Just a mere decade ago, as CPO was emerging onto the market, most shoppers had little idea what the acronym stood for, let alone how these vehicles stood out from late-model used rides. Now, according to recent TRADER research, the majority of vehicle shoppers are not only aware of the value of certified pre-owned vehicles, […] [Read More]

Wholesale price movement for the first month of 2015 for ADESA Canada and Manheim Canada was minor, showing little change from the end of last year. Based on numbers provided by the two companies, there appear to be very slight shifts in overall pricing as Manheim has reported a 0.3 percent decrease in its January […] [Read More]

This week, ALS Resolvion announced the completion of its operational and financial integration resulting from the merger of American Lending Solutions and Resolvion.  The two companies formally merged last September, creating one of the largest repossession management and skip-tracing firms in the auto finance industry. Officials highlighted the combined business currently employs more than 160 […] [Read More]

The latest Used Car Market Report from Edmunds.com indicates that lease penetration in 2014 reached 27 percent, just five years after rates fell below 17 percent. One of the segments of the car business that has been a big beneficiary of the rampant bounce-back in leasing has been the certified pre-owned business. “New-vehicle leasing continues […] [Read More]

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]