The American International Automobile Dealers Association highlighted some of the speakers who will be a part of the organization’s ninth annual International Auto Industry Summit that runs on May 11 and May 12. The event’s opening dinner will be headlined by Robert O’Neill — a renowned member of Navy SEAL Team 6 — who will […] [Read More]

Coming off the fourth record year in a row for certified sales, the market is at an all-time high. That’s according to analysts at Edmunds.com, whose latest Used Vehicle Market Report shows that 2014 CPO sales hit an all-time record of 2.3 million. Interestingly, though it wasn’t a record year for used-car sales overall, the […] [Read More]

Although the prevalence of certified pre-owned has certainly increased in recent years, it still represents less than a quarter of used-car sales. Or, as AutoTrader.com president Jared Rowe put it: “That’s a lever we haven’t fully pulled.” Rowe was speaking last week at the 2015 Digital Summit , an event at Google’s Mountain View, Calif., headquarters […] [Read More]

The latest Equifax analysis of the subprime auto finance industry triggered memories of when auto finance leader Lou Loquasto first began his professional career. Not only did Equifax call the subprime auto space “sound,” but analysts also found data that clearly backed up the claim, which they shared in a report titled, Subprime Auto Loans: A […] [Read More]

Chernek Consulting president Rebecca Chernek and SubPrime Auto Finance News contributor recently launched her consulting firm’s interactive online F&I training program, Chernek Consulting Virtual Pro. Chernek highlighted the program’s three modules — F&I Basics, Off-Prime Customers & Financing and How to Present a Million Dollar Menu — provide 25 chapters of targeted training, supported by […] [Read More]

Hyundai Capital America that does business as Hyundai Motor Finance and Kia Motors Finance entered into a two-year sponsorship agreement this week with New York City’s Museum of Modern Art (MoMA) — what the captive finance companies called the foremost museum of modern art in the world. With this sponsorship, HCA joins Hyundai Card, its […] [Read More]

On Wednesday, Edmunds.com announced the winners of its Five Star Dealer Awards, which spanned across 51 metropolitan markets in the United States. The awards program is in its third year, and the awards recognize dealers who earned the the highest marks for customer satisfaction in Edmunds.com's Dealer Ratings and Reviews. "We at Edmunds.com believe in putting […] [Read More]

FCA US LLC — formerly known as Chrysler Group LLC — announced this week it has promoted a new vice president of dealer network development. Taking on the position is Alistair Gardner, who will take on the new role in addition to his current position as president and chief executive officer of the Chrysler Brand. […] [Read More]

Donlen announced the debut of a new remarketing channel called Donlen Dealer Direct on Tuesday that aims to connect the company with a national array of “fleet-focused dealers” looking to buy vehicles. There are more than 100 salespeople with Donlen Dealer Direct promoting the company’s cars directly to these dealers, Donlen said in its announcement. […] [Read More]

The fact that the date of his upcoming retirement, April 1, coincides with the prank-happy holiday is purely a coincidence. “To start with, that’s not an April’s Fool’s joke,” Ricky Beggs told Auto Remarketing by phone on Tuesday afternoon in his first interview since his retirement was announced.  Yes, the senior vice president and editorial director at […] [Read More]