Without being too much of an alarmist, Cox Automotive economist Tom Webb asked a question that perhaps auto finance company executives are pondering as well: Are financial markets pointing to credit contraction? Webb delved into the topic as a part of the latest Manheim Used Vehicle Value Index, which came in at 125.2 in January […] [Read More]

Ally Financial reported that $14.8 billion of its $41 billion in total auto financing originations in 2015 stemmed from installment contracts for used vehicles. The figure marked a rise of $3.1 billion year-over-year. Chief executive officer Jeffrey Brown reiterated why the used-vehicle portion of its portfolio is so valuable, especially in light of expectations that […] [Read More]

SubPrime 125 honoree Auto Credit Express shared a blog post this week with three suggestions for dealerships to help their F&I managers since they fill such a critical role in moving metal. Billed as a way to keep these managers from feeling like they have a “thankless job,” Auto Credit Express believes these recommendations could […] [Read More]

vAuto founder Dale Pollak told the industry about the company’s new Stockwave sourcing tool earlier this week, and the industry innovator says the solution is designed to tackle four problems “all dealers have.” Pollak went over these four issues in an interview with Auto Remarketing shortly before the sourcing product was officially announced. Stockwave isn’t […] [Read More]

There was a paradigm shift that began two to three years ago, says DealerSocket’s Aaron Schinke, where people changed how they accessed the Internet, turning to a bevy of products that included not just smartphones and tablets but devices like Apple TVs, watches and Google Glass. More people were turning to these products than those […] [Read More]

Citing a defect information report provided by Takata, Honda North America announced this week that it is recalling roughly 2.23 million Takata PSDI-5 driver-side front airbag inflators in both Honda and Acura vehicles. One key takeaway from their announcement: the inflators will be replaced with parts manufactured by an alternative supplier, with repairs anticipated to […] [Read More]

In a development that prompted one Kelley Blue Book analyst to say, “people are in danger,” the National Highway Traffic Safety Administration said in documents released on Thursday that Continental Automotive Systems is recalling potentially up to 5 million air bag control units. NHTSA officials indicated the affected units manufactured between Jan. 1, 2006 and […] [Read More]

Impact Auto Auctions, a subsidiary of Insurance Auto Auctions and a business unit of KAR Auction Services, announced Thursday the opening of the first phase of its new Edmonton area facility. The company announced it has begun to direct all Edmonton area assignments and Early Tow and Appraisal Vehicles to the site. Business operations will […] [Read More]

Most automakers reporting certified pre-owned sales so far saw sales increase in January, and two luxury brands reported their best January ever. Porsche Approved Certified Pre-Owned sales reached 101 units, which is a record for the month. This performance bested the previous January record of 77 CPO sales established the prior year. The Mercedes-Benz Pre-Owned […] [Read More]

The top three most-appraised vehicles Canadian dealers saw last month were, you guessed it, trucks. To be more specific, they were light-duty trucks, and you probably won’t be surprised which ones they are, because they’re the usual suspects: Ford F-150, GMC Sierra 1500 and Ram 1500. That’s according to Dealertrack’s monthly Tradetracker report for the […] [Read More]