With the firm also seeing captive finance companies likely to face continued pressure on profitability, Fitch Ratings noticed a wide array of headwinds impacting the auto ABS market, too. However, Fitch is keeping its rating outlook as stable, according to its latest U.S. Auto ABS Index Report. “Despite negative headlines in the auto sector, including weaker […] [Read More]

Off-lease vehicle volume is rising, used-vehicle prices are falling and Brian Benstock, vice-president of Paragon Honda and Paragon Acura, counts it all opportunity. He’s looking forward to selling or leasing new vehicles to consumers when their leases expire and plans to buy a lot of those lower-mileage, off-lease vehicles for his thriving certified used-vehicle operations. […] [Read More]

Analysts at J.D. Power Valuation Services found that May wholesale prices for used vehicles up to 8 years old declined by an average of 1.9 percent. And their expectations predict a similar softening to happen in June, as well. According to the June edition of Used Car and Light Truck Guidelines Industry Update, J.D. Power Valuation […] [Read More]

Compared to the previous four-week period, J.D. Power Valuation Services determined auction sales volume for used vehicles up to 8 years old dropped by 3 percent in May, settling at 366,212 units. According to the June edition of Used Car and Light Truck Guidelines Industry Update, J.D. Power Valuation Services recapped that the volume figure […] [Read More]

Respected automotive attorney Tom Hudson of Hudson Cook has been selected as the newest member of the National Independent Automobile Dealers Association’s prestigious Ring of Honor. Hudson became the 29th auto industry leader to be inducted into the Ring of Honor, NIADA's highest award for non-dealers. The award was announced during the National Leadership Awards […] [Read More]

On Friday, Apex Inspection Solutions announced it is being acquired by Hanover, Germany-based TÜV Nord Group. Officials said in a news release to Auto Remarketing Canada that the partnership is an ideal fit, as both businesses align their initiatives toward being responsive to ever-changing economic conditions with a constant focus on providing the best service […] [Read More]

Along with announcing its college scholarship winners, the National Independent Automobile Dealers Association named Matthews Motors as the recipient of the 2017 NIADA and Cox Automotive Community Service Award in recognition of charitable efforts which have made a notable impact in Clayton, N.C. The award honors independent dealerships for outstanding contributions to its community and the innovative […] [Read More]

Carfax is celebrating its fourth straight time as a Top Workplace in the Washington D.C. area. The Washington Post revealed that Carfax ranks fifth among midsize regional employers. Officials indicated Carfax employees consistently cite the open, innovative workspace, company mission and team-first culture as keys that make Carfax the choice for careers in consumer information […] [Read More]

As advocates say “hundreds of thousands” of drivers are behind the wheel of vehicles with defective airbags in places like Riverside County in California, multiple online media reports surfaced this week that the maker of those defective airbags — Takata — is expected to file for bankruptcy this month. The development didn’t necessarily surprise analysts […] [Read More]

GrooveCar recently highlighted that its auto leasing program for credit unions, CU Xpress Lease, produced a 39-percent year-over-year volume increase during the first quarter. The growth comes after CU Xpress Lease funded nearly $1 billion in lease volume for 2016. The first quarter will break vehicle leasing records for credit unions, according to Callahan & […] [Read More]