Moody’s Analytics and Equifax are uniting to host a free webinar aimed at answering a pair of questions. Loan originations in automotive are leading the credit rebound, but which lenders are at the forefront and which consumers are they targeting? Does the increase in subprime lending point to the beginnings of a bubble? During the […] [Read More]

Dealertrack Technologies today announced the completion of its acquisition of Dealer.com, a provider of comprehensive digital marketing solutions and services for the automotive retail industry. Rick Gibbs, former chief executive officer of Dealer.com and one of its co-founders, will lead Dealertrack’s newly formed digital marketing solutions team as executive vice president and group president. Dealertrack’s […] [Read More]

During the same week the Consumer Financial Protection Bureau “strongly urged” companies to make credit scores more readily available, a bill passed through the U.S. House aimed at limiting the authority of the bureau, which the measure’s author called, “a dangerously powerful and dangerously unaccountable agency.” As currently constructed, Rep. Sean Duffy, a Wisconsin Republican […] [Read More]

Don't miss the opportunity to honor the exceptional women of the remarketing industry. The March 7 deadline for nominations for the 2014 Women in Remarketing class is this Friday. Do you work with an exceptional female colleague? Know any leading ladies in the industry? Auto Remarketing is opening up nominations for the 2014 Women in […] [Read More]

International transportation services company Penske Automotive Group Inc., on Friday announced it has signed a letter of intent with Porsche Cars North America, to construct a new dealership that will serve as a flagship property for the Porsche brand. This new dealership, to be located in Broward County in southern Florida, will represent the company's […] [Read More]

Announcing a pair of auction leadership moves, Manheim said Friday that it has named Michael Meyer as general manager for Manheim Arena Illinois, and Greg Beck as general manager for Manheim San Francisco Bay. “Mike is a dynamic leader who will use his expertise and experiences to deliver solutions that help our customers succeed,” said […] [Read More]

Lease penetration for February is speeding away at an all-time clip, according to J.D. Power and Associates, which said at this pace, the month’s leasing rate would beat a record set nearly a decade-and-a-half ago. Interestingly enough, J.D. Power’s analysis of its Power Information Network data also indicated that long-term loans are on track for […] [Read More]

On Friday, NADA Used Car Guide released the first of a two-part series on vehicle value retention. This latest monthly NADA Perspective report tackles retention within passenger car segments and next month’s will look at trucks. So what car segments and individual models maintain their values the best? First, here’s how NADA UCG went about […] [Read More]

Kia Motors America and JM&A Group have renewed their deal for JM&A to be the provider of F&I products for Kia dealers.   The two companies first signed a deal in 2007. The lineup of products JM&A provides to Kia dealers, referred to as Kia Distinction, includes the following: —Vehicle protection plan —Maintenance plan —Road […] [Read More]

Manheim’s Tom Webb dissected the fourth-quarter reports from the seven publicly traded dealership groups and discovered same-store used unit retail sales increased for the 18th consecutive quarter. Webb pointed out that these companies managed to keep this streak going even though the year-over-year comparisons represented “an increasingly high hurdle.” Nevertheless, Webb mentioned in his latest […] [Read More]