Automotive Finance Corp. announced this week that a few of its branch locations located in the Western U.S. have moved to larger offices. The move, aimed at fostering AFC’s growth, will aid in the company’s ability to serve dealers. The offices relocated include AFC’s locations in Denver; Albuquerque, N.M.; San Diego; and San Jose. Joe […] [Read More]

The National Association of Minority Automobile Dealers and Ally Financial introduced a financial literacy initiative today at NAMAD’s 2014 Conference that is designed to help dealers educate consumers and employees about the financing process. The free “Guide to Being Wallet Wise” is a resource dealers can use to not only increase knowledge of car financing […] [Read More]

Ford issued six separate safety recalls this week for various models in their production lineup. The total recall number, based on totals provided by Ford with figures as of June 23, add up to 100,610 vehicles, with a possible overlap with two of the six recalls. The majority of the recalls, 91,162 units, are vehicles […] [Read More]

Used cars are not only more fresh these days, but they're also much more valuable. And this growth in value is showing up in the prices people are willing to pay for these pre-owned vehicles. In fact, the total value of used cars sold in June was up 17.3 percent from a year ago, according […] [Read More]

Even as tax season came to a close, prompting predictions of used-car value drops, Manheim reported Tuesday there was actually an increase in used-vehicle values in the second quarter. The driver? Consumer demand, says Manheim analysts. “Strong consumer demand drove an increase in volume and values for used vehicles in the second quarter as attractive […] [Read More]

Risk management company Remarketing of America (ROA) launched a new program to recognize outstanding performance among auto auctions this week. The company revealed its new ROA Blue Award program on Tuesday, which ranks auctions for their performance against its productivity scorecard. Along with the announcement, the company reported its first set of winners for Q1, […] [Read More]

Auto dealer cooperative Wholesale Auto Supply Co. has now begun to offer a biometric-based identification device, for time and attendance purposes, to its members. The technology, provided by Actual iD, uses fingerprint scanning to identify intended individuals for the purpose of time-keeping, providing access to certain areas, and other uses as determined by the customer. […] [Read More]

After high prices stuck around a bit longer than expected in May following the close of tax season, the auction price declines in June more than doubled. According to Black Book data, prices for vehicles model years 2009-2013 fell an average of 1 percent. This is compared to a decline of 0.4 percent in May. […] [Read More]

When Asbury Automotive Group discussed its first-quarter results and announced its Q auto stand-alone pre-owned store concept this spring, chief operating officer Michael Kearney talked about the retailer’s used-car culture. It’s an approach that has led to significant used-vehicle growth for Asbury in recent years, setting the group up nicely to roll out such an […] [Read More]

Go Auto Exchange announced Monday it has purchased United Auto Auction in Houston, giving the company its third location and bulking up its presence in the Southwest. United Auto Auction — a four-lane location on 11 acres that has been in existence for more than 25 years — has been renamed Go Auto Exchange Houston. […] [Read More]