So far in 2016, analysts at White Clarke Group contend that the auto and asset finance industry has coped well with uncertainty. “While forecasts have been trimmed during the year, they have not been cut so savagely as to threaten the sector’s recovery, but continued uncertainty seems likely to have an increasingly damaging effect on the […] [Read More]

A collection of 21 current and former federal lawmakers who might be considered the staunchest supporters of the Consumer Financial Protection Bureau filed an amicus brief on Tuesday asking the U.S. Court of Appeals for the District of Columbia Circuit to review its decision that in part called the “unconstitutionally structured.” The group that included […] [Read More]

Alliance Inspection Management (AiM) made a pair of personnel announcements on Tuesday. First, the third-party inspection company said that 20-year industry veteran Michael Connolly has joined the AiM team as vice president of auction operations. Concurrently, AiM has promoted Jeff Gaetz to the newly created position of vice president of business development, with an initial […] [Read More]

BMW is leveraging a pair of advertising providers that specialize in spots using the latest television technology for its latest campaign to get potential buyers from in front of their high-end TV and to the showroom. BrightLine, a provider for advanced TV and OTT advertising, has partnered with UM, a division of IPG Mediabrands, to […] [Read More]

Manheim’s mobile auction program now produces a higher sales rate than the company’s other channels, such as in-lane, mobile and online. The auto auction company says its clients are averaging 70 percent sales rates through mobile auctions. “Mobile auctions extend the reach and bring the excitement of the live, wholesale auction experience anywhere there is […] [Read More]

Typically, compact luxury crossovers/SUVs have retained their values well. In fact, a graph of Black Book data going back to January 2013 shows that 3-year-old vehicles in this segment have maintained retention above 54 percent in recent years, sometimes as high as roughly 63 percent. That is, until this autumn. According to Black Book’s latest […] [Read More]

This year, the Manheim Central Florida team launched the Digital Block sale, a bidding experience that uses enhanced imaging and digital tools during live auctions. “A few benefits of the digital block format are faster sales, enhanced imaging, and more importantly a feel of exclusivity,” Butch Herdegen, general manager of Manheim Central Florida, said in […] [Read More]

There is still time for buy-here, pay-here operators — especially ones who can easily travel to Dallas — to register for the training sessions the National Independent Automobile Dealers Association is organizing for its first BHPH Summit. The event is set for next Tuesday, Wednesday and Thursday at the Embassy Suites DFW Airport North. “It’s […] [Read More]

On Tuesday, AutoNation announced that the country music group Eli Young Band is scheduled to perform at its AutoNation Cure Bowl Tailgate Party and Concert, a benefit for breast cancer research. "We are pleased to join AutoNation in the fight against cancer,” said the Eli Young Band in a statement. “This disease hits close to […] [Read More]

On Tuesday, General Motors Financial announced the completion of a new addition to its Arlington Operations Center campus in Arlington, Texas, with a ribbon-cutting ceremony that featured remarks from state Sen. Brian Birdwell, state Rep. Chris Turner, city of Arlington mayor Jeff Williams and finance company president and chief executive officer Dan Berce. The company […] [Read More]