Sourcing enough used-vehicle supply to keep up with the burgeoning demand. It has arguably been the biggest challenge faced by dealers in the used-vehicle market for quite some time, but the light at the end of the tunnel might not be too far away, according to a recent white paper from the National Automobile Dealers […] [Read More]

The 2012 WheelsTV Pre-Owned Vehicle of the Year Award was presented recently, and for the second year in a row, top honors went to a domestic model. The 2007–10 Chevrolet Silverado drove to the top among six finalist categories to earn the this year’s recognition. The award was handed out last week at the New […] [Read More]

Though high gas prices may seem to be a deterrent for consumers in the market for an SUV, AutoTrader.com contends these larger units might be some of the best deals out there. As fuel rates remain high and demand for these gas guzzelers continues to lessen, it is beginning to be hard to ignore their […] [Read More]

Vets-Cars Group, a dealer association focused on promoting trust between select rooftops and military consumers, recently formed a partnership with a Virginia-based lender that has financed new and used vehicles for military and civilian consumers for more than 25 years. The association is aligning with Coastal Credit, a lender that purchases contracts on a point […] [Read More]

As the summer gets underway and many families are readying themselves for beach trips and vacations, long hours in the car make a comfortable, efficient vehicle almost a necessity. In light of the travel season, Consumer Reports’ Liza Barth compiled a list of the best deals for small and midsized SUVs this spring from the […] [Read More]

Manheim Financial Services announced today that it started off the second quarter with a key milestone: the company provided floor planning for its 10 millionth vehicle. The dealer who helped MAFS reach this level last month was Robbie Ashcar, owner of Select Luxury in Marietta, Ga.  “This is a great milestone for MAFS, and I’m […] [Read More]

Cherokee Automotive Group recently announced changes in the leadership of its print and online media properties. Steve Leslie is now associate publisher of Auto Remarketing magazine and its affiliated media properties, and Joe Overby has been named editor. At SubPrime Auto Finance News, Amanda Dunlap has been named associate publisher of the magazine and its […] [Read More]

Widely predicted in numerous reports, Ally Financial reiterated the strength of its auto finance business when announcing that mortgage subsidiary, Residential Capital, decided to file for Chapter 11 bankruptcy. Officials emphasized the decision has no impact on Ally’s U.S. auto finance arm nor its direct banking businesses. Ally said it believes these key strategic actions […] [Read More]

As auto loan defaults piled up stemming from the recession that began back in 2008, recovery operations managers at lenders large and small had to tighten up procedures and more in order to handle the added volume. Now four years later, the amount of delinquencies might have slackened, but by and large recovery industry executives […] [Read More]

Specifically geared for auto lenders, Digital Recognition Network is hosting a free Webinar the company is titling, “Data That Puts Your Company in the Driver’s Seat.” Orchestrated by DRN chief executive officer Chris Metaxas, the online event is scheduled for 2 p.m. on May. 23. DRN reiterated that it specializes in delivering vehicle location data […] [Read More]