Subprime Analytics, which provides computerized portfolio metrics analysis of subprime auto finance installment portfolios, announced that it has completed the integration with a pair of dealer management software providers: Auto Master Systems (AMS) and FEX DMS. Subprime Analytics founder and president Ken Shilson explained that AMS is one of the oldest and largest dealer-management software […] [Read More]

It has happened again. Special finance has risen from the ashes and put the franchised car dealers back in the bad credit business. How many times have we seen this? I know at least four times for me personally. The special finance lenders get capital and start writing some lower beacon customers on “newer” used […] [Read More]

The peak of tax season is over. W-2 forms have been handed out to employees, and the tax refund money is long gone in most cases. If your business was ready for tax season, the annual opportunity was once again available to cash in. Tens of thousands of cars were moved from October to January […] [Read More]

Working with customer disputes isn’t an unfamiliar situation to most buy-here, pay-here operators. Dealers have become accustomed to smoothing out situations about repairs, payments and a host of other issues. Another customer concern happening more often stems from individuals who had their vehicle repossessed and the loan balance forgiven (or discharged under state law). That […] [Read More]

The National Auto Auction Association has reached an agreement with Cherokee Automotive Group, publishers of Auto Remarketing Canada and sister publication Auto Remarketing, to combine its annual convention with CAG’s National Remarketing Conference, beginning in the fall of 2016. The combined meeting will be known as the National Remarketing Conference and National Auto Auction Association […] [Read More]

The National Independent Automobile Dealers Association made sure to craft a detailed response when the Consumer Financial Protection Bureau allowed time for comments regarding possible changes to federal rules governing debt collection. Regulators sought the input as they consider the option of changing rules that enforce the Fair Debt Collection Practices Act. NIADA regulatory counsel […] [Read More]

Ally Financial announced this morning that it has begun an initial public offering of shares of its common stock. In its statement, Ally said the shares offered in the IPO will be from the U.S. Department of the Treasury, per Treasury’s planned exit of its investment in the company. The 95 million shares being offered […] [Read More]

While parts of the Northeast are digging out from one last snowstorm of the season, Manheim’s Tom Webb chose to tie together gardening and how the industry is improving. In the March Auto Industry Brief from Manheim Consulting, Webb explained many economic watchers will be looking at how warmer weather will help performance. “Now that […] [Read More]

The National Highway Traffic Safety Administration said Nissan North America is recalling nearly 1 million units to correct a software issue associated with the airbag system. The vehicles included in the campaign are Nissan’s Altima, LEAF, Pathfinder and Sentra from the 2013 and 2014 models years, the 2013 NV200 also known as the Taxi as […] [Read More]

As Capitol Hill hearings about the recalled units get closer, NADA Used Car Guide indicated wholesale prices for vehicles included in the General Motors ignition switch controversy haven’t moved much beyond industry averages. Analysts told Auto Remarketing on Wednesday that prices for the 2005 through 2007 Chevrolet Cobalt changed little based on data through March […] [Read More]