Pushed by supply dynamics and surging fuel costs, small-car trade-in values are likely to skyrocket next month, according to NADA Used Car Guide. Specifically, NADA Used Car Guide senior analyst Jonathan Banks is predicting a 30-percent year-over-year hike in trade-in values for used small cars in June. [Read More]

Though Toyota and Honda still lead the way when it comes to working relations with suppliers, the Big 3 has narrowed the gap between its Japanese peers, according to a recent study from Planning Perspectives. The company’s 2011 North American OEM-Tier One Supplier Working Relations Study examined the six U.S. and Japanese automakers by surveying suppliers about […] [Read More]

Debt collection association ACA International recently appointed a new chief executive officer. Assuming the post on June 1 is Patrick Morris. ACA International highlighted that Morris has been an association executive for the past 16 years and brings a wealth of experience in financial services, regulatory and legislative issues, international affairs and insurance. Morris is […] [Read More]

An Ohio repossession agency wanted to inform the rest of the industry about what it’s calling a scam gaining traction in the financial community. Source One Adjusters of Ohio explained the dangers of what’s being dubbed a “private repossession,” a process that agency officials say targets a bankrupt consumer using free Internet classified ads. Source […] [Read More]

Speaking for independent dealers from Connecticut to California, Auto Remarketing caught up with Anthony Underwood this week while he was driving back to his dealership after making one of his biweekly auction trips. The current president of the National Independent Automobile Dealers Association called the search for inventory — especially fuel-efficient models — “amazing.” “You talk with seasoned […] [Read More]

Chrysler will completely pay off its U.S. and Canadian government loans — along with any related fees and expenses — with the proceeds from a notes offering, a new term loan facility and the equity investment from Fiat, the company revealed Friday. [Read More]

Late last week, KAR Auction Services revealed details of its debt refinancing effort that totaled nearly $2 billion. The company entered into a $1.7-billion, six-year senior secured term loan facility and a $250-million, five-year senior secured revolving credit facility with a syndicate of lenders. In addition to replacing the company’s prior senior secured credit facility, […] [Read More]

With automakers showing off their new offerings — which include all-new models as well as updated versions of existing rides — MSN Autos shared what it believes to be the 10 vehicles whose latest editions showed the most progress from their predecessors. [Read More]

Subaru of America recently learned it received a pair of honors from its tongue-in-cheek “Mediocrity” campaign. The automaker won a 2011 Webby Award in the automotive category, plus the Gold 2010 International Automotive Advertising Award (IAAA). Officials explained how they played off of the “abundance of bland midsized sedans in the marketplace” to create its […] [Read More]

DealerTrack Canada has brought in another provider to its Credit Application Network, the company revealed this week. Joining the network is TransUnion. Now, DealerTrack Canada can offer its dealers TransUnion credit report solutions, providing these dealers with another industry credit management resource. “The addition of TransUnion to our network brings tremendous value to our dealers […] [Read More]