The ADESA Canada Used Vehicle Price Index powered by ALG Canada has been updated through October, and it shows wholesale prices have recently seen one of the biggest drops this year. With all segments experiencing negative price movement, the index shows that wholesale prices fell on average by 0.5 percent month-over-month in October. As winter […] [Read More]

Last week, ARI appointed three of its leaders to serve as executive vice presidents and join a new executive committee that will head up the ongoing development and execution of its strategic plan. Named executive vice president of global operations is Chris Conroy, and appointed to the role of executive vice president of fleet management […] [Read More]

According to CNW Research’s latest analysis, days’ supply of used vehicles and pent-up consumer demand for used models are rising in tandem. Those pent-up demand trends appear to be particularly good news for dealers since CNW president Art Spinella said “the dam is breaking.” The firm reported in latest Retail Automotive Summary that the average […] [Read More]

Interestingly, this past holiday week, wholesale price declines were expected to come to a halt. According to NADA Used Car Guide predictions provided last week, wholesale price movement was expected to “stagnant” over the course of the current week as NADA expected overall prices to remain unchanged versus the two-week average. And a few segments […] [Read More]

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]