As the economy recovers somewhat from the doldrums of 2008 and 2009, a recent study from IBISWorld contends that the global auto sales industry is expected to enjoy a slight revenue climb in the next few years. But this rise may be hindered by struggling European economies, the study contends. Industry revenue is expected to […] [Read More]

Total Car Score on Tuesday announced its Top Scoring Manufacturers of 2012 and the numbers are close, with less than three points separating the first and tenth-ranked OEMs. The listing of the top manufacturer brands focuses on the strength of their overall product range. Topping the list is Infiniti, with seven models averaging a Total […] [Read More]

The National Independent Automobile Dealers Association’s Convention & Expo has officially kicked off, and today’s action brings a host of sessions hitting everything from the regulatory arena to the buy-here, pay-here market to F&I. The day was set to begin with the convention’s opening session — “Feel Unstoppable in 60 minutes” — followed by a […] [Read More]

The National Independent Automobile Dealers Association has revealed that Automotive Finance Corp. became the association’s newest National Member Benefit partner. Officials highlighted that AFC is one of the largest providers of floor plan financing to independent dealers in North America and the only commercial auto finance company named as a NIADA National Member Benefit partner. […] [Read More]

Along with a recap of the first meeting of the OpenLane Recovery Remarketing Advisory Board, OpenLane shared some advice for when a repossessed vehicle has a dead battery. When third-party inspectors arrive at a repo agent’s lot and discover recovered vehicles with dead batteries, OpenLane pointed out they may not be able to capture the […] [Read More]

The used-vehicle department at franchised dealerships was even more profitable in 2011 than it was in 2010, according to the National Automobile Dealers Association, which released its NADA Data 2012 report on Monday. The publication – which NADA puts out each year as its state-of-the-industry look at dealer financial trends – showed that net profits […] [Read More]

Pushed by cheaper oil and consumer appetite for new vehicles, last month showed a 3-percent dip in used-vehicle values, according to Kelley Blue Book. And this decline isn’t over. The firm is projecting used values to remain on the downturn over the next three months, possibly falling 6 percent  to 7 percent amid slowing demand […] [Read More]

Late last week, Auto Remarketing and SubPrime Auto Finance News confirmed retirement and succession plans for TD Auto Finance’s chief executive officer. Company spokesperson Mohammed Nakhooda indicated that after a 39-year career in the industry, Tom Gilman has decided to retire effective July 30. “Until his retirement, he’s agreed to remain available with us as […] [Read More]

Low loan default rates and high prices on repossessions are factors in one vehicle leasing company’s decision to suspend lease originations. LEAP Financial on Thursday announced it is suspending originations of leases due to capital constraints. Company officials said attempts to source capital over the last few months did not result in completing a transaction […] [Read More]

With the recent launch of the Consumer Financial Protection Bureau, and legislation arising right and left that will further regulate used-car dealers, not surprisingly, the Federal Trade Commission is receiving more complaints from consumers. What issues are on the top of their lists? Well, according to a report from Fox Business, auto-related problems came in […] [Read More]