In what might not be surprising to top company executives, Fitch Ratings recently acknowledged that auto finance companies are likely to see loan asset quality weaken in 2015, with annualized net losses moving closer to their historical averages. While prime auto loans continue to perform well, Fitch indicated subprime auto loan ABS annualized net losses […] [Read More]

Black Book and defi SOLUTIONS are teaming up to present a free webinar titled, “The Power and Value of Integration.” The companies highlighted the four topics they plan to cover during the one-hour webinar, including: — How finance companies can gain competitive opportunities by leveraging the Black Book's unique valuation data. — How valuation data […] [Read More]

The Consumer Financial Protection Bureau received 3,204 complaints associated with debt collection in January, according to analysis of the regulator’s database orchestrated by service provider WebRecon. While the total amount represented a 7.1-percent jump year-over-year, WebRecon noticed that just 2 percent of the total — only 66 cases — were connected with vehicle financing. WebRecon […] [Read More]

Swapalease.com released a report this week regarding its recent survey asking consumers what they would like to see as options during the overall automotive experience, from the point of acquisition onward. The results, based on the survey of more than 2,500 drivers and car shoppers across the nation, revealed several interesting findings. For one, men and […] [Read More]

Improved sales numbers are usually aided by a good reputation. And that reputation, according to a recent release from J.D. Power and DealerRater, starts in your service department. The March 2015 PowerRater Consumer Pulse, a monthly analysis of — as the title suggests — consumer opinions, is developed jointly by J.D. Power and DealerRater, each of which […] [Read More]

Group 1 Automotive announced Tuesday that it has acquired an Audi dealership in Euless, Texas, in the Dallas-Fort Worth metro area. The dealership, which will continue to operate under the name of DFW Audi, is expected to generate an estimated $80 million in annual revenue for the auto group. “We are pleased to expand our […] [Read More]

No question, social networks are transforming the way that auto marketers are communicating and engaging with consumers — from building brand advocates to creating viral and content marketing campaigns, to monitoring reviews of specific car dealerships.   While most auto marketer’s social orientation is towards fan engagement, and reputation management, social media is in fact, […] [Read More]

Though perhaps not always discussed in great detail, there certainly are ties between the certified pre-owned and F&I segments of a dealership’s business. Auto Remarketing looked into these interwoven departments during our annual “Best CPO Dealers in the United States” special edition this winter. How has the availability of financing helped you move more CPO […] [Read More]

Used-car supply has bounced back in recent years, but simply having greater access to inventory might not be all it takes to get the right certified pre-owned vehicles on your lot. So, as part of our annual “Best CPO Dealers in the United States” special edition this winter, we asked top General Motors dealers to […] [Read More]

ADESA subsidiary AutoVIN has signed a definitive agreement to purchase the vehicle inspection business of DataScan Field Services. The closing of the deal — which is subject to conditions — is projected to happen within 60 days. The two combined companies plan to provide all major leasing companies and auto lenders with inspection services. This news comes […] [Read More]