Ally Financial said Thursday that 57 dealers have been selected as nominees for the 2014 TIME Dealer of the Year award, which recognizes the nation's most successful dealers who also demonstrate a long-standing commitment to community service. Now in its 45th year, the TIME Dealer of the Year award is recognized as one of the […] [Read More]

Though used sales in October have slowed a bit due to the government shutdown earlier this month, Edmunds.com announced Thursday it is predicting October sales will “keep pace.” The site is predicting an estimated 3.06 million used cars will be sold in October, for a SAAR of 35.6 million (compared to 3.02 million — or […] [Read More]

GAINESVILLE, Ga. — Industry conferences as well as client visits and calls filled Jeff Bunch's calendar for much of the past several weeks. The vice president of Black Book Lender Solutions shared some details of what lenders are seeking nowadays in light of rising contract terms and inflating loan-to-value ratios. Bunch told SubPrime Auto Finance […] [Read More]

NEW ORLEANS — The National Alliance of Buy-Here, Pay-Here Dealers is giving operators the chance to attend at least a day of its upcoming East Coast Conference, which runs from Nov. 3 through Nov. 5 at the Hyatt Regency Superdome in the Big Easy. BHPH dealers can secure a one-day pass as well as New […] [Read More]

WASHINGTON, D.C. — Along with installing its new chair, American Financial Services Association honored three executives during its annual meeting this week. Given AFSA's Distinguished Service Award in recognition of their significant contributions to AFSA and the consumer finance industry were: —Jonathon Levin, president and chief executive officer of Turner Acceptance Corp. —John Noone, principal […] [Read More]

DETROIT — Ally Financial said Thursday that 57 dealers have been selected as nominees for the 2014 TIME Dealer of the Year award, which recognizes the nation's most successful dealers who also demonstrate a long-standing commitment to community service. Now in its 45th year, the TIME Dealer of the Year award is recognized as one […] [Read More]

As Prime Minister Stephen Harper announced the Canadian government had reached a free trade agreement with the European Union late last week, many of Canada’s OEMs and manufacturers were already reacting positively to the move.  The government has said that, upon ratification, the Comprehensive Economic and Trade Agreement will work to ramp up trade and […] [Read More]

Welcome to the first installment of Auto Remarketing’s Digital Intelligence report. In this online series, we’ll explore the increasing presence of mobile devices in car-shopping, multi-screen shopping, car-shopping among Millennials, best digital advertising practices and more.  We begin the series with a look at mobile devices and examine just how popular and important they have […] [Read More]

Prices are expected to continue their seasonal slide in the lanes this week — that is all except for one segment. NADA Used Car Guide predicts that wholesale prices will fall by an average of 0.3 percent, or $50, with luxury cars bucking the trend. As the only segment expected to see a price increase this […] [Read More]

Fueled by across the board gains on the used-vehicle side, Lithia Motors on Wednesday reported the highest quarterly adjusted net income from continuing operations in company history. Lithia also enjoyed a 27-percent year-over-year increase in adjusted net income per share from continuing operations for the third quarter. Executives shared that Lithia’s Q3 adjusted income from […] [Read More]