Normal 0 false false false EN-US X-NONE X-NONE Normal 0 false false false EN-US X-NONE X-NONE WASHINGTON, D.C. — Legal experts and industry associations weighed in as the Consumer Financial Protection Bureau released a bulletin Thursday that targeted dealer reserve and potential discriminatory practices. Tom Hudson told SubPrime Auto Finance News that he expected to […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE WASHINGTON, D.C. — As dealer associations reacted swiftly to the Consumer Financial Protection Bureau's latest position on auto financing, organizations representing banking and financial institutions as well as credit unions all saw problems in the guidance, too. American Financial Services Association president and chief executive Chris Stinebert […] [Read More]

OVERLAND PARK, Kan. — NCM Associates announced Thursday it is working collaboratively with automotive dealership technology provider AutoStar Solutions to form exclusive AutoStar 20 Groups for its buy-here, pay-here management software users. To kick off the effort, NCM will host a reception at the Wynn Las Vegas on May 21 for dealers attending the National […] [Read More]

ONTARIO, Calif. — CU Direct recently signed a new partnership agreement with First Associates Loan Servicing for what officials called "a best in class" loan servicing solution for credit unions. As a result of the partnership, the companies highlighted the new solution will cover CU Direct's core automotive lending business, as well as enabling coverage […] [Read More]

The ADESA Canada Used Vehicle Price Index was recently updated through February, reflecting a 0.1-percent month-over-month rise in wholesale prices. ADESA's data — powered by ALG Canada — indicates the index climbed  “slightly after being adjusted for seasonality.” And price movements were “mixed” across the segments this past month. Interestingly, minivans, one of the most […] [Read More]

Though off-lease supply in the U.S. is expected to continue growing this year, Canadian dealers may experience the “pain” of tight used supply for a couple of years longer, says ADESA’s Tom Kontos. [Read More]

Though gas prices continue their slow decline, fuel-efficient segment prices are expected to rise in the lanes this week. NADA Used Car Guide predicts the compact car segment to see the biggest price increase, percentage-wise, with an expected hike of 0.9 percent (or $100). Interestingly, per Energy Information Administration data released this week, the average […] [Read More]

The Big 3 brands are making greater in-roads with today’s younger buyers, thanks largely to their fresh crop of smaller, fuel-friendly and more affordable cars of recent years. Yet still, they are not the ones benefitting the most from the bevy of Japanese car-brand defectors in the age 25-to-34 crowd, according to Edmunds.com. On Wednesday, […] [Read More]

Choosing from within its ranks, Black Book announced that it has chosen a new senior vice president and editorial director. Tapped for the position is Ricky Beggs. Many in the industry are familiar with this particular exec from his weekly Beggs on the Used Car Market video reports, the latest of which Auto Remarketing reported […] [Read More]

Ally Financial recently recognized its top performing auctions for 2012 with the SmartLane Auction of the Year Award and the SmartAuction Mid-Stream Auto Auction of the Year Award. Taking top honors for its SmartLane performance was ABC St. Louis Auto Auction. Ally Servicing Remarketing leader Robert Stahl said ABC St. Louis has become a valued […] [Read More]