HAUPPAUGE, N.Y. – GrooveCar ramped up its efforts to help credit unions secure more auto loans with a new program called GrooveCar Direct. The company described GrooveCar Direct as a program that's "made to order" so credit unions can realize more and better quality auto loans — direct and indirect — while reducing the number […] [Read More]

On Tuesday morning, Auto Remarketing — sharing data provided by CNW Research — reported the metropolitan areas with the highest and lowest used-vehicle transaction prices for franchised dealers in February. But what about independents? In which cities around the U.S. were these dealers fetching the most for their used cars? [Read More]

Receiving some kudos for their community outreach, ARI and Team Holman have been recognized as top fundraisers for autism awareness for the fourth straight year. The Greater Delaware Valley Chapter of Autism Speaks named ARI and Team Holman as the top fundraising team for 2012 in the Southern New Jersey Walk Now for Autism Speaks, […] [Read More]

Secure Collateral Management announced the availability of same-day payment for its network of recovery agencies. SCM said it will begin paying repossession agents all fees on the same day they repossess the vehicle beginning on April 1 with no early payment fee being charged. “I feel it is about time skip companies and forwarders recognize […] [Read More]

ADESA’s February wholesale price data reinforced the projection company analysts made a month earlier. According to ADESA Analytical Services’ monthly analysis of wholesale prices by vehicle model class, used values in February averaged $9,752 — down 2.8 percent compared to January and 1.2 percent relative to February of last year. The company found that the […] [Read More]

Though low used supply has pushed pre-owned prices up in the past couple of years, there are still deals out there — a fact Consumer Reports brought to the front of  buyers’ minds today.  In an effort to help Americans choose the best used car for their money, Consumer Reports compiled a Best & Worst […] [Read More]

In describing the used-car shopper’s ongoing appetite for full-size crossovers and hybrid cars in the latest Hot Used-Car Report from Kelley Blue Book, Arthur Henry used the phrase “overwhelming affinity.” In fact, KBB’s manager of market intelligence and market analyst said full-size crossover share climbed 34.7 percent month-over-month in February, while hybrid car share was […] [Read More]

A dealership group headquartered in Florida is taking an active role in helping to prepare the next generation of automotive service experts. Crown Automotive Group has announced its partnership with Northeast High School’s Automotive Academy to offer students a real-world look at dealership service departments in action. All this week, students are getting the opportunity […] [Read More]

Based on data Edmunds.com gave Auto Remarketing sister publication SubPrime Auto Finance News, there was a 363-basis-point differential between the state with the highest average APR and lowest for all transactions by franchised dealers reported to the site in February. Pacing the nation for this metric was Louisiana with an average APR of 6.19 percent […] [Read More]

Franchised dealers in one Florida market far and away posted the highest used-vehicle transaction prices last month. According to CNW Research data shared with Auto Remarketing on Monday, used transaction prices at franchised dealerships in West Palm Beach, Fla., and Fort Pierce, Fla., averaged $22,042 in February. Coming next at more than $5,000 less were […] [Read More]