Donning the cap of a used-vehicle manager for a bit on Tuesday, Edmunds.com pricing manager Richard Arca gave Auto Remarketing some tips on what late-model vehicles will likely be in high demand on dealer lots this 4th of July weekend. He recommends that dealers ensure these are visible on the frontlines, if possible. Arca first rattled off a […] [Read More]

While Capital One Auto Finance president Kevin Borgmann said his division is looking to bring on new dealer partners and hire new associates, he also revealed the company’s collateral has been earning record prices at auctions. This isn’t a trend the management expects long term, though. "As the economy continues to improve, we are seeing […] [Read More]

Probably not what dealers wanted to hear going into the important Fourth of July sales stretch, but The Conference Board Consumer Confidence Index took another tumble. Officials said Tuesday that the index — which had declined in May — decreased again in June. The index now stands at 58.5, down from 61.7 in May. They […] [Read More]

Dealers may see an influx of customers as falling gas prices allow consumers to spend more on what they drive and less while filling their vehicles’ tanks, the National Automobile Dealers Association’s top economist reported late last week. Dealers have been digesting reports of supply shortages and high gas prices hurting the economy for months […] [Read More]

Carfax revealed Monday that it has hired a longtime remarketing veteran to serve as its national director for strategic partners. Appointed to the role is Don Elliott, whose more than 20 years in the industry includes time with companies such as ADESA and Mazda. In his new role, Elliott heads up the company’s campaign to […] [Read More]

Ford’s No. 1 boss has received a top-flight honor from his contemporaries in the corporate world, who picked him as 2011 Chief Executive of the Year. Alan Mulally, Ford’s chief executive officer, joins a list of winners of the Chief Executive magazine’s honor that includes such leaders as Bill Gates, Jack Welch and Michael Dell. […] [Read More]

Cars.com unveiled the site’s annual American Made Index Monday, and for the third consecutive year the Toyota Camry took the top spot. The Camry, which is assembled in Georgetown, Ky. and Lafayette, Ind., is followed by the Honda Accord and the Chevy Malibu, which were ranked No. 2 and No. 3 respectively. This year’s list […] [Read More]

Cars.com unveiled the site’s annual American Made Index Monday, and for the third consecutive year the Toyota Camry took the top spot. The Camry, which is assembled in Georgetown, Ky. and Lafayette, Ind., is followed by the Honda Accord and the Chevy Malibu, which were ranked No. 2 and No. 3 respectively. This year’s list […] [Read More]

Repo agencies and other debt collectors readily acknowledge that using newer communications outlets such as email, text messages or even Facebook might be a strong pathway to reaching the debtor and collateral. But a pair of legal experts warned agents and collectors about the pitfalls that could come by using these communication methods incorrectly. John […] [Read More]

MVTRAC has formalized a strategic alliance with National Creditors Connection, a field contact services specialist. As the newest member of the MVTRAC Network, executives explained NCCI will assume on-site inspection responsibilities for the license plate recognition technology provider. MVTRAC highlighted that NCCI specializes in customer contact and information gathering through personal face-to-face contact solutions. Comprised […] [Read More]