Like sister publications within Cherokee Automotive Group, SubPrime Auto Finance News is leveraging a new website into more opportunities to distribute content, enhance branding for advertisers and broaden social media popularity. With the launch of this new website, SubPrime Auto Finance News is increasing its commitment to serving our audiences — both with editorial content […] [Read More]

Triggered in part by the performance of vehicle financing, TransUnion’s Credit Risk Index — a measure of aggregate credit risk in the nation — dropped at the conclusion of 2013 to its lowest level since 2005. Analysts determined the Credit Risk Index (CRI) decreased to 110.10 in Q4 2013, down nearly 9 percent from 120.64 […] [Read More]

Dealers in and around Charlotte, N.C. have a new auction to choose from when acquiring used inventory for their lots: Auto Auction Holdings’ Speedway Auto Auction of Charlotte, which is located in suburban Concord, N.C. The new facility is located on 33 acres and touts five lanes for its weekly sales on Tuesdays as 2:45 […] [Read More]

On Thursday afternoon at the NAAA/CAR/IARA event in Las Vegas, Avis Budget Group announced its 2013 Auction Performance Awards, joining several other remarketing players revealing annual awards this week. Starting things off for Avis Budget, its Highest MMR Retention award went to Dealers Auto Auction of Oklahoma City, and its Volume Leader award went to  […] [Read More]

Manheim Pennsylvania is gearing up for its two-day Xtreme Spring Event on March 20-21, which will include a Spring Charity Gala, to benefit the Wounded Warrior Project organization — and there are some highline names on tap that are bound to draw a crowd when these machines role through the lanes. The spring event will […] [Read More]

During a panel discussion on multi-platform selling at Used Car Week this fall, GM Financial’s Dan Heinrich expressed a concern. He said one of the hurdles to this type of online wholesaling gaining widespread traction in the remarketing business was inconsistency with condition reports. Flash forward a couple months, and the industry may have found […] [Read More]

In a joint announcement today, Manheim, ADESA and the independent auctions said they have made significant progress toward the creation of a multiplatform bidding solution that would facilitate simultaneous bidding on vehicles listed on multiple online auction sites. The statement from these auction parties says that the proposed multiplatform solution is different from any other […] [Read More]

The latest report from IBISWorld and findings from Equifax Canada released this week covered what appears to be a rosy future for the used-car industry, as analysts predict strong growth in the Canadian automotive industry and report more consumers turning to the used-vehicle industry for their next car purchase. According to The Used Car Dealers […] [Read More]

As 2014 progresses and February numbers start coming in, European automakers are still outpacing their Japanese counterparts in certified pre-owned sales. Volkswagen Canada reported a record February, selling 1,331 CPO vehicles, compared to 998 sold during the same period of 2013. “February was another record month for CPO sales at VW Canada.  Our Dealers delivered […] [Read More]

Ford Motor Company of Canada Ltd.  has officially announced the award winners for the 2013 Auction Quality Program. The Auction Quality Program is an annual metrics driven auction performance tracking initiative which focuses on the overall quality of auction services and vehicle reconditioning quality at 13 ADESA Auction sites across Canada in 2013.   Auctions […] [Read More]