FARMINGTON HILLS, Mich. — RouteOne rolled out additional enhancements to its free app for Windows Phone this week. The new enhancements include the ability to forward "sent" applications to a new finance source, securely text message with supporting finance sources, get payoff quotes, capture leads into the Lead Manager, view eContracting statuses on the Deal […] [Read More]

ALEXANDRIA, Va. — Stemming from what observers noted as three post-recession factors sparking the declines, the American Bankruptcy Institute said total U.S. bankruptcy filings decreased 21 percent in February compared to the same month last year. According to data provided by Epiq Systems, bankruptcy filings totaled 82,285 in February, down from last February's total of […] [Read More]

After numerous automakers in Canada, such as Volvo and Audi, reported double-digit certified pre-owned sales jumps for the first month of year, records once again are rolling in as February's Canadian CPO sales results hit the presses. And one program achieved a new record for year-to-date sales this past month. Audi of Canada sold a […] [Read More]

Here’s a ratio that should make used-car managers smile about finding potential certified pre-owned inventory down the road. Experian Automotive said nearly one of every four new vehicles that left franchised dealer lots during the fourth quarter had a lease contract. To be exact, the leasing share of new-vehicle financing in Q4 increased to 24.79 […] [Read More]

Spring is quickly approaching, and the auction lanes are beginning to show seasonal lifts in prices, according to NADA Used Car Guide. At the industry level, wholesale prices are expected to experience a “subtle” gain this week. Specifically, they are projected to rise by 0.3 percent, or $50, NADA UCG reported. [Read More]

Time is almost up! Tomorrow is the last day to nominate exceptional female colleagues and leading ladies in the industry for the Women in Remarketing Class of 2013. Don’t miss the chance to honor these deserving women. The April 15-30 print edition of Auto Remarketing will contain a special section designed to recognize the women […] [Read More]

In the Beige Book report released Wednesday by the Federal Reserve, dealers in a few of the 12 districts talked about how the used-car market was faring in their respective areas during the early part of this year. What did these dealers have to say? Starting with the Fourth District (Cleveland), the Fed pointed out […] [Read More]

According to a new report developed by Black Book and Fitch Ratings, vehicles are likely to depreciate at a greater degree this year, though not enough to present any major obstacles to U.S. auto loan and lease ABS. Black Book said Wednesday that vehicle depreciation rates averaged just below 13 percent in 2012, a level […] [Read More]

“Dale, I’m starting to see my average days in inventory creep up. I had a strong January and decent February, so I’m a little surprised. What are you hearing from other dealers that might be causing this problem?” I asked the Chevrolet dealer in Michigan who posed this question to be more specific about the […] [Read More]

Following a successful fundraiser for United Way last December, Chrysler dealers will now repeat the sales promotion efforts with the goal of doubling donations. This week, Chrysler Group announced that the company and its 42 Detroit metro dealerships will re-launch a fundraising initiative for United Way for Southeastern Michigan during the month of March, after […] [Read More]