Organizers of the 2013 Auto Remarketing Canada Conference, presented by CarProof, recently announced four key areas of focus that will be spotlighted during the three-day event this April in Toronto. They have also released some preliminary details about the speakers who will be touching on these subjects. [Read More]

Annual used-car sales just hit their best levels in five years, but it appears the bar has been set even higher for 2013.   Fresh off what CNW Research said was the strongest annual used-car sales total since 2007, nearly three quarters of dealers surveyed by Chase Auto Finance believe their respective store’s pre-owned sales […] [Read More]

The latest data from the National Auto Auction Association pointed toward growing volume coming down the lanes. In December, volume at member auctions rose by 9.8 percent year-over-year, finishing 2012 with a year-to-date level that was 0.5 percent higher. In terms of prices, NAAA found that December prices came in 0.4 percent higher than the […] [Read More]

What SUVs and crossovers should dealers keep a particularly good eye on when closing up for the day?  The National Insurance Crime Bureau released a new report Tuesday that examines thefts of SUVs and CUVs stolen between Jan. 1, 2008, and June 30, 2012, which shows 19,961 SUVs/CUVs were reported stolen during the period. The […] [Read More]

Along with details about a special social network tailored just for dealers, the National Automobile Dealers Association launched an enhanced and enriched version of NADA University Online with new and expanded features designed to custom-tailor the user experience. With an all-new look and feel, officials highlighted the new NADA University site can provide dealership users […] [Read More]

From logos to video clips, dealers have new advertising resources available to them via a just-launched Carfax site. This week, Carfax announced the launch of its new website designed to assist dealers, through their advertising, in building confidence with potential car buyers by leveraging the Carfax brand. The company said more than eight out of […] [Read More]

Hyundai Motor America president and chief executive officer John Krafcik says the company is "satisfied" with the size of its dealer body, and instead of growth, Hyundai has decided to focus more heavily on two other key areas with its dealers. As he prepares to deliver an industry keynote at the NADA Convention & Expo […] [Read More]

FORT LAUDERDALE, Fla. — In what was a solid all-around year for AutoNation, the F&I department at its dealerships were humming along at an impressive clip, as well. The retailer has continued to boast strong F&I operations thanks largely to "better execution" and the value-centric process AutoNation has put into place when it comes to […] [Read More]

NEW YORK — Fitch Ratings' newest U.S. auto ABS index indicated subprime loans are showing more weakness of late while performance for U.S. prime auto ABS is still on solid footing. Analysts said auto loan ABS produced the strongest performance on record last year. Fitch noted annualized net losses on prime auto loan ABS are […] [Read More]

CHERRY HILL, N.J. — Subprime lender Pelican Auto Finance recently received an initial equity investment from funds affiliated with private equity firm Flexpoint Ford. Officials said Flexpoint Ford also has been granted the option to invest up to $50 million in the aggregate in Pelican.  As an indirect, deep subprime automotive lender, Pelican provides auto […] [Read More]