New York’s attorney general recently announced 10 repossession agencies will not repossess vehicles at the request of title-loan companies that Empire State officials believe might be booking illegal contracts with consumers. The agencies that were party to the agreement with attorney general Eric Schneiderman included: —Advanced Recovery of New York (Rochester, N.Y.) —ALSCO of Buffalo […] [Read More]

Manheim Consulting indicated new-vehicle leasing increased by more than 10 percent year-over-year during the first quarter, marking the eighth quarter in a row the market penetration rise has been by at least that amount. During his quarterly conference call on Monday, Manheim chief economist Tom Webb explained how that development might be pointing toward another […] [Read More]

Donlen recently announced plans for its 50th anniversary celebration. The company will hold its celebration events in tandem with the NAFA Institute and Expo 2014, scheduled for April 8-11 in Minneapolis. The company’s main anniversary event will be a 50th birthday celebration planned for April 9, which will include a concert from an undisclosed band. […] [Read More]

Starting with its latest Retail Automotive Summary, CNW Research is now publishing incentive spending data each quarter. And here is what the firm found when dissecting numbers from the first quarter of 2014, as explained in the report. “For the industry, the average sticker price in the first quarter was $36,948, with an average transaction […] [Read More]

With General Motors chief executive officer Mary Barra about to face Congressional hearings about the automaker’s handling of recalls, analysts from both AutoTrader.com and iSeeCars.com each conducted investigations to gauge what kind of impact these kinds of campaigns are having. First, the AutoTrader.com team wanted to see how or if the recent high profile recalls […] [Read More]

Repossession and remarketing services provider Consolidated Asset Recovery Systems recently formed a partnership with MVTRAC, a provider of automatic license plate recognition called The Intelligent Data Network. Officials explained the partnership allows CARS to use this technology to immediately locate vehicles of interest and execute compliant skip-tracing and instant-recoveries through MVTRAC’s ALPR software. Through this […] [Read More]

Incentive spending went up in March and will likely rise again as the spring moves forward; that much, at least, appears to be one consensus among some of the monthly forecasts making the rounds. The implication and degree of that increase is where there are moderately differing viewpoints. Starting with Cars.com, the company released an […] [Read More]

Used-car sales for March likely climbed just under 4 percent year-over-year, according to CNW Research, which also noticed that both used supply and retail prices were falling during the month. In its latest Retail Automotive Summary, CNW predicted March used-car sales of 3.12 million units when combining projected figures from franchised and independent dealers with […] [Read More]

Ally Financial announced this morning that it has begun an initial public offering of shares of its common stock. In its statement, Ally said the shares offered in the IPO will be from the U.S. Department of the Treasury, per Treasury’s planned exit of its investment in the company. The 95 million shares being offered […] [Read More]

While parts of the Northeast are digging out from one last snowstorm of the season, Manheim’s Tom Webb chose to tie together gardening and how the industry is improving. In the March Auto Industry Brief from Manheim Consulting, Webb explained many economic watchers will be looking at how warmer weather will help performance. “Now that […] [Read More]