Along with increasing its common stock share repurchase authorization, Group 1 Automotive on Friday announced that Stephen Quinn has been elected by its board to serve as non-executive chairman of its board of directors. Group 1 indicated Quinn has served as a director of the company since May 2002, and currently serves on the board […] [Read More]

The National Automobile Dealer Association recently highlighted a new resource for members is now available: “A Dealer Guide to the FTC Used Car Rule.” Members can secure it through NADA University Online. Association officials explained the material provides an overview of the revised Used Car Rule from the Federal Trade Commission, including details about the […] [Read More]

In Episode 3 of the Auto Remarketing Podcast, SubPrime Auto Finance News senior editor Nick Zulovich hits the road to talk with Jeremiah Wheeler of Digital Recognition Network. Plus, Nick talks with Auto Remarketing senior editor Joe Overby about some good signs for wholesale vehicle prices. Note: this is an updated version of the episode […] [Read More]

Donlen has named the recipients of the company’s annual Top Auction Awards, which honor top performing auto auction partners that work closely with Donlen’s remarketing program. “Donlen is fortunate to have so many strong auction partners. The decision to honor a select group was difficult, in that all are such integral contributors to our success,” Donlen […] [Read More]

Edmunds has introduced a new Amazon Alexa Skill for voice-enabled access to Edmunds' automotive content, which creates a source for Edmunds data within the Alexa Skills store that goes beyond a computer or mobile device, the company announced on Thursday. "The freedom to simply ask questions to find relevant information about a vehicle is an invaluable asset, both […] [Read More]

Credit Acceptance Corp. appears well aware of the risk the finance company is taking as installment contract dollar amounts as well as terms keep growing. But that risk is certainly paying off — literally — as the company’s first quarter consolidated net income jumped by nearly $20 million year-over-year. Credit Acceptance reported that Q1 consolidated […] [Read More]

How did used-car prices trend last month? A pair of indices released this week sheds some light. According to a report accompanying the ADESA Canada Used Vehicle Price Index — powered by ALG — there was a 0.12-percent month-over-month gain in wholesale prices. Of the six segments included in the report, however, just two showed […] [Read More]

S&P Global Ratings recently considered what two specific areas contain the most risk since loosening underwriting resulted in U.S. auto loans and leases rising steadily over the past several years to reach all-time highs in 2016. With more than $1 trillion in outstanding balances, S&P Global Ratings acknowledged the figure has raised questions about whether […] [Read More]

Customers looking to finance or refinance their vehicles through Ally’s newly launched auto finance marketplace, Clearlane, will soon be able to complete financing online through a new digital signing capability. Built on top of its digital transaction management platform, officials highlighted the SmartSign technology from eOriginal will be incorporated into the Clearlane platform in July […] [Read More]

EFG Companies announced earlier this week that the company has achieved national recognition for its efforts across the entire organization. EFG was recognized in the 15th annual American Business Awards, receiving: • Gold in Communications Department of the Year • Bronze in Communications or PR Campaign of the Year under the Reputation/Brand Management Category • […] [Read More]