Since the last Global Asset and Auto Finance Survey, the global economy looked to be entering a period of sustained growth and expansion — indicating good news for the auto and equipment finance industry. However, it has not all been plain sailing. Although it can be said the industry is on a firmer footing than […] [Read More]

Consumers are going to continue to ramp up their auto loan debt in 2015 while delinquencies are projected to tick higher, too. That’s the two main segments of TransUnion’s annual auto loan forecast that calls for auto loan debt to rise to $18,244 at the end of 2015. That forecast would mark 19 consecutive quarters […] [Read More]

Car Nation Canada, a dealer group with stores across Southwestern Ontario, has launched its ninth location and third non-franchise dealership — and the store has a specific mission: remarketing the dealer group’s trade-ins. What’s being coined as a pre-owned supercenter, Car Nation Canada DIRECT will serve as a funnel for the company’s trade-ins that come through […] [Read More]

Insurance Auto Auctions recently expanded two of its branches in Tulsa, Okla., and Des Moines, Iowa. Officials highlighted that both locations add to IAA's capacity to service customers in key markets and demonstrate IAA’s continued commitment to providing buyers and sellers with greater convenience and access to increased inventory. IAA's Tulsa facility is located at […] [Read More]

In announcing the name change from Chrysler Group LLC to FCA US LLC on Tuesday, officials with the Michigan automaker emphasized in their press release that neither the location of company headquarters (Auburn Hills) nor the company’s holdings, management, board or brands would be impacted. But what about the used-car side? What is the branding […] [Read More]

As the economy has been improving and vehicle sales have been increasing, transportation companies have been getting more requests to coordinate cross-country shipments. More fleet procurers are finding good deals at auctions outside their usual purchasing region. When shipping cross-country, factors like distance and weather definitely impact delivery dates. Alisha Bray, MetroGistics’ West Coast/Midwest dispatch […] [Read More]

As we head toward Christmas, ServNet member auctions have been busy working to help the less fortunate during this holiday season. Pittsburgh Auto Auction, for example, raised funds for A Child’s Place at Mercy, part of the Pittsburgh Mercy Health System for its volunteerism this October, culminating in a $15,000 check for the local charity. […] [Read More]

Sixty-four million millennials are expected to purchase a car in the U.S. in the next five years alone. A new study provides important insights into what the emerging Millennial generation is really looking for when buying a car.  The millennials, once known as the “Baby Boom Echo” (or Gen Y), are the largest generation in […] [Read More]

Carfax has been celebrating its 30th anniversary in 2014, and before turning the corner into the new year, we took a look at the company’s first three decades and where it is headed from here. On its website, the company’s mission from the onset was clear: “to be the leading source of vehicle history information […] [Read More]

Dealership reviews will now be available on AutoTrader.com.   As part of a partnership between AutoTrader and DealerRater announced Tuesday, consumer-generated ratings and reviews of dealerships done through DealerRater will be integrated into dealer profile pages on AutoTrader.com. That starts this month, the companies said. Additionally, a shopper can click a “Rate & Review This […] [Read More]