At the NAAA Convention in Boston, the National Independent Automobile Dealers Association awarded its 2014 Auto Auction of the Year honors to Dealers Auto Auction of Huntsville, Ala. The award, which began back in 2008, is designed to highlight an NAAA member showing the highest level of customer service and resources for NIADA dealers, while also […] [Read More]

In an analysis released earlier this month, CNW said that September could have brighter days in store for the used-vehicle market following a rather tough August.  Seems CNW was right on the money with its predictions, as used-car sales this month will likely beat year-ago figures by more than 2 percent. But that is not the only positive sign […] [Read More]

NextGear Capital appointed a former Wells Fargo executive to be its new division vice president for the company’s East region. Taking on this role is Todd Gunderson, who will be responsible for the oversight of the company's business development and growth throughout the Eastern region of the United States. “At NextGear Capital, we are about […] [Read More]

CNW Research contends subprime approvals are moving higher this month at a pace possibly even better than what the exact figures indicate. According to the firm’s latest Retail Automotive Summary, subprime approvals so far this month are registering 17.7 percent higher than September of last year. On a month-over-month basis, the increase is about a […] [Read More]

Analysts for S&P Dow Jones Indices and Experian quickly tempered concerns about a negative payment environment developing even though the auto loan segment of the S&P/Experian Consumer Credit Default Indices ticked up slightly in August. August’s default rate came in at 1 percent, marginally higher than the previous month’s reading of 0.96 percent. But on […] [Read More]

As new-vehicle sales continue to grow, an ever-increasing number of off-lease and trade-in vehicles are returning to dealers. According to data provided by AutoTrader, certified pre-owned vehicle inventory has increased by 6 percent since March, 80 percent of which are non-luxury vehicles, totaling to 380,758 vehicles. What will buyers be looking for? Here are a […] [Read More]

Compliance technology provider SecureClose wrapped up AutoStar Solutions’ seventh annual Innovate conference on Wednesday with a list of 10 recommendations for how to significantly decrease risk from lawsuits and government actions pertaining to the F&I closing process. Brent Chavez and Joe Perkins of SecureClose first cited the latest move by the Consumer Financial Protection Bureau […] [Read More]

Ron Smith, chief executive officer of S&A Cherokee and Publisher Emeritus of Auto Remarketing, earned the National Auto Auction Association 2014 Marie Hingst Exhibitor of the Year Award during the 66th Annual NAAA Convention & Exposition in Boston this week. Smith has long been a highly visible fixture in the remarketing industry as publisher of […] [Read More]

Both Chrysler Group and General Motors announced more recalls this week, adding to the unprecedented list of reported issues this year. Chrysler Group is recalling an estimated 230,760 sport utility vehicles around the world —15,898 of which are in Canada — to install a new part to prevent a fuel pump issue that the company […] [Read More]

It was announced today that ShipCarsNow — a subsidiary of Union Pacific Railroad — is the recipient of the 2014 SmartWay Excellence Award from the U.S. Environmental Protection Agency (EPA). The shipper and logistics excellence award winners were recognized at the Council of Supply Chain Management Professionals Annual Global Conference on Tuesday in San Antonio. This annual […] [Read More]