With more lower-credit buyers in the market, greater access to 72-month financing terms and a decrease in the market share commanded by luxury buyers, the industry’s lease penetration rate slowed down slightly in March, according to J.D. Power and Associates senior director Thomas King. That said, the leasing rate (which came in at 19.7 percent) […] [Read More]

In discussing how car dealers are faring in each of its 12 districts, the Federal Reserve painted a picture of an auto market that appears, for the most part, to be relatively healthy. In the Fed’s latest Beige Book report, gains were noted on both the retail and manufacturing sides of the car business. Dealers […] [Read More]

Earlier this week, Mercedes-Benz USA and its dealer body pledged to give $1.3 million this year to fund coaches for a charitable organization that aids projects using sports for the betterment of youth. The company’s gift to the Laureus Sport for Good Foundation, USA, will help the organization prepare and set up 250 coaches to […] [Read More]

Because of so much interest in a new open-source, freeware version of its IBEAM Web portal coming to the agent and lender community, Consolidated Asset Recovery Systems is planning a free Webinar to explain the product. CARS management will conduct an hour-long session beginning at 3:30 p.m. ET today. The company highlighted this new version […] [Read More]

Used-vehicle values have soared recently, even to the point where for some one- and two-year-old vehicles, a new car presents a better deal. But despite the escalation in used prices, Kelley Blue Book contends that there are still some used vehicles out there that are still in a relatively manageable price range. As such, KBB […] [Read More]

Auto Remarketing learned that Ally Financial is announcing today it will be partnering with a Denver Area dealer to make a contribution to the Boy Scouts of America Denver Area Council. The company will be making a $10,000 contribution to the organization in the name of Mike Shaw — recently named 2012 national Time Dealer of the Year.  […] [Read More]

Auto Data Direct now offers real-time access to 25 state databases for qualified companies such as lenders and repossession agents thanks to the addition of vehicle records from Wisconsin. Currently, ADD offers real-time access data in Alabama, Arkansas, Florida, Georgia, Idaho, Kansas, Louisiana, Maine, Maryland, Kentucky, Michigan, Mississippi, Missouri, Montana, Nebraska, New Mexico, New Jersey, […] [Read More]

If consumers take advantage of the latest used-vehicle pricing trend spotted by NADA Used Car Guide, dealers may soon see their trade-in supply increase sharply. Prices on trade-ins are projected to crest in the next few weeks before used-vehicle prices move downward in June and July, according to NADA Used Car Guide, which projects the […] [Read More]

Repo Remarketing’s customer survey showed that never in company history has satisfaction with its services been higher. The most recent study conducted in March revealed that 96 percent Repo Remarketing’s customers are satisfied with the services and deliverables. In fact, the survey indicated 45 percent were “extremely satisfied.” Repo Remarketing founder and chief executive officer […] [Read More]

This week, Cars.com selected RoadLoans.com as its exclusive lender for its online customers looking to get pre-approved auto financing as part of their shopping experience. Potential buyers who visit Cars.com, newcars.com or pickuptrucks.com will have the option to select financing as part of their search for a particular vehicle. Once at the Car Financing Center, […] [Read More]