CHICAGO — 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 […] [Read More]

WESTERVILLE, Ohio — National Auto Care Corp., an administrator of vehicle service contract programs, said this week its merger with Family First Dealer Services, a company whose core focus is on providing unique F&I product offerings, has been completed. As announced earlier this month in SubPrime Auto Finance News, NAC was selected to be the […] [Read More]

CARLSBAD, Calif. — Del Mar Recovery Solutions recently chose RISC Vendor Compliance Reporting (VCR) database management software to monitor and maintain its third-party vendor compliance. By choosing RISC VCR software, Del Mar Recovery Solutions explained that it now can efficiently manage its repossession agent network in order to maintain the industry's highest compliance standard. Del […] [Read More]

ALEXANDRIA, Va. — With Thanksgiving a day away, I thought now might be an appropriate time to count my blessings. We auto dealers have so much to be thankful for. No. 1 and No. 2 on my list (bolded AND starred) are my family and employees. It is their energy, support, and hard work that […] [Read More]

You’ll get a range of responses when you ask dealers how much time it takes to recondition used vehicles. The best-performing dealers these days consistently get the job done in 24 hours or less. Meanwhile, other dealers report their reconditioning turnaround times run seven days or more. The disparity owes to two chief factors — […] [Read More]

National Auto Care Corp., an administrator of vehicle service contract programs, said today its merger with Family First Dealer Services, a company whose core focus is on providing unique F&I product offerings, has been completed. As announced earlier this month in Auto Remarketing, NAC was selected to be the administrator of CarMark Certified, a warranty […] [Read More]

Continuing with his recent theme of leveraging holiday trends to move metal, Paul Potratz asked dealers if they’re marketing to people as things are happening in their lives, especially with Thanksgiving coming later this week. The chief operating officer and founder of Potratz Partners Advertising gave an example of how people likely will be traveling […] [Read More]

Del Mar Recovery Solutions recently chose RISC Vendor Compliance Reporting (VCR) database management software to monitor and maintain its third-party vendor compliance.  By choosing RISC VCR software, Del Mar Recovery Solutions explained that it now can efficiently manage its repossession agent network in order to maintain the industry’s highest compliance standard. Del Mar’s agent partners […] [Read More]

The latest models of popular pickup trucks are already at work in Texas dealerships, serving as drop spots for a holiday toy drive. Gunn Automotive Group announced this week that its dealerships have teamed up with Toys for Tots to spread cheer to children across the San Antonio area. All six stores — Gunn Acura, […] [Read More]

As part of what the company called its continuing focus to develop products that drive business results for customers, Manheim selected a new vice president of product development on Monday.   Taking on this role is Bonnie Hensler. Hensler replaces Joe George, who became senior vice president and chief strategy officer for Manheim and the AutoTrader […] [Read More]