The leasing market has come roaring back: more leases written, greater penetration rates and even more vehicles flowing back in the used-car market off lease. So what does this mean for the used-vehicle side of your business? To figure this out, Auto Remarketing took five leasing trends highlighted in Manheim’s 2013 Used Car Market Report […] [Read More]

Late last week, Manheim Pennsylvania held its annual Xtreme Spring “100 Grander” sale that not only featured a vast array of highline and other specialty cars, but helped to raise $50,000 for the Wounded Warrior Project. The sale was part of the Manheim Pennsylvania’s highline auction. Included in the lineup were 360 vehicles valued at […] [Read More]

Technology is impacting the auction world in a big way, and KCI Kansas City shared how it is adapting its amenities to help dealers take advantage of growing innovation. The auction recently added photo booths to its auction bays and recondition facility, and it also brought in printed labels for vehicle check-in. Thanks to the […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE Normal 0 false false false EN-US X-NONE X-NONE WASHINGTON, D.C. — Legal experts and industry associations weighed in as the Consumer Financial Protection Bureau released a bulletin Thursday that targeted dealer reserve and potential discriminatory practices. Tom Hudson told SubPrime Auto Finance News that he expected to […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE WASHINGTON, D.C. — As dealer associations reacted swiftly to the Consumer Financial Protection Bureau's latest position on auto financing, organizations representing banking and financial institutions as well as credit unions all saw problems in the guidance, too. American Financial Services Association president and chief executive Chris Stinebert […] [Read More]

OVERLAND PARK, Kan. — NCM Associates announced Thursday it is working collaboratively with automotive dealership technology provider AutoStar Solutions to form exclusive AutoStar 20 Groups for its buy-here, pay-here management software users. To kick off the effort, NCM will host a reception at the Wynn Las Vegas on May 21 for dealers attending the National […] [Read More]

ONTARIO, Calif. — CU Direct recently signed a new partnership agreement with First Associates Loan Servicing for what officials called "a best in class" loan servicing solution for credit unions. As a result of the partnership, the companies highlighted the new solution will cover CU Direct's core automotive lending business, as well as enabling coverage […] [Read More]

The ADESA Canada Used Vehicle Price Index was recently updated through February, reflecting a 0.1-percent month-over-month rise in wholesale prices. ADESA's data — powered by ALG Canada — indicates the index climbed  “slightly after being adjusted for seasonality.” And price movements were “mixed” across the segments this past month. Interestingly, minivans, one of the most […] [Read More]

Though off-lease supply in the U.S. is expected to continue growing this year, Canadian dealers may experience the “pain” of tight used supply for a couple of years longer, says ADESA’s Tom Kontos. [Read More]

Though gas prices continue their slow decline, fuel-efficient segment prices are expected to rise in the lanes this week. NADA Used Car Guide predicts the compact car segment to see the biggest price increase, percentage-wise, with an expected hike of 0.9 percent (or $100). Interestingly, per Energy Information Administration data released this week, the average […] [Read More]