SANTA MONICA, Calif. — It appears July will end up having the industry's strongest seasonally adjusted annualized rate for new-vehicle sales in almost a year, according to one TrueCar.com analyst. And with this being achieved in a time of automakers holding back on incentives, these gains speak volumes about consumer demand, he said. Such a spark in demand could […] [Read More]

BANDON, Ore. — In his recent analysis of the market, what CNW Research company president Art Spinella pointed to as the most troubling phenomenon for the new-vehicle market's health is the lack of floor traffic at dealerships.   Overall, Spinella said it is likely there will be 1.03 million new vehicles sold this month, meaning there isn't a […] [Read More]

SEATTLE — Varolii Corp., an automated collections communications provider, recently surveyed more than 400 collections and financial services executives nationwide and found nearly half make no distinction between chronically late payers and consumers who have fallen behind for the first time.  The survey revealed that despite an economy that's in a slow-recovery mode, these executives still […] [Read More]

FORT WORTH, Texas — Buzz throughout the repossession industry nowadays often has to do with limiting liability as much as possible. A pathway agencies are adopting with more frequency is the use of license-plate recognition technology. Cort DeHart, president of Digital Recognition Network, said that while attending a recent industry event that agencies not only are securing a […] [Read More]

CARY, N.C. — As the second half of 2010 really gets into full swing, dealers and other industry leaders wanted to know what might unfold during the rest of the year. A discussion about the future of the used-vehicle market was the leading story this past week at AutoRemarketing.com. Also drawing plenty of interest was a […] [Read More]

SANTA MONICA, Calif. — Edmunds.com found significant consumer interest building for the new version of the Ford Explorer, which is expected to arrive in franchise showrooms this fall. During the past six months, site analysts indicated consideration for this model has nearly doubled. In December of last year, they found a record low 8.5 percent of […] [Read More]

SANTA MONICA, Calif. — The overall picture of the new-vehicle market's health may not actually be as rosy as it seems, analysts with Edmunds.com said Tuesday.  The site indicated that the seasonally adjusted annualized rate for new-vehicle sales is close to 12 million units through this point of July, but that doesn't mean the industry is […] [Read More]

SANTA MONICA, Calif. — TrueCar revealed Tuesday that it has gained access to new financing that can help push its growth and acquisitions further. More specifically, included in the $35.5 million round of funding is a $21.1 million credit facility from Silicon Valley Bank as well as financing from USAA, Capricorn Investment Group and GRP Partners. […] [Read More]

ROYAL OAK, Mich. — Officials from the Saab Club of North America expect this year's Saab Owners Convention to be even more memorable since the brand did not disappear thanks to its sale to Spyker Cars. The nameplate's annual enthusiast gathering in Aurora, Ohio, is scheduled to begin Thursday, culminating with a Saturday night banquet that includes […] [Read More]

CITRUS HEIGHTS, Calif. — Whether you are a small credit union with just a few repossessions or a larger credit union with many, proven industry tips can help your bottom line. Included here are two frequently asked questions. I would like to sell the vehicle for more money, so should I fix the damages? Be careful […] [Read More]