In March, Volkswagen wrapped up its best-ever first-quarter performance in the certified pre-owned market with its strongest month of all-time. Hyundai also celebrated its best month ever, moving 6,715 CPO units. UPDATE: Mazda achieved its best CPO month ever, as well, moving 3,390 units for close to a 56-percent year-over-year improvement. This pushed year-to-date sales […] [Read More]

With the arrival of April and the warmer weather that comes with it, it is time to take a look back at the first quarter of 2013. The beginning of the new year brought some new developments within the auction lanes. Black Book’s Ricky Beggs offers up some of the industry’s “biggest surprises” in wholesale […] [Read More]

We use them to set appointments at the doctor’s office or the mechanic, while simultaneously searching for everything from recipes to reviews; not to mention the constant thumb-swipe shopping, “iTuning” and “Facebooking.” The smartphone: often described as the Swiss Army knife of the modern world. [Read More]

CNW Research’s used-vehicle sales projection came to fruition as analysts determined the industry produced its best March since 2002 — thanks in part to activity associated with older vehicles and younger buyers. Used sales surpassed 3 million in March, creating an 11-percent year-over-year lift. The total came in at just above 3 million, up from […] [Read More]

Dealertrack Technologies announced this week that the company has completed its acquisition of Casey & Casey NPS, which does business as Auto Title Express. In a move first revealed on Feb. 25, the company recapped that this acquisition gives Dealertrack what company officials indicated is Louisiana’s first electronic public license tag agency and the largest […] [Read More]

Automotive technology firm PureCars has announced the name of its new director of recruiting. Reporting high growth over the past quarter which is expected to continue — resulting in a need for new hires — PureCars has announced Katerina White for the position.  “White has proven herself an extraordinary recruiter,” said David Dingee, director of national […] [Read More]

WASHINGTON, D.C. — While bank card delinquencies fell to levels not seen since the third quarter of 1994, the American Bankers Association's latest Consumer Credit Delinquency Bulletin showed mixed movements in the auto finance space. ABA found that fourth quarter delinquencies connected with indirect auto loans — contracts originated at dealerships — fell from 2.08 […] [Read More]

DETROIT and FORT WORTH, Texas — General Motors Financial announced this week that it has completed the acquisition of equity interests in the top-level holding companies that comprise substantially all of Ally Financial's auto finance and financial services business in Europe and Latin America. Officials said the purchase includes operations in Germany, United Kingdom, Italy, […] [Read More]

IRVINE, Calif. — CarFinance Capital renewed and increased its warehouse credit facility this week from $200 to $300 million. Officials highlighted the increased credit line — which is being provided by Deutsche Bank and Credit Suisse — further bolsters the company's ongoing mission of helping the growing population of credit-challenged buyers, CarFinance believes subprime purchasers […] [Read More]

LOUISVILLE, Ky. — Peritus Portfolio Services recently signed a multi-year agreement to offer SteadyPay Payment Solutions services to its customers who often purchase vehicles at buy-here, pay-here dealerships. Officials explained SteadyPay offers automatic bill payment via payroll deduction. Peritus' customers can accumulate funds over time through payroll deductions, ensuring that money is available when a […] [Read More]