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]

American Lending Solutions recently expanded its relationship with Nationwide Management Services to include client-custom, door-knock and other debtor field services, building on the success of its agent compliance field inspection program that began on Feb. 1. “Where other companies are just getting their field compliance programs underway, ours is already ahead of the curve,” ALS […] [Read More]

On Monday, Kelley Blue Book shared the rankings of the used cars that commanded the most attention on KBB.com during June. Which model was No. 1? It was a familiar leader, the Honda Civic, which once again was the most-researched used vehicle on the site. The Civic was followed by a fellow Honda model in […] [Read More]

Santander Consumer USA is going public. According to documents filed with the Securities and Exchange Commission last week, Santander Consumer USA intends to use the net proceeds received through the $50 million initial public offering for general corporate purposes. [Read More]

The 2010 Patient Protection and Affordable Care Act will continue to impact the costs and procedures associated with delivering health insurance. For dealers, rising costs and government mandates may prove hard to follow. In light of these changes, AIADA and Northwestern Mutual will hold a free webinar titled, “Healthcare Reform and Its Impact: Planning Strategies […] [Read More]

How strong is subprime? Experian Automotive shed a bit of light on this in a recent analysis detailing just how much momentum the subprime finance sector gained during the first quarter. According to its State of the Automotive Finance Market report, Experian found that the market share for finance companies — lenders such as Santander […] [Read More]

As sales of new and used vehicles continue to gain steam, so is the momentum for franchised dealerships bringing on more workers. Employment figures moved higher for the third year in a row, according to the annual report from the National Automobile Dealers Association In 2012, the average dealership in operation employed 55 people and […] [Read More]

In the latest ALG Industry Report, residual values didn’t change much from the previous edition. However, the future used-car supply situation could shake things up a bit. ALG has upped its outlook on used market supply, meaning lower residual values could be on the horizon. “At the industry level, our supply forecast has increased, leading […] [Read More]