NEW YORK — Despite a slight uptick in loss rates in June, Fitch Ratings insisted U.S. auto loan ABS asset performance continues to be solid with historically low delinquency rates and loss rates at or near record low. Analysts explained there are numerous macro factors that are helping to bolster auto ABS performance. Among them […] [Read More]

CARMEL, Ind. — NextGear Capital announced a new vice president of operations and business development last week. Named to the role was Peter Grupposo, who will head up the company's market portfolio strategies and field operational structure. He will be based at corporate headquarters in Carmel, Ind. Grupposo's most recent post was as a regional […] [Read More]

CNW Research president Art Spinella said “unusual” several times Thursday when discussing July’s used-vehicle sales data with Auto Remarketing. Spinella chose the adjective because he wanted to explain why it was important to emphasize last month’s used sales figure based on month-over-month comparison rather than year-over-year. First, here are the numbers from CNW: Total used […] [Read More]

Hybrid and electric vehicle values are falling faster than any other segment, even though fuel prices remain above $4 per gallon in many states According to Kelley Blue Book’s latest Blue Book Market Report, hybrid and electric vehicle value declined exceeded 3 percent in July, topping the charts for depreciation this past month. Alec Gutierrez, […] [Read More]

Not conducting a recall in a timely manner according to regulators cost another automaker more than $17 million. The National Highway Traffic Safety Administration and Ford reached an agreement regarding the recall of 423,634 Ford Escapes from the 2001 through 2004 model years equipped with 3.0L V6 engines and speed control. According to federal documents, […] [Read More]

Starting in 1791, and with just a few rare exceptions, Congress has disbanded during the dog days of summer to return to their home districts for rest, relaxation, and some good old-fashioned politicking. These district work periods, traditionally held during the month of August, provide legislators with an opportunity to escape from Washington, D.C.’s sweltering […] [Read More]

A longstanding dealership has a brand new home, as the Larry H. Miller Group plans to cut the ribbon on its remodel of an award-winning dealership. Dean Fitzpatrick, president of Larry H. Miller Dealerships, announced this week that a grand opening and ribbon cutting celebration will be held on Aug. 13 for the newly located […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE BANDON, Ore. — The finance office stayed busy in July working up contracts for used vehicles as CNW Research determined 68.9 percent of all used sales last month included financing, a rise of 11.4 percent year-over-year. Of the 4.58 million used sales in July, the number of […] [Read More]

WESTLAKE VILLAGE, Calif. — The J.D. Power 2013 U.S. Dealer Financing Satisfaction Study showed dealer satisfaction increased in all finance provider areas for the second consecutive year. What extended the upward trend? J.D. Power indicated this week that appeal for product offering contributed to increases in satisfaction. Overall dealer satisfaction with prime retail credit lenders […] [Read More]

BENTONVILLE, Ark. — Earlier this week, America's Car-Mart opened its second store in Georgia, the second new dealership launch of its 2014 fiscal year. The 126th dealership in Car-Mart's network of buy-here, pay-here lots is located in Rome, Ga. The Rome dealership will be managed by Chris Griffin. The company's other store in the Peach […] [Read More]