SubPrime Auto Finance News, our sister publication, was on hand at the NAF Association’s 17th annual Non-Prime Auto Financing Conference last month. On the docket of SubPrime’s extensive coverage was a keynote session that included a question-and-answer dialogue between Hudson Cook chairman Tom Hudson and Rick Hackett, the then-assistant director at the Consumer Financial Protection […] [Read More]

More than three-fourths of all certified pre-owned sales in the first quarter included financing, according to J.D. Power and Associates. This point certainly helps back up the assertion that CPO and financing are “highly co-dependent” on each other, as Kia’s Brad Beer put it. [Read More]

Auctions values are on the way down as used supply continues to increase. And with gas prices remaining relatively stable this past month, fuel-efficient small cars and alternative-energy vehicles led the declines in June. Overall, according to data from Kelley Blue Book’s latest Blue Book Market Report, auction values fell by an average of 1.2 […] [Read More]

Adding to the list of distinguished keynote speakers during the past several years, former Secretary of State Hillary Rodham Clinton will address the National Automobile Dealers Association Convention & Expo in New Orleans in January. Clinton will deliver keynote remarks on the closing day of the 2014 NADA Convention & Expo on Jan. 27. Clinton […] [Read More]

When looking at retained value for compact cars from the 2012 model-year, Kelley Blue Book noticed one, in particular, that edged out its peers in this segment where competition is “fierce.” That model? The 2012 Hyundai Veloster, which was one of only two to command 80 percent or more of its original MSRP, according to […] [Read More]

Price, time and the dealership experience: A just-released research study shows that these factors can vary as most influential in the purchase decision for potential car buyers, information that dealers may want to note in order to meet these differing expectations. The Foresight Research 2013 Dealership Report, based on a study of 7,543 recent U.S. […] [Read More]

It was announced earlier this week that Safe-Guard Products International — a provider of F&I products to auto, RV/trailer, marine and powersport retailers, as well as manufacturers and financial institutions — has opened an operation specifically to offer specialized services to Canadian consumers. Safe-Guard Canada Ltd., based in Mississauga, Ontario, handles all claims on Safe-Guard […] [Read More]

The inaugural Vincentric Best CPO Value in America awards are being announced today, recognizing 36 models for offering top value in their respective segments as well as three brand winners. Those three —  Best CPO Value: Passenger Cars, Best CPO Value: Luxury Brand, and Best CPO Value: Trucks  — are given to the makes that […] [Read More]

While the new-vehicle SAAR ticked up above 16 million in June — marking the industry’s best performance since November 2007, Manheim’s Tom Webb approached the trend with caution. Webb dissected two metrics — vehicle miles traveled and scrappage rates — to explain why he would caution dealers and other industry executives and observers not to […] [Read More]

Though luxury vehicles continue to be scarce, a few certified pre-owned vehicles, in particular, are proving hard to find this summer, as well. According to the latest installment of vehicle scarcity date that is provided monthly to Auto Remarketing by AutoTrader.com, certified models, such as the Hyundai Genesis and a few other trucks and SUVs, […] [Read More]