As many may remember, using a home-equity loan to make a new-vehicle purchase was a key method for acquiring a vehicle prior to the recession and the house-price collapse, according to CNW Research. But firm president Art Spinella says recent trends suggest that consumers are reverting back to home equity loans, especially among those who […] [Read More]

NADAguides revealed Tuesday it is offering a 15-day free trial of its new housing inventory valuation and portfolio management online application. Housing CONNECT provides banks, credit unions, finance companies, manufactured home retailers, community owners and more with access to 53 years of used value data, the company explained. So, how does it work? [Read More]

The Consumer Financial Protection Bureau recently revealed a proposed rule that would codify protections for privileged information submitted to the bureau by the financial institutions it regulates. Back in January, the CFPB advised the institutions it supervises that the submission of privileged information to the CFPB does not waive any applicable privilege with respect to […] [Read More]

Auto Auction Services Corp. (AutoIMS) recently released the results of a survey it conducted about floor pricing, including aggregate findings from more than 325 commercial vehicle consignor responses. Goals of the survey included assessing the preferences held and the challenges faced by the commercial consignor community as it relates to pricing vehicles for auction sale. Survey responses came […] [Read More]

With sales expected to reach above 30 million units this year, Pike Research contends electric bicycles now are the world’s best-selling electric vehicles. Analysts insisted rapidly accelerating urbanization, the increasing need for low-cost transportation in developing markets and expanding opportunities for new market entrants are all helping to drive e-bicycle sales.  Pike’s newest reports also […] [Read More]

With TrueCar.com predicting that the industry will end March with the highest rate of new-car sales in five years, its analysts also noted many foreign OEMs are looking to notch their highest unit sales ever in the U.S. as this month comes to an end. And though inventory remains tight, used sales are enjoying a […] [Read More]

AutoNation recently revealed its board of directors authorized the repurchase of up to an additional $250 million of the company’s common stock.  Prior to the increased authorization, AutoNation determined it had utilized substantially all of the amounts previously authorized by its board of directors under its share repurchase program.  AutoNation tabulated that it has approximately […] [Read More]

With Keven Chartier taking on the role of director of financial services, the new director of remarketing for Nissan Motor Acceptance Corp. will be Kevin Cullum.  Cullum is currently the director of credit services. Chartier’s move from remarketing to financial services and Cullum’s move into remarketing were just some of the changes revealed late last […] [Read More]

As used-car prices and wholesale values continue to rise, dealers may find it even harder to sell a consumer on a used unit that shoppers might be able to find new for a similar price. And with gas prices on the rise and technology constantly moving forward, is it better to buy a new gas […] [Read More]

In a report released late last week that spotted strengthening retail new-vehicle sales trends, Dataium’s January Automotive Shopper Intensity Index pointed to a slightly positive increase in February. After adjusting for the number of selling days, Dataium saw a 5-percent year-over-year increase and a 3-percent rise for total retail sales. Analysts, who believe their index […] [Read More]