It’s been an emotional week for Banco Santander and Santander Consumer USA leaders both in Europe and the U.S. Chairman Emilio Botín unexpectedly passed away on Tuesday, and a day later the bank’s board of directors of unanimously agreed to appoint his oldest daughter, Ana Botín, as its new chair. Officials from Santander Consumer USA, […] [Read More]

Prices continued dropping at the auction this August, and overarching trends remained unchanged: the groups with the biggest declines in the lanes are still the luxury and fuel-efficient segments.  And these trends are causing many analysts to take another look at where prices will stand in the lanes come year-end. “Despite our projection that 2014 will end the […] [Read More]

Make it 13 quarters in a row during which the average amount consumers had remaining on their vehicle installment contract moved higher year-over-year. TransUnion's Industry Insights Report indicated that auto loan debt per borrower jumped 4.1 percent from $16,410 in the second quarter of last year to $17,090 in Q2 of this year. On a […] [Read More]

Cox Automotive is going national with its DealShield Purchase Guarantee product that lets wholesale buyers return a vehicle for any reason and receive a complete refund of purchase price and buyer’s fee. Through DealShield, the car can be brought back for up to 21 days and 500 miles from the time of purchase, depending on […] [Read More]

Subaru Canada Inc. and the Quebec Subaru Dealers Association announced late last week they had collectively raised $50,000 for Special Olympics Quebec. In association with the Rinaldi Agency, the event, with “a gesture that makes a difference” theme, was hosted at the Club de golf Fontainebleau on Aug. 22. Special Olympics Quebec, in operation for […] [Read More]

When Auto Remarketing Canada launched its inaugural Power 120 issue last fall, we had no doubt the Power list would grow, just as the number of innovative companies in the remarketing space continues to expand. The second annual Power issue — set to be released later this month — reflects that growth, as this time around we […] [Read More]

Auction volume was up nearly 5 percent in August, according to the National Auto Auction Association, continuing what’s been a solid 2014 so far and likely the third straight year of increased volumes — with more growth on the horizon. The association’s latest Economic Dashboard — prepared by NAAA economist Ira Silver — indicated that […] [Read More]

The National Highway Traffic Safety Administration will be examined in a Senate subcommittee hearing next week. Announced this week by the U.S. Senate Committee on Commerce, Science, and Transportation, the Subcommittee on Consumer Protection, Product Safety, and Insurance will host the hearing on Tuesday at 2:30 p.m. EST. The hearing, titled “Oversight of and Policy […] [Read More]

The latest installment of the Auto Remarketing Training Series — a free webinar featuring experts from Automotive Internet Media (AIM) and Manheim — is set to give dealers another round of training they need to make better inventory decision to improve sales and gross profit. The upcoming free webinar is scheduled for 2 p.m. ET […] [Read More]

Along with giving an update on how many dealers are using its mobile apps, Manheim highlighted the benefits from the investment in its new Enhanced Vehicle Imaging Suite, which is aimed at helping customers who have struggled to find vehicle condition reports with consistent imaging quality. Manheim introduced the Enhanced Vehicle Imaging Suite to customers […] [Read More]