NextGear Capital this week announced a new floor planning integration with AuctionACCESS, a development that comes on the heels of a credit line availability integration between the two companies. Officials highlighted these moves will allow auctions to quickly and efficiently originate floor plan transactions for their dealer customers. "NextGear Capital is continually searching for ways […] [Read More]

The American Bankruptcy Institute reported that total filings in the United States decreased 13 percent in January from the same month last year. According to data provided by Epiq Systems, bankruptcy filings totaled 68,153 in January, down from last January's total of 78,602. Officials indicated consumer filings declined 13 percent in January to 65,263 from […] [Read More]

Despite financing originations tailing off a bit during the fourth quarter, Ally Financial senior executive vice president of finance and corporate planning Jeffrey Brown contends the company is in a great position to capitalize on growing vehicle and F&I sales through a streamlined framework. Brown made that assertion after Ally's Q4 originations came in at […] [Read More]

The Angelicchio family, which owns Pittsburgh Auto Auction, has announced an agreement to purchase the assets of Winchester Auto Dealers Exchange. This move will be done through a newly formed corporation, Winchester Auto Auction Inc. The newly acquired auction will eventually enroll in National Auto Auction Association membership and apply for ServNet membership in coming […] [Read More]

The nation’s first auto auction is celebrating its fifth time taking home GM Financial’s top auction award. As part of the lender’s annual nationwide Auction of Excellence program, Rawls Auto Auction was named the 2013 Auction of the Year. GM Financial reviewed its 44 participating auctions for their performance in areas including customer service, marketing […] [Read More]

Amid the increased buzz in the new- and used-car markets that comes with the start of the spring selling season, there are three connected trends at play that are likely to downwardly impact used-car prices, according to AutoTrader.com. Juan Flores, director of operations for the Trade-In Marketplace at AutoTrader.com, said that as the season begins […] [Read More]

Women-Drivers.com’s 2014 Women’s Car Buying Report didn’t just cover the top brands as rated by female vehicle buyers, with Mercedes-Benz topping the list.  It also pointed out a few marketing strategies that may attract more women buyers to your dealership. According to the report, female buyers are spending less and less time shopping around and […] [Read More]

Used-car prices began falling as the year began, bringing a taste of what is expected to be the annual trend after dealers wade through tax season price hikes at auction. According to the latest RVI Market Update, wholesale prices for 2- to 5-year-old vehicles fell by 4.1 percent in January when compared to December. That […] [Read More]

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

WASHINGTON, D.C. — Following a public comment period, the Federal Trade Commission approved final consent orders this week, settling charges that two dealers deceptively advertised the cost or available discounts for their vehicles. The FTC charged Don White's Timonium Chrysler Jeep Dodge of Cockeysville, Md., with advertising "dealer discounts" and "Internet prices" that the FTC […] [Read More]