Consumers won’t be the only ones helped by Chrysler’s announcement Tuesday that it will recall certain Jeep models after coming to terms with National Highway Traffic Safety Administration. According to Kelley Blue Book senior analyst Alec Gutierrez, the automaker was likely spared declines in the used values of these vehicles as well as sales damage. […] [Read More]

Auto Remarketing Conferences announced today that Primeritus Financial Services and Digital Recognition Network have signed on to return as co-lead sponsors of the Re3 Conference this year. In addition, Primeritus will be sponsoring the name badges at this year’s Re3 Conference and is a general conference sponsor for the brand-new SubPrime Forum. “These two companies […] [Read More]

The Federal Trade Commission issued revised guidance designed to help businesses such as dealerships comply with the requirements of the Red Flags Rule, which protects consumers by requiring businesses to watch for and respond to warning signs or "red flags" of identity theft. Regulators explained that the guidance outlines which businesses — financial institutions and […] [Read More]

During May, an overwhelming majority of brands saw a decrease in the amount of activity they were generating among online used-car consumers. However, some brands bucked this trend. According to data provided in the latest Guidelines report from NADA Used Car Guide, Buick (up 3 percent), Mercedes-Benz (up 3 percent) and Lexus (2 percent) were […] [Read More]

Auto Remarketing Conferences announced today that AutoTrader.com has once again signed on as the presenting sponsor for the CPO Forum: The Pre-Owned Conference. AutoTrader.com has been the conference’s sole presenting sponsor each year since the conference was launched in 2007. In addition, AutoTrader.com will be sponsoring the luncheon which will take place on the second […] [Read More]

In what's likely good news for future used supply, shoppers are turning to leasing now more than ever. And interestingly, car buyers on average spent more than ever on new-car purchases last year. These are just a few high points from Edmunds.com's 2013 Car Shopping Trends Report. Specifically, new-car buyers spent an average of $30,803 […] [Read More]

KAR Auction Services has purchased PWI Holding, Inc. and its wholly owned subsidiaries — which include Preferred Warranties (PWI) — from Harbert Private Equity Fund II, LLC. The announcement was made by HPEF II. “We are very pleased with the performance of PWI and would like to thank the entire team for their efforts. Without […] [Read More]

The more a dealership asks a sales consultant to work on the weekends, the more likely that these individuals are to pursue other opportunities and leave stores with significant staff turnover. That’s one of the conclusions from the 2012 NADA Dealership Workforce Study, launched last year by NADA University, the education and training arm of […] [Read More]

Loan Portfolio Servicing and Caprock Auto Remarketing appointed an industry veteran who has held posts at Manheim, Triad Financial and Honda Financial Services to be director of business development for the two sister companies. Taking on the role is Greg Harris, who brings nearly 30 years of experience in subprime auto finance, auction sales and […] [Read More]

What vehicles does warmer weather bring to mind? For families, the perfect road trip SUV might be on the wish list, while others might be looking for that perfect sports car to put the top down and head to the beach. Demand for these units might be ramping up if the latest installment of vehicle […] [Read More]