While staying at what analysts are calling manageable levels, TransUnion reported jumps in the auto loan delinquency rate on both a quarterly and yearly basis. TransUnion indicated the ratio of borrowers 60 days or more delinquent on their auto loans increased to 1.04 percent in the third quarter. The level marked a rise from the […] [Read More]

In an effort to enhance performance within its North American operations, Nissan announced last week a series of leadership shifts. Commenting on the news, Jose Munoz, who becomes chairman of Nissan North America effective Jan. 1, said, "These moves will help us achieve the objectives of Nissan's Power 88 mid-term business plan in the newly […] [Read More]

For the fourth time in the past year, the National Highway Traffic Safety Administration said Ford is recalling the 2013 Escape through two different campaigns to correct critical fluid leaks. The larger campaign covering 139,917 units equipped with 1.6L engines is because the affected vehicles may experience localized overheating of the engine cylinder head, which […] [Read More]

Last week, Hertz Corp. held a groundbreaking ceremony for its state-of-the-art global headquarters to be located at the intersection of U.S. Route 41 and Williams Road in Estero, Fla. Officials highlighted the project is expected to create an estimated 400 headquarter jobs to be filled locally, and approximately 300 positions to be filled by Hertz […] [Read More]

Editor's Note: Subprime Auto Finance News is publishing this column in recognition of Presidents Day, which was commemorated on Feb. 19. David Walsh also will be part of the 2007 Used Car Manager Spring Training Conference in April, where he will lead a training session about how to improve closing ratios and protecting gross. We recently paid tribute […] [Read More]

Though slight, the report stated used market supply is forecasted to rise slightly. And new-vehicle sales in October were the highest on record, according to ALG, the fourth consecutive month of record sales. This, of course, is also good news for pre-owned dealers, as these new-car customers may come back with trade-ins in the coming […] [Read More]

Some dealers, auctions and other businesses are still playing catch up when it comes to digital marketing, but the early adopters are now reaping the rewards of being ahead of the game. Doug MacIver Jr., is inventory and Internet manager at RideTime, a Winnipeg, Manitoba, dealership. He says that as an early adopter of digital […] [Read More]

<p>Though slight, the report stated used market supply is forecasted to rise slightly.</p> <p>And new-vehicle sales in October were the highest on record, according to ALG, the fourth consecutive month of record sales.</p> <p>This, of course, is also good news for pre-owned dealers, as these new-car customers may come back with trade-ins in the coming […] [Read More]

There will likely be an increase of more than 4 percent in used-vehicle sales this month, according to CNW Research, which has pegged the industry-wide total at 3.09 million used sales for November. Especially striking was the increase for franchised dealers, CNW said in its latest Retail Automotive Summary, noting how these hikes were particularly […] [Read More]

It is easy to fall into the trap that assumes consumers think dealership contact throughout car ownership is a nuisance that should be avoided or at least utilized only when necessary. But that might not be the case. A recent Maritz research study showed that 18 percent of customers say the dealership they bought from […] [Read More]