The American Financial Service Association along with the West Virginia Bankers Association applauded Gov. Earl Ray Tomblin for signing a measure that originated out of the state that Senate officials said made much needed revisions to the state’s collections law. Currently, AFSA explained a creditor or debt collector is prohibited from communicating with a consumer […] [Read More]

Connectivity may be the best feature to plug when talking to a used-car shopper. And whether or not that car is in good shape may be the most crucial piece of information you pass along to that shopper.   That's according to a white paper from CarStory, which among other areas, investigated the top features used-car […] [Read More]

Auctions and dealerships that have a strong business interest in how classic cars are moving on the wholesale and retail fronts should be pleased to hear the upbeat projections from IBISWorld, which said the industry appears “to be back on the right track.” The firm’s latest report showed that revenue is estimated to increase during […] [Read More]

Spring trends in the lanes haven’t played out quite like they normally do, according to Black Book, and depreciation patterns in March continued to show differences when compared to 2014 as demand for larger vehicles dominated tax season. According to Black Book, wholesale prices for model years 2009-2013 fell by an average of 0.7 percent […] [Read More]

TrueCar announced Monday it has hit a record for dealer enrollment during the first quarter. The site enrolled 840 dealerships in Q1, which marked the biggest-ever volume gain in the company’s history. The new additions brought the TrueCar Certified Dealer network to an all-time high of 10,680 franchised and independent dealer partners, which is up […] [Read More]

Auto Remarketing has launched a new series this year called “Consignor Connection,” in which we catch up with a leading remarketing executive at a different consignor each month. In a Q&A format, we talk about best practices, auction industry trends and more. The latest in this series features Dan Kennedy, manager of GM Remarketing: Auto Remarketing: […] [Read More]

CarMax Auto Finance is comfortable enough booking subprime paper that it’s going to continue the practice into another fiscal year. Through the close of its 2015 fiscal year, CarMax Auto Finance originated $72.2 million of receivables through its test of financing subprime loans; a pilot program that started last January. During the fourth quarter of […] [Read More]

The service and fixed operations industry is a $310 billion business. The problem is, only a little more than a quarter of that goes to franchised dealerships, says Netsertive’s Tim O’Rourke, citing outside research. “The franchised dealers are getting 27 percent of that ($310 billion total), according to their own internal data. They are getting […] [Read More]

Fitch Ratings is expecting spring flowers to bloom as well as ABS performance in both the subprime and prime markets to blossom, too. Analysts indicated loss trends changed direction for both U.S. prime and subprime auto ABS in March, and they explained the common denominator is that both sectors are set to benefit with the […] [Read More]

Security National Automotive Acceptance Co. (SNAAC) recently opened a second office in Cincinnati. Company officials highlighted more than 60 associates moved into the new space consisting of 14,500 square feet in the Triangle Office of Mason building. SNAAC indicated the move allows for the accommodation of new associates at the headquarters building on Cintas Boulevard. […] [Read More]