With Labor Day on the horizon, the National Motorists Association revealed Tuesday a list of 25 cities throughout the U.S. and Canada with the highest number of reported speed traps per capita over the past two years. The Speed Trap Exchange — where the public can report hot spots  — identifies locations of chronic speed traps in the U.S. […] [Read More]

When Hurricane Irene bore through the East Coast this past weekend, her geographical footprint was as broad as her wrath. The storm ran from the Southeast all the way up to New England, causing power outages, massive flooding and reportedly more than two-dozen casualties, if not more. Irene impacted everything from clogging roads and crushing […] [Read More]

As some dealers express their ire over factory image programs, the National Automobile Dealers Association is investigating how much bang for their buck dealerships actually get from these renovations. NADA has turned to industry consultant Glenn Mercer to conduct a study, which will attempt to measure how cost-effective these programs are. The organization contends that dealers […] [Read More]

According to the Highway Loss Data Institute  —  an affiliate of the Insurance Institute for Highway Safety — two domestic made units top the list for highest theft rate for passenger vehicles one to three years old, while the institute also cautions pickup owners to protect their property as these units are popular targets. With […] [Read More]

The brand-new Re3 Conference — Recovery, Repossession and Remarketing — will kick off on the morning of Nov. 16 with an overview of the recovery and repossession industry featuring key players sharing their perspectives on the industry and its future. The conference’s first session is titled "The State of the Industry: Perspectives on technology, strategy […] [Read More]

The Federal Trade Commission recently finalized a policy statement clarifying that the agency will not take enforcement action under the Fair Debt Collection Practices Act or the FTC Act against companies that are attempting to collect the debts of deceased consumers. Officials said the decision is effective only if collection companies communicate with someone who […] [Read More]

With more and more consumers seeing used-vehicle purchases as smart, cost-conscious choices and then holding onto these models longer than ever, mechanical coverage has become an even stronger selling point for dealers. Auto Remarketing recently reached out to a variety of service contract and warranty companies throughout the country, recognizing that especially in the face […] [Read More]

Though he has been in retirement for more than two years after an extensive career in the auto finance field, well-known SmartAuction developer and former GMAC executive Bill McIver now has a new duty: serving as a board member for Dealer Services Corp. of Indiana. [Read More]

Pick a body style, and the vehicle is probably included in the latest Kelley Blue Book Hot Car Report. What topped week-over-week shopping activity growth at Kbb.com is a unit that not all dealers might automatically have in inventory — the Ram 3500 Crew Cab. Activity for this large pickup spiked 73.4 percent, and Arthur […] [Read More]

Avis Budget Group revealed late last week that its Avis Budget Rental Car Funding subsidiary completed an offering of $650 million of asset-backed bonds with a weighted average interest rate of 3.5 percent. Officials said the proceeds of the offering are expected to be used to refinance ABS debt maturing in 2012. The debt has […] [Read More]