Apparently, many shoppers don’t necessarily have an accurate perception on what kind of profit a dealer gains from a car sale, according to a survey from TrueCar. Apparently, the overwhelming majority of shoppers desire to know what others paid for vehicles they are considering, as well. In fact, more than half (55 percent) of shoppers said […] [Read More]

Thanks to stronger payment performance, commercial banks and captive finance companies found it less necessary to go after assets in the fourth quarter. Basically, the quarterly repossession rates pushed downward as 2010 closed. According to Experian Automotive’s analysis of the vehicle credit market, fourth-quarter repossession rates edged 6.1 percent lower. The fourth-quarter rate settled at 0.67 […] [Read More]

The deadline for submitting nominations to help Auto Remarketing honor the top women dealers, remarketers, auto finance executives and more is this week, so act quickly. Auto Remarketing’s April 1 edition is dedicated to honoring women’s contributions to the used-car, remarketing, auction and auto finance industry. No matter what area of the business the female […] [Read More]

The positive new-vehicle sales wave that started late last year appears to be continuing into February, according to Edmunds.com’s latest forecast. In part due to momentum gained during Presidents Day, site analysts think February new-vehicle sales, including fleets, should come in at 937,000 units. The figure would represent a 20.1-percent increase from February of last […] [Read More]

Kelley Blue Book’s Kbb.com released its list of Top 10 Family Cars of 2011 late last week, evaluating vehicles across such family-friendly metrics as safety, comfort, economy of operation, child-friendliness, how reasonable the purchase price is and the strength of the vehicle’s resale value. Six different OEMs were represented, with Chrysler,  Ford, General Motors and […] [Read More]

Since auto finance and recovery industry professionals still seem to consistently ask a variety of questions about license-plate recognition technology, Auto Remarketing recently did a Q&A with Scott Jackson, founder and chief executive officer of MVTRAC. Jackson’s company is one of the largest LPR providers to the repossession industry. He considered four questions: How Does LPR Make Agencies More […] [Read More]

Canada’s fourth-quarter auto delinquency rate showed a modest sequential drop as well as falling substantially on a year-over-year basis, according to the latest analysis from TransUnion. The company went on to report that the aggregate amount of auto debt for the country fell, while the auto debt per borrower climbed, leading TransUnion to suggest that this points […] [Read More]

KAR Auction Services chief executive officer Jim Hallett challenged his management team in 2010 with a long list of objectives. In sharing how the company grew its income and revenue year-over-year, Hallett mentioned one of these goals and immediately followed by saying, “and we did." “As I reflect on 2010, I’m very proud of the […] [Read More]

Touting a rather robust fourth quarter and an all-time high for full-year profit, Dollar Thrifty said it closed 2010 with its eighth straight quarter of double-digit year-over-year corporate adjusted EBITDA gains. Specifically, quarterly corporate adjusted EBITDA came in at $30.2 million, up more than 15 percent year-over-year. “This quarter marks our eighth consecutive quarter of […] [Read More]

Should dealers rush out to fill their inventories with fuel-efficient models because of this week’s gas price movements? Maybe not, if reasoning from Edmunds.com has merit. The company stressed that the biggest one-day gain for oil prices in more than two years may focus more of America’s attention on rising fuel costs. But site analysts […] [Read More]