Shoppers have another option when trying to nail down the best rate for a new car as well as gauge their new vehicle's affordability based on income. The initial release of the monthly U.S. Auto Buyer’s Affordability Index (ABAI) from Requisite Press LLC gives shoppers and dealers a point of reference when researching new-car gauging affordability. […] [Read More]

Preferred Warranties Inc., provider of vehicle service contracts for pre-owned vehicles, has named a new sales manager for the company’s Mid-Atlantic Region.   Steve Chapman will oversee the sales activities of seven consultants, as well as business development for PWI’s territory, which includes Pennsylvania, Delaware, West Virginia and parts of Maryland and Virginia. “Steve’s proven […] [Read More]

Skip-tracing and forwarding company A. Smith Enterprises recently selected Vendor Transparency Solutions as an online compliance monitoring platform. Because of the importance of detailed compliance, A. Smith Enterprises chose VTS since the firm offers a platform to serve present and future needs of the industry. A. Smith Enterprises pointed out that VTS works for the […] [Read More]

The American Recovery Association has two free webinars scheduled for this week for member agencies and their employees, covering a wide array of repossession issues. The two sessions are scheduled for 12:30 p.m. EST on Wednesday and again at 3 p.m. EST on Thursday. One segment is titled, “The Importance of Employee Professionalism,” which will […] [Read More]

The National Automobile Dealers Association released its second annual NADA Dealership Workforce Study back in November, but the organization dug back into the report this week, releasing a few more key findings — including an interesting tidbit on pay scales. According to the report — which was produced in partnership with DeltaTrends — car dealership […] [Read More]

If you’re looking for states that are ideal for putting together a lease deal, your best bet is likely the Northeast or Upper Midwest.   According to an infographic from Equifax that breaks down the lease ranges state by state on a U.S. map, leasing commanded at least a 20-percent share of full-year 2013 originations […] [Read More]

Repossession and remarketing now have international implications for one provider, as it announces the expansion of its services. On Monday, risk management and loss migration provider Remarketing of America announced that as of this month, it will provide comprehensive vehicle repossession and remarketing solutions throughout Europe. “During the last six months, our team has developed […] [Read More]

KAR Auction Services chief executive officer Jim Hallett is bullish about the prospects for independent dealerships — not only for their retail performance, but also on the potential for these stores to acquire highly desirable off-lease vehicles coming down ADESA’s lanes. Hallett made his assertions earlier this week when KAR released its first-quarter financial report. […] [Read More]

The list of the 25 most-researched used vehicles on KBB.com in April was fairly steady at the top, with the top six remaining the same. There was, however, one particularly notable climber on the used-car list: the Chevrolet Silverado 1500 Extended Cab, which jumped five spots to come at No. 21. The Honda Civic led […] [Read More]

Del Mar Recovery Solutions, a full service repossession management, skip-tracing, license plate recognition and remarketing firm, recently hired a previous honoree in Auto Remarketing’s annual list of Women in Remarketing. Joining the company as its new senior vice president in charge of client relations and business development is Claudia Plascencia, who is being asked to […] [Read More]