Which vehicle auctions are delivering the highest levels of service? In its annual ranking, Donlen this week announced its 2012 winners for best-in-class vehicle auctions, recognizing its auction partners that have achieved the highest levels of service delivery. Dan Powers, Donlen’s director of remarketing, said, “The partnership we form with the auctions is a vital […] [Read More]

ServNet revealed this week it has made a change to its organizational structure. The auction group announced it is dividing its membership into tactical committees, reported Patty Stanley, ServNet's vice president and owner of two ServNet locations: Carolina Auto Auction and Indiana Auto Auction. And the committees are broken up as follows — each owner […] [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers revealed its preliminary agenda for its Dealer Academy and 15th annual National Conference, including who will give the keynote address. Along with training and timely discussion about credit, compliance, best practices and more, this year's event also is scheduled to include a presentation by Joe Gibbs, […] [Read More]

SCHAUMBURG, Ill. — Experian Automotive reminded lenders and dealers that despite a marginal rise in delinquencies for the first time since 2009, the auto lending market "is extremely healthy." Experian found that 60-day delinquencies rose from 0.72 percent in the fourth quarter of 2011 to 0.74 percent in Q4 of last year. The movement marketed […] [Read More]

WASHINGTON, D.C. — In what the compliance counsel from Dealertrack Technologies cautioned might be coming, an online report earlier this week said the Consumer Financial Protection Bureau has told at least four banks that it may sue them over vehicle loans and interest-rate markups by dealers that appear discriminatory, according to three people familiar with […] [Read More]

MEDFORD, Ore. — Of the finance deals Lithia Motors facilitated during the fourth quarter, 13 percent of those contracts went to subprime buyers: a level company officials said was consistent with a year earlier. But Lithia is looking for more because the absolute number of contracts originated for subprime customers during the fourth quarter increased […] [Read More]

Find out what’s in store for the 2013 Auto Remarketing Canada Conference presented by CarProof. Event organizers have revealed the updated two-day agenda for the event as well as the most recently updated speakers. [Read More]

Auction prices are still slowing inching up – a trend NADA Used Car Guide said it expects to continue through March as spring approaches. Overall, much like last week, NADA anticipates used-vehicle prices will continue to improve by 0.2 percent, or $25, relative to the prior week. "Across segments, expected changes are predominantly positive, with […] [Read More]

Sonic Automotive finished rolling out its Sonic Inventory Management System this month and believes that once the company is fully acclimated to using the centralized inventory management tool, monthly per-store used unit sales can eclipse 100, eventually beating the 150 mark. [Read More]

Late Wednesday, KAR Auction Services reported its fourth-quarter and full-year financial results, performances that included a 27-percent increase in net income. The company arrived at that 2012 net income level thanks to a revenue increase of 4 percent year-over-year. KAR indicated its full-year revenue came in at $1.96 billion, up from the 2011 total of […] [Read More]