Chrysler has announced a recall of certain Jeep models – but the group of vehicles involved might not be what first comes to mind, given this week’s earlier news involving the the automaker and the National Highway Traffic Safety Administration. The automaker said Thursday it is recalling around 435,000 later-model units in the U.S. in […] [Read More]

As Experian Automotive noted earlier this week in its State of the Automotive Finance Market, lease penetration levels are at historic highs. Shortly after this report came out, Swapalease.com dove into an analysis detailing what consumers have been paying lately for these cars.  The site released a list of the average monthly payments on the […] [Read More]

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PHILADELPHIA — VINtek, a provider of collateral management services, electronic lien and title (ELT) services and direct finance processing for automotive lenders, has been selected by Deere Employees Credit Union as its provider of automotive collateral management services, including ELT.    The company highlighted that Moline, Ill.-based Deere Employees Credit Union, with more than $550 million […] [Read More]

LAKE FOREST, Calif. — National Creditors Connection recently formalized a strategic alliance with Del Mar Recovery Solutions to perform repossession agent on-site inspections. In this strategic alliance, officials explained NCCI will assume on-site inspection responsibilities of repossession lots for Del Mar's network of more than 450 repossession agents.  Del Mar Recovery Solutions specializes in national […] [Read More]

FORT WORTH, Texas — Responses to more than a dozen questions delivered in advance to an assistant director of the Consumer Financial Protection Bureau had to be approved by many officials from the new regulatory agency. During the keynote session of the NAF Association's 17th annual Non-Prime Auto Financing Conference, Rick Hackett insisted, "the message […] [Read More]

Quorum Information Technologies Inc. reported this week it will be partnering with sales and desking software company EasyDeal. Quorum’s DMS XSELLERATOR will now feature two-way integration with EasyDeal. The two will be connected in that data feeds will keep EasyDeal up to date with XSELLERATOR customer and vehicle information, and deals desked in EasyDeal can […] [Read More]

Two automakers notched their best certified pre-owned sales month ever in Canada, one managed a year-over-year increase of more than 30 percent, while year-to-date totals soared for many. These are just a few high points of the Canadian CPO sales results rolling in for May. [Read More]

Certified pre-owned sales in May represented the second-strongest month in the history of the CPO market, and beat year-ago figures by more than 19 percent, according to Autodata Corp. The firm released numbers late Wednesday afternoon, indicating there were 187,044 certified sales in May, which marked a 19.2-percent hike from May 2012. Dealers have now […] [Read More]

Though wholesale prices are expected to continue falling this week, once again, the large pickup segment is telling a different story. According to NADA Used Car Guide, large pickup prices are expected to rise by .4 percent, or $75. This is compared to the expected industry average decline of .2 percent, or $25, relative to […] [Read More]