For the certified pre-owned market, it truly might be the best of times. With leasing volumes at a record high,  creating inventory for down the road, Autodata Corp. reported on Thursday that monthly CPO sales surpassed 200,000 units for the first time. Analysts tallied up August’s total and found the figure came in at 200,332 […] [Read More]

Autodata Corp. determined the new-vehicle SAAR in August came in at 16.09 million units, marking the first time it climbed to that level since October 2007. Since a top executive at General Motors insisted the high SAAR level is “here to stay,” Auto Remarketing questioned industry analysts to find out what kind of impact that […] [Read More]

Wholesale prices are expected to decline slightly this week with only one segment expected to see any appreciation. NADA Used Car Guide is predicting auction prices to decrease by 0.3 percent or $50 this week. Though this may seem like a mild decline, only one segment is actually expected to see any appreciation this week, […] [Read More]

An aging car normally goes hand-in-hand with frequent service visits, especially when a driver is hoping to maintain the vehicle for years to come, warding off a new-vehicle purchase. And according to survey results released in August by research firm Polk, the average age of all light vehicles is 11.4 years, with the number of […] [Read More]

NADA University, the education and training arm of the National Automobile Dealers Association, revealed Thursday its new NADA-ATD (American Truck Dealers) Academy director.  Chosen for the position is Allen Phibbs, who began his new duties Aug. 30. Phibbs replaces James Schoonover, who has been promoted to senior director of dealership operations for NADA. Phibbs brings […] [Read More]

The growing trend of service learning on college campuses got a recent boost via the support of the Ford Motor Company Fund, which is awarding $225,000 in Ford College Community Challenge grants to nine colleges and universities nationwide. The Ford College Community Challenge, or Ford C3, is a national challenge grant competition that recognizes schools […] [Read More]

WASHINGTON, D.C. — Intensifying its overseeing of credit reports, the Consumer Financial Protection Bureau put operations that supply information to consumer reporting companies on notice earlier this week. The CFPB released a bulletin stressing that under the law these companies — better known in the industry as furnishers — are responsible for investigating consumer disputes […] [Read More]

MINNEAPOLIS — van Wagenen Financial Services recently confirmed participation in the Symitar Vendor Integration Program. Officials highlighted this development will directly benefit lenders managing auto loans on the Symitar core processing system by increasing the efficiency of auto loan payment adjustments. The company insisted the integration coordinates insurance placement and core system technologies to enable […] [Read More]

EDMONTON, Alberta — With the subprime auto financing market as ripe as it has been in years, a Canadian company decided this week to jump into originating contracts in the United States. Edmonton, Alberta-based Carinco Financial Group Inc. revealed it is expanding into the U.S. market with a new acquisition. The company has purchased Massachusetts-based […] [Read More]

ALEXANDRIA, Va. — Continuing a positive trend of fewer consumers walking away from debt, the American Bankruptcy Institute highlighted that total filings in the United States during August decreased 15 percent compared to the previous year. According to data provided by Epiq Systems, August bankruptcy filings totaled 88,902, down from the 104,471 filings registered in […] [Read More]