HANOVER, Md. — Compliance has been a buzzword uttered during staff meetings and conference cocktail parties throughout 2013. The NAF Association finalized plans to give lenders tools to make compliance more than just a conversation topic. Created by board leadership and founding sponsor companies, the association rolled out a new industry compliance certification program, mixing […] [Read More]

WASHINGTON, D.C. — Based on interest by members of the vehicle finance division of the American Financial Service Association, the organization formed a new vehicle commercial credit committee last week. The co-chairs of this new committee are: —Mike McConnell, vice president corporate planning, financial products and commercial lending at Nissan Motor Acceptance Corp. —Jerry Bowen, […] [Read More]

Minutes after the latest general session on multi-platform selling at the National Remarketing Conference,  Whann Technology Group and Liquid Motors announced some multi-platform news of their own.   Whann Technology Group revealed a new integration and distribution partnership with Liquid Motors.   Effective immediately, all 125 AWG Simulcast auctions will be able to publish listings […] [Read More]

AutoCanada Inc. reported a successful Q3 last week, seeing a large profit increase and rises in used-car sales. The dealership group announced a profit increase of 61.1 percent. And revenue increased by a whopping 35.1 percent or $104.9 million to $403.5 million. Commenting on the financial results for the three month period ended September 30, […] [Read More]

As prices for used alternative fuel vehicles have plummeted this year, many analysts have attributed some of the drop to a level of consumer caution that still abounds years after the first hybrids hit the market Survey results from AutoTrader.com released today affirm this assertion, showing there are still “significant gaps that need to be […] [Read More]

<p>AR: Tell us about home, where you grew up.</p> <p>Kapusta: I grew up in a suburb of Detroit, Sterling Heights. This is home for me with nearly all of my family living in the area. My mom lives nearby as do my two sisters.</p> <p>I was actually born in the city of Detroit and then […] [Read More]

Dan Kennedy remembers the paper-intensive days of remarketing, when he would bring home invoices on cars GM Remarketing was selling, rail bills and truck bills in order to match up VIN numbers by hand and make sure all payments were square. “I had them spread all over the living room floor and kitchen table,” Kennedy […] [Read More]

As reports came in this week outlining used-car auction price drops last month, the Edmunds.com Q3 Used Market Quarterly Report released Wednesday claims that pre-owned prices have dropped to a four-year low on the lots. As used supply continues to increase, putting downward pressure on used prices, Edmunds.com reported the average used car sold by […] [Read More]

After the NADA November Guidelines report released Tuesday found that wholesale used-vehicle prices for units up to 8 years in age fell by 3.5 percent in October, NADA Used Car Guide predicted that downward wholesale price movement is expected to slow slightly this week. NADA expected auction prices to fall by 0.2 percent or $25. […] [Read More]

Black Book revealed its newest product on Wednesday — a valuation tool the company says allows lenders to analyze vehicle values in real time. Collateral Insight Engine compiles historical, current, and projected vehicle values, and can also analyze collateral performance and create custom views that meet specific lender portfolio needs, the company said. The new […] [Read More]