The American Financial Services Association recently held its 2018 Independents Conference & Exposition in Ft. Lauderdale, Fla., an event that brings together institutions that oftentimes offer auto financing as well as other types of personal loans. AFSA handed out its Outstanding Independent Award; an honor that went to Patrick St. Charles III, who is president […] [Read More]

Along with pinpointing what the Manheim Used Vehicle Value Index did in April, Cox Automotive experts also projected how much and why used-vehicle sales softened a bit last month. According to Cox Automotive estimates, used-vehicle sales decreased by 2 percent year-over-year in April versus the same month last year. Analysts said the dip primarily stemmed […] [Read More]

The first quarter went quite well for DIMONT. The Dallas-based provider of insurance claims adjusting and collateral loss mitigation services to the residential mortgage and auto financing industries announced it achieved four key milestones in Q1. The developments included: — Processing approximately 9,400 hazard and auto claims and more than 360 investor claims — The hiring […] [Read More]

Perhaps an unfortunate incident involving a Florida man trying to buy a Ford F-150 could serve as appropriate evidence as to why working with reputable dealerships and finance companies might be best when purchasing a vehicle. Over the past few years, the National Insurance Crime Bureau (NICB) has warned consumers to be on the lookout for […] [Read More]

AutoNation chief executive officer Mike Jackson recently joined other company executives to expound on the significance of reaching its fifth standalone used-car store and service center this year. Along with discussing the March opening of the retailer's respective fourth and fifth AutoNation USA stores in Las Vegas and Katy, Texas, during the company's latest quarterly call, Jackson shared rewarding sales results […] [Read More]

The auto remarketing industry is at an interesting point in its history. The number of off-lease vehicles continues to rise, and wholesale prices are dropping in tandem. As more and more cars roll through, auto remarketers could easily get caught in a higher volume, lower margin cycle. Within this evolving environment, a fresh strategy can […] [Read More]

Tim Walters retailed so many new vehicles in 2017 that the trade-ins on those sales were more than enough to stock his used-car operations. But his new-vehicle sales have slowed and in March, the owner of Elkland Chevrolet in Elkland, Pa., found himself at a physical auction for the first time in about 18 months. […] [Read More]

Costco members who are interested in a Volvo purchase or lease can get attractive benefits on select 2018 models through July 2. The Costco Auto Program announced the launch of its Volvo Special Offer, a nationwide promotion for Costco members Friday. Benefits of the promotion include Volvo Employee Pricing, additional incentives and a $250 Costco Cash […] [Read More]

Reporting on and being immersed in the auto industry every day often gives me a misguided gauge of the general public’s awareness of its interworking, trends and emerging technology. When I am unsure when something in automotive has become a household name, so to speak, my test case is often my parents. They’re news-savvy folks who […] [Read More]

Along with Doggett Auto Group’s acquisition of Houston's large Lone Star Ford automotive dealership, the industry has also seen a sizable en bloc purchase of 10 Canadian stores north of the border this week. Leslie Doggett Industries' affiliate the Doggett Auto Group has acquired Houston's Lone Star Ford store from Sonic Automotive. The heavy equipment dealership group […] [Read More]