Safelite Solutions has named its new national account manager of auctions from within the company, tapping a longtime leader in auction operations. Announced this week for the position is the promotion of Eric Ramsdell, who has worked for Safelite for more than a decade. Ramsdell began his career here in the company’s contact centers, then […] [Read More]

NEW YORK — Despite marginal deterioration in January, the auto loan portion of the S&P/Experian Consumer Credit Default Indices showed levels still better than a year ago. S&P and Experian reported Tuesday that auto loan default rates increased in January to 1.10 percent, up from the December level of 1.09 percent. However, the latest reading […] [Read More]

NEW YORK — On Tuesday Chase Auto Finance announced the renewal of its private label auto finance agreement with Jaguar Land Rover North America. Officials indicated the deal lasts for an additional five years. Demonstrating a strong business relationship, Chase Auto Finance highlighted the new agreement was reached nearly a year before the initial agreement […] [Read More]

NAPA, Calif. — Service contract provider AUL Corp. recently partnered with AAA Mid-Atlantic as the administrator of its new-vehicle service contract program also known as AAA Vehicle Protection Plan or VPP. Officials explained this relationship was designed to enhance AAA membership by combining the exclusive AAA roadside assistance experience with the added mechanical breakdown protection […] [Read More]

HANOVER, Md. — Along with more details about its annual conference this spring, the National Vehicle Leasing Association recently announced the appointment of its new accounting counsel. Tapped for the role is Mike North, who is a director with the accounting firm of Katz, Sapper & Miller. North supervises audits, reviews financial statements and prepares […] [Read More]

The National Highway Traffic Safety Administration said BMW North America is recalling more than a half-million vehicles in two separate campaigns. The vast majority — 504,545 vehicles to be exact — is associated with a recall stemming from the electric system. In this campaign, BMW is recalling: —2008-2012 1-Series coupes and convertibles manufactured December 2007 […] [Read More]

Asbury Automotive Group announced today its fourth quarter results from 2012, as well as full-year numbers. Used vehicles were ramping up the dealer group’s revenue as 2012 wrapped up, with used-vehicle retail revenue rising by 5 percent during the last quarter.  For Q4 2012, used-vehicle retail revenue came in at $269.3 million, up from $255.3 […] [Read More]

In all my teachings, I have consistently placed great importance on a skip-tracer’s understanding of human nature, and how it applies to the subject’s daily activities. Using this knowledge to profile the skip allows the subject to be placed in one of the three types of skips categories, which is a profiling-process that I have […] [Read More]

The used-car department played a critical role in Group 1’s full-year performance as officials said today that 2012 proved to be the year the company posted increases in all operating segments and new all-time records in total gross profit and revenue. Group 1 turned 21.1 percent more used models a year ago, retailing 85,366 units. […] [Read More]

During the first month of the year, it seemed truck supply on the lots was back up to normal levels, while luxury vehicles may have proved elusive for dealers and buyers, alike. According to the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com, the scarcity we saw with […] [Read More]