Black Book unveiled its May residual forecast on Monday, illustrating the downward pressure on prices that increased supply will continue to have over the next few years.  Black Book forecast data showed that residuals on an average 3-year-old vehicle will dip from the current three-year retention of 52.0 percent in 2016, to 47.8 percent by […] [Read More]

Economists from Stifel, Nicolaus & Co. and Comerica Bank each shared commentaries late last week that shed light on two general economic trends that can have an impact on auto financing — retail sales and employment. Stifel chief economist Lindsey Piegza highlighted that fueled in part by a 3.2-percent gain in vehicle sales, overall April […] [Read More]

Metrolina Credit Co. recently opened its sixth full-service branch location, marking the third expansion within North Carolina and South Carolina since the company was acquired by ML Credit Group in 2013. Now operating to serve customers within the markets of Winston-Salem and Greensboro, Metrolina has a branch located in Kernersville, N.C. Each office is a […] [Read More]

Even before the National Highway Traffic Safety Administration expanded the Takata airbag inflator recall earlier this month, several of the large publicly traded dealer groups were encountering the rippling impact observers such as Kelley Blue Book described. Leaders from AutoNation, Asbury Automotive Group and Sonic Automotive each touched on how they’re handling the challenges of […] [Read More]

Parts, parts, parts. Much has been said and written recently about our nation’s vehicle recall policy. And while it’s regrettable that a great deal of the conversation has been overly negative, needlessly controversial and — at times — unfairly accusatory, the silver lining is that the discussion has prompted an increase in consumer awareness of […] [Read More]

Barrett-Jackson is heading to Connecticut’s Mohegan Sun casino next month for its inaugural Northeast Auction, an event that will feature a broad range of vintage, customs, supercars and late-model vehicles. “We’re set to make our debut Northeast Auction at Mohegan Sun one of the most exciting automotive experiences on the East Coast this year,” said […] [Read More]

A majority of this year’s college grads who plan to buy a car have their sights set on a used one, and nearly half expect to spend no more than $15,000, according to a recent CarGurus survey. For those young buyers-to-be, the car-shopping website has released a list of what it thinks are the best […] [Read More]

Back when Brett Roberts started his career at Credit Acceptance in 1991, you could buy a single song— on cassette tape — and the longest term the subprime finance company had in its portfolio stretched to just 24 months. Now in 2016, Roberts is the company’s chief executive officer and you still can purchase just one […] [Read More]

Nissan Motor Acceptance Corp. (NMAC) recently selected Sword Apak’s Wholesale Floorplan Finance System (WFS) to improve dealer satisfaction and support growth targets in North America. Officials highlighted that NMAC sought a new floor planning solution that could provide an outstanding level of service to dealers and enable them to remain competitive and continue business growth […] [Read More]

CallSource has named two veteran sales and marketing executives to its management team. Bill Bauwens lends more than 15 years of sales expertise to his new role national sales manager in the company’s automotive division, while Robin Schweitzer brings 20 years of experience to her new role as marketing director. “We are pleased to welcome […] [Read More]