This week, TransUnion took a different look at what kind of debt consumers are carrying nowadays. The new TransUnion study found that the consumer loan wallet — the composition of loans that people typically carry — has materially changed for both the youngest and oldest segments of the population during the last decade. However, when […] [Read More]

On Thursday, Tesla chief executive officer Elon Musk revealed his new all-wheel drive version of the Tesla Model S — designated by the letter “D”, which stands for dual motor — as well as a series of impressive driver assistance systems. And though this double-motor technology allows the car to race from 0 to 60 mph […] [Read More]

While in the installment contract space subprime financing is at levels not seen since 2006, Swapalease.com is finding that an influx of subprime consumers applying to the leasing sector is “muddying the approval waters a bit.” Site analysts reported their lease credit approvals during the month of September dropped down to 64.5 percent, falling after […] [Read More]

Auto Remarketing has officially announced its 2014 CPO Dealer of the Year, presented by NCM Associates, and earning this year’s honors is Hyundai of New Port Richey. This dealership, located on the Gulf Coast of Florida, was featured as Hyundai’s top certified pre-owned seller in “The Best CPO Dealers in the USA” issue of Auto […] [Read More]

Whether you’re working the auction block or trying to buy what’s on it, one thing is the same: time is money. The process, on average, lasts just 37 seconds. For dealers, the quality of every second spent on auction day generally makes the difference between a profit and a loss, taking advantage of a gainful […] [Read More]

Dealer group Pfaff Automotive is celebrating a significant milestone this year, and one that is being recognized by Porsche and Audi, as well. To celebrate Pfaff Automotive ’s 50th anniversary, Porsche has created five limited edition 911 models in Pfaff's honor. The high-end cars are all-white and feature a red stripe over the car and […] [Read More]

You may be used to seeing these guys’ television commercials – TV spots full of humor and quirks – but you can expect to see them on the television in a different respect by the end of the month. The brothers who run sales at Ride Time —  Doug MacIver and Andrew MacIver — as […] [Read More]

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]