WASHINGTON, D.C. — The Federal Reserve reported that interest rates for new-vehicle loans at commercial banks dropped to the lowest point compared to data that goes back to 2007. The rate for these 48-month contracts dropped to 4.13 percent in May. Fed data showed that the latest rate dropped from February's reading of 4.69 percent. […] [Read More]

American Lending Solutions recently expanded its relationship with Nationwide Management Services to include client-custom, door-knock and other debtor field services, building on the success of its agent compliance field inspection program that began on Feb. 1. “Where other companies are just getting their field compliance programs underway, ours is already ahead of the curve,” ALS […] [Read More]

Today, General Motors confirmed to Auto Remarketing the details listed by the National Highway Traffic Safety Administration about a recall of late-model Chevrolet and Buick sedans. The campaign covers 42,904 vehicles, including the Chevrolet Malibu Eco from the 2013 model year and the Buick Regal and LaCrosse from the 2012 and 2013 model years. All […] [Read More]

In addition to reporting that June was the third-strongest certified pre-owned sales month in history — capping off the best quarter ever for the CPO market — Autodata Corp. also found that Ford, Hyundai, Kia and Subaru achieved best-ever sales records during June, as well. Starting with Hyundai, it moved 6,775 units for a 7.5-percent […] [Read More]

Dealertrack Technologies released a couple pieces of news this week, announcing it is participating in the new Dealer Technology Assistance Program (DTAP) for General Motors (GM) dealers, while also revealing an upcoming webinar. As part of the GM DTAP — designed to support to certification of technology and services for use by GM and its […] [Read More]

Dealer.com and Jumpstart Automotive Group on Tuesday announced a new long-term partnership aimed at connecting dealerships with sought-after online auto shopping audiences.   The exclusive agreement leverages Dealer.com’s customer base of local-level automotive dealers (tier 3) and Jumpstart’s automotive audience to create targeted opportunities for dealers to access in-market car shoppers.   Terms of the […] [Read More]

Along with discussing the latest Manheim Used Vehicle Value Index, economist Tom Webb highlighted why he doesn’t expect a significant drop-off in wholesale prices during the second half of the year. Webb indicated the No. 1 reason why he has “made comments that I think the easing might be a little less than people are […] [Read More]

Though overall auction values remain relatively flat, showing small decreases here and there, increasing inventory and new models hitting the market are making waves, says Black Book’s Ricky Beggs. In fact, two segments last week saw price shifts for 50 percent or more of the vehicles within their categories. The midsize pickup segment saw 64 […] [Read More]

On Monday, Kelley Blue Book shared the rankings of the used cars that commanded the most attention on KBB.com during June. Which model was No. 1? It was a familiar leader, the Honda Civic, which once again was the most-researched used vehicle on the site. The Civic was followed by a fellow Honda model in […] [Read More]

Santander Consumer USA is going public. According to documents filed with the Securities and Exchange Commission last week, Santander Consumer USA intends to use the net proceeds received through the $50 million initial public offering for general corporate purposes. [Read More]