This month’s used-vehicle sales will likely beat year-ago figures by 1 percent, as the Northeast snowstorm in the latter part of January had little impact on the pre-owned car market, according to CNW Research. The firm is predicting that January will close with more than 2.36 million used sales industry-wide, ahead of the 2.34 million […] [Read More]

Insurance Auto Auctions made its third growth move in the past two months; this time expanding its services at a pair of Ohio facilities. To respond to the demands of the winter season, IAA expanded its Buckeye State branches in Columbus and Cleveland. The Cleveland branch, located on 7437 Deer Trail Lane in Lorain, Ohio, has […] [Read More]

Perhaps spending more than 30 minutes talking about how potential losses in new-vehicle lease business were going to hurt the company’s performance provided the kindling that was lit when an investment analyst asked Ally Financial chief executive officer Michael Carpenter if he would sell off SmartAuction to General Motors or another potential buyer of the […] [Read More]

Despite General Motors enhancing its relationship with GM Financial and Fiat-Chrysler shifting its captive finance company allegiance to Chrysler Capital that’s fueled by Santander Consumer USA, Ally Financial remains confident in its future prospects, sparked in part by the fact that its total originations last year came in at the highest level since 2007. Ally […] [Read More]

New analysis by The Pew Charitable Trusts showed again how much that monthly payment is critical to formulating a vehicle installment contract. The report indicated the majority of American households are living paycheck to paycheck because analysts discovered 55 percent are savings-limited, meaning they can replace less than one month of their income through liquid […] [Read More]

Auto Remarketing recently took a look at trends revealed in the recent MTV study, “Millennials Have Drive,” that implies millennials might be more interested in the cars on your lot than you might think. The first portion of the MTV study debunked myths left and right, showing millennials might be far more interested in vehicle purchases […] [Read More]

Fitch Ratings indicated the shift away from smaller, more fuel-efficient vehicles could result in lower wholesale vehicle prices and marginally slow asset performance of auto ABS transactions in 2015. Analysts pointed out that sales of trucks and SUVs reached the highest level in more than three years through the end of 2014, while sales of […] [Read More]

Commerce search advertising company HookLogic announced this month the release of Mobile2Show, a mobile targeting solution aimed at “showroomers,” or people who will visit multiple dealerships in the same day while car shopping. The program uses targeted advertisements to provide incentivized offers to mobile shoppers while they are physically located at a specified geographic location, […] [Read More]

Credit union lease program CU Xpress Lease announced Thursday it has partnered with Affinity Federal Credit Union. Located in Basking Ridge, N.J., Affinity is New Jersey’s largest credit union and will begin offering automotive leasing to its members in New Jersey, Pennsylvania and New York on March 16. Scott Witherspoon, the senior vice president and […] [Read More]

Mike Marak is the president of M&M Auto Sales in Hiawatha, Iowa, boasting more than three decades of buy-here, pay-here experience. Marak chose to spend three days in Dallas last week for the Best Practices Conference hosted by the National Alliance of Buy-Here, Pay-Here Dealers. Judging by what he shared with NABD afterward, it seems […] [Read More]