-used ratio of approximately 1-to-2.5.  Meanwhile, over at Edmunds.com, analysts are projecting 3.08 million used-car sales this […] [Read More]

On top of announcing impressive pre-owned sales results for the first quarter on Wednesday, Asbury Automotive Group executives also revealed plans to follow CarMax and other competitors into the stand-alone used-car retailing space. Company leaders said in Asbury’s conference call to discuss Q1 results that the move was fueled in part by significant growth in […] [Read More]

Swapalease.com reported on Tuesday that lease credit approvals on its site in March rose from the yearly low established a month earlier. The March rate came in at 69.6 percent, up from 66.7 percent recorded in February. Site analysts noted the 69.6 percent approvals mark is also the level of the last three months, indicating […] [Read More]

Leadership, determination, inspiration, creativity. What do all these traits have in common? They have all been demonstrated by each member of the 2014 Women in Remarketing class. In what we’re proud to call an annual tradition, Auto Remarketing dedicates a special section of our print publication each year to recognize the leading women of the […] [Read More]

Recovery Database Network (RDN) and Inilex, a national provider of vehicle telematics solutions, recently announced they have successfully integrated Inilex’s GPS-based vehicle location information into RDN’s vehicle repossession management software, giving dealers instant access to vehicle location information. Officials insisted this integration is especially beneficial to special finance lenders and large-scale buy-here, pay-here dealers that […] [Read More]

BoostUp.com — a free social savings website that can help consumers raise money toward a major purchase like a vehicle — recently formed a new partnership with Penske Automotive Group.  Officials highlighted select Penske dealerships will now provide a discount — what the site calls a BOOST — of up to $500 to all BoostUp.com […] [Read More]

Two Asian automakers ranked highest based on consumer-written dealership reviews, according to the Consumer Rating Index (CRI) for Auto Manufacturers released by DealerRater. Topping the list among luxury brand was Lexus, while Hyundai headlined the list for mass market manufacturers. Along with overall rankings, the CRI ranked automotive manufacturers within the “Luxury” and “Mass Market” […] [Read More]