Though down from December — typically a lease-heavy month — the leasing industry started 2011 by again cracking the 20-percent penetration mark, according to data provided in the most recent Industry Health Review from J.D. Power and Associates. Specifically, lease penetration was a 20.2 percent in January, compared with 19.2 percent a year ago. However, leasing […] [Read More]

Along with some surprising price movement for certified pre-owned models, AutoTrader.com noticed interesting consumer trends although fuel prices are on an upward track. According to AutoTrader.com’s January Trend Engine Report, trucks and SUVs accounted for 12 of the top 20 most-searched used vehicles, 11 of the top 20 most-searched CPO models and nine of the […] [Read More]

The automaker whose average discounts in February are showing the strongest month-over-month growth is Nissan, which replaced Mercedes-Benz at the top of the list, according to the latest TrueTrends Reports from TrueCar.com. So which day this month is believed to be the most ideal for car buying?. According to the analysis, Feb. 26 tops the […] [Read More]

GWC Warranty said Tuesday that it has added another state to its network. The company now offers vehicle service options in Florida. The latest addition means GWC now provides its services in 38 states on the U.S. mainland. Just last month, GWC revealed that it had hired Brandon Johns to serve as Southeastern United States […] [Read More]

With Monday being Valentine’s Day, CarGurus.com ranked the vehicles most preferred by men versus women, as well as units equally popular with both genders. Normal 0 false false false EN-US [Read More]

Among the dozen sessions spread over three days during next month’s CAR Conference, one segment is specifically tailored to bring together a panel of credit union remarketers who will discuss daily collection challenges facing credit unions. The session titled “Repossession Challenges and Solutions” is set to include: —Joel Bowen, of CalTech Employees Federal Credit Union. […] [Read More]

Both Equifax and TransUnion recently rolled out new solutions aimed at helping collection agents get better estimations of potential recovery amounts from delinquent debtors. Both companies launched these new tools during the recent Debt Buyers Association Conference held earlier this month in Las Vegas. TransUnion Believes Two New Products Deliver Strong Results TransUnion revealed two new recovery models — […] [Read More]

Sparked again by the appeal of certified pre-owned units, CNW Research projected February used-vehicle sales to post a healthy year-over-year gain, strengthening an already solid foundation for the industry to reach at least 39 million units for the year. CNW thinks February used sales could climb to 1.75 million units, a figure that would represent […] [Read More]

Ford announced actions late last week that it says will allow the automaker to cut close to $3 billion away from its debt. Specifically, Ford revealed that it will redeem the entire the $2.98 billion aggregate principal amount outstanding of its 6.50 percent Junior Subordinated Convertible Debentures held by Ford Motor Co. Capital Trust II […] [Read More]

Edmunds.com contends an increasing number of Chrysler, Dodge and Jeep owners are reporting fuel spit-back issues at the gas pump. Site analysts came to this assessment based on complaints filed with the National Highway Traffic Safety Administration. The site determined these complaints assert that the fuel system does not respond to a shut-off mechanism in […] [Read More]