Along with co-host Jennifer Reid from Equifax, Used Car Week held its first-ever DealerChat via Twitter on Wednesday. Reid and her team from Equifax, along with other Twitter Chat participants from the remarketing space, fielded a variety of questions about top dealer trends, finance, Used Car Week and more. Here are five of the top […] [Read More]

Manheim executive vice president and chief operating officer Janet Barnard has been named by Women in Technology as a finalist for the Women of the Year in Technology Awards, presented by Infor. The awards spotlight Georgia’s leading female leaders in science, technology, engineering and math, honoring their accomplishments in these fields and their impact to […] [Read More]

Along with giving some hints as to where the Manheim Used Vehicle Value Index might be trending — as well as what this year’s record amount of recalls did to the remarketing of rental risk units — chief economist Tom Webb explained why new-vehicle leasing is going to have a greater impact than the market might […] [Read More]

BraunAbility chose to extend its relationship with Ally Financial by launching a new financing program this week that is dedicated to providing the best customer experience for individuals looking to finance a mobility vehicle. Officials highlighted this new program, BraunAbility Finance, is designed to provide financing tools to help ensure mobility customers can afford the […] [Read More]

The Association of Finance and Insurance Professionals (AFIP) announced Brian Vance, the regional F&I manager in the Midwest office of Zurich North America, earned his master certification at an AFIP Certification Boot Camp in Overland Park, Kan., this summer. Vance is the second Zurich executive to earn master certification, following Scott Gagne, the Wisconsin regional […] [Read More]

National Automobile Dealers Association chairman Forrest McConnell reiterated his arguments this week against points made by federal regulators, especially the Consumer Financial Protection Bureau. McConnell emphasized in remarks to the Automotive Press Association in Detroit that dealers compete fiercely against each other on vehicle pricing, financing and service, which reduces costs for consumers. “Competing with […] [Read More]

Equifax reported the total balance of newly originated subprime auto loans stood at $70.7 billion in August, a level representing an eight-year high and 27.8 percent of the total balance of new auto loans. That’s a slight increase in share from the previous year. But Equifax auto finance leader Lou Loquasto pointed to a different […] [Read More]

Less than five months after debuting the Q auto program in Tampa, Fla., another stand-alone used-car store from Asbury Automotive Group has officially opened, the retailer announced this morning. The second store under the Q auto brand is located in Jacksonville, Fla. The company is aiming for Q auto to be a “different approach to car […] [Read More]

September marked the largest price decline for used vehicles all year, following seasonal trends most in the industry expect when the weather starts to cool. According to Black Book data, the average price of a used vehicle for model years 2009-2013 saw the largest monthly depreciation of 2014, falling by 1.7 percent last month. Interestingly, August […] [Read More]

Manheim chief economist Tom Webb determined wholesale used vehicle values declined by a little more than 2 percent in the third quarter, stating the market showed signs of returning to more normal levels after historically high prices earlier in the year. As a result, the Manheim Used Vehicle Value Index — a measure of wholesale […] [Read More]