Ally Financial chief executive officer Jeffrey Brown pledged that the company would maintain positive performances despite a huge volume of originations no longer coming its way from General Motors and Chrysler. Now, Brown contends he has Ally’s first-quarter results to back up his assertions. The company’s auto financing originations for the first quarter remained strong […] [Read More]

Digital Recognition Network hired a new managing director for its risk solutions business on Wednesday. The company’s growth in the insurance market prompted DRN to bring on Eric Nesson, a 25-year sales and insurance industry professional. Most recently, Nesson headed the BuyCrash sales efforts for Appriss. As vice president of business development he expanded the company’s […] [Read More]

CRIF Select, a division of CRIF Lending Solutions and leading provider of indirect lending solutions, recently teamed with Dealertrack’s Digital Document Services (DDS) to provide Dealertrack’s eDocs solution for digital contract processing to CRIF Select’s partner institutions and dealerships. Dealertrack’s eDocs is a comprehensive solution for the scanning, data entry and verification of paper contracts. […] [Read More]

Here’s some trivia for you. If you took all the drivers trading in hybrids and electric vehicles this year, what type of vehicle did about 22 percent of those folks end up buying in return? If you said “a new SUV,” you’re correct. This somewhat surprising statistic was shared recently by Edmunds.com, whose analysis illustrates […] [Read More]

The Costco Auto Program announced Tuesday its Driving Member Satisfaction event, which will award $2,000 to a winning authorized contact and general manager team each month to thank its participating dealers and to help improve the dealers’ customer service index scores. The first award recipient is Carol Gonzalez at Honda of Bowie in Bowie, Md., […] [Read More]

U.S. Bank recognized 2014 Auction of the Year winners, spotlighting five auctions with annual honors. The winning locations are listed below: Highline Segment Winner: Manheim Pennsylvania Lease Return Segment Award: Manheim Milwaukee Retail Repo Segment Winner: Manheim Riverside U.S. Bank Asset Remarketing Director's Award: ADESA Kansas City  Marine/RV Segment: Brasher's Northwest Time Change at Manheim […] [Read More]

After first announcing the plan to launch a  certified pre-owned program for the Model S last fall, Tesla has officially launched the offering online. Auto Remarketing confirmed with a Tesla spokesperson that the Model S pre-owned website launched this past Friday. The website, whose launch was first reported by Clean Technica, features the CPO warranty, front-and-center. […] [Read More]

As the group’s used-vehicle sales jumped by 10.6 percent in the U.S., the segment of Group 1 Automotive’s business that shined brightest during the first quarter was the finance and insurance department. Delving into more U.S. results, F&I revenue jumped 13.3 percent while Group 1 established an F&I gross profit per unit record. That back-end gross […] [Read More]

Penske Automotive Group announced its earnings results for the first quarter of this year and held its quarterly conference call Tuesday. The company sold a total of 48,057 used retail units (U.S. and international) in the first quarter, representing a year-over-year increase of 6.7 percent.  Sharing more overall pre-owned results, Penske's used-vehicle revenue rose 6.8 percent year-over-year, up […] [Read More]

There’s one thing in particular that Will Amiri notices about buyers of certified pre-owned vehicles that may make them different than most used-car buyers. As part of our annual “Best CPO Dealers in the United States” special edition this winter, Auto Remarketing asked Amiri — the used-car director of Longo Toyota & Lexus — what […] [Read More]