Ten of the nation’s 12 Federal Reserve Districts posted car sales in late 2012 that were at least “steady,” with several of these regions actually enjoying more robust figures to cap the year. That’s according to the Fed’s latest Beige Book report, which said “strong sales” were cited in the latest reporting period by the […] [Read More]

Recovery Industry Services Co. and MBSi Capital Corp. recently announced they joined forces to become the sole provider of vehicle key codes within the iRepo Assignment Management Solution to all Ally Financial vendors. The companies insisted MBSi designed the process to be easy and expedient. They indicated key code requests take place post recovery at […] [Read More]

Today’s women car buyers wield $300 billion in spending power on their cars. Their car-buying behaviors are evolving dramatically, causing car dealers to seriously consider how they communicate with them.  To understand, engage and, ultimately, capture this market, dealers first have to look at the key indicators of a woman car buyer’s mindset, behaviors and […] [Read More]

As buy-here, pay-here dealers continue to find new and improved ways to keep customers paying on their contracts, the Federal Reserve's Retail Payments Office recently announced plans to conduct a new study to determine the current volume and composition of electronic and check payments in the United States. The 2013 Federal Reserve Payments Study consists […] [Read More]

The prospectus connected with a $1.25 billion offering of automobile receivables-backed securities Santander Consumer USA rolled out earlier this month showed contracts involving Dodge vehicles constituted the highest percentages of receivables and outstanding principal balances within the deal. Future regulatory filings might outline an even higher percentage if Santander reaches a deal to be the […] [Read More]

Auto Financial Group, an online provider of residual-based financing products for credit unions and banks, recently reported continued strong momentum for its DrivingSense balloon auto loan program by signing a dozen new institutions. The latest additions include Amplify Credit Union, APEX Community FCU, Citadel FCU, Commonwealth Credit Union, Dade County FCU, Evansville Teachers FCU, First […] [Read More]

Less than two months ago, Kelley Blue Book announced the 2013 model-year vehicle winners of its Best Resale Value Awards, and the Toyota and Lexus brands cleaned house, sweeping the awards for the second straight year. Interestingly enough, though, it was the third brand under the OEM’s umbrella that was earning the limelight in a […] [Read More]

As wholesale prices for luxury models softened in December, consumer shopping activity for these units strengthened. Six of the top seven used-vehicle segments and the three leading individual models highlighted in the December Hot Car Report from Kelley Blue Book all came within the luxury category. Premium sports cars paced KBB’s report as December shopping […] [Read More]

Returning to Toronto April 22–24, Auto Remarketing Canada presents its sixth Canadian pre-owned industry conference. Auto Remarketing Canada 2013, presented by CarProof, will bring you the information, tools and contacts for sourcing the inventory you need to fill your lot as well as tips on how to attract and retain customers, finance those customers, navigate […] [Read More]

Perhaps this whole used-car scarcity situation is on its way out.   Or at least improving significantly. Kelley Blue Book said in a recent report that auction volume climbed nearly 1 percent year-over-year last quarter and should remain ahead of 2012 levels. What’s more, off-lease supply moving into the auctions should increase dramatically over the […] [Read More]