In discussing the retailer’s first-quarter performance during a conference call last week, AutoNation chairman and chief executive officer Mike Jackson continued to be “frank” about how the company’s used-vehicle operation has performed. Listeners were reminded of quarterly calls in 2012, when management stressed the need for used-vehicle improvement. Fresh off the first quarter of 2013, […] [Read More]

Auto Remarketing will soon launch a new special section for our print and digital magazines that is designed to recap the latest news and moves within the auction environment.   When it debuts later this spring, “Auction Roundup” will provide our readers with a comprehensive overview of auction facility openings, renovations, auction executive hires and […] [Read More]

While other segments of the economy might be posting sluggish growth, Manheim’s Tom Webb reiterated his upbeat assessment of where vehicle retailing is going. In Manheim’s Auto Industry Brief for April, the company’s chief economist said, “Fortunately, growth for automotive retailing is both more certain and brighter. Autos have outperformed the overall economy since the […] [Read More]

The 2013 Auto Remarketing Canada conference, presented by CarProof, gets rolling this morning with registration beginning at 8 a.m. (EST) at the Fairmont Royal York in Toronto. With over 500 registered attendees already, more than half of these are dealers. Click here to see the full pre-show attendee list, updated daily. Over the two-day conference, […] [Read More]

American Honda said last week it will recall more than 180,000 units because of an issue with the brake shift interlock system. The campaign covers approximately 128,000 Honda CR-V vehicles and 59,000 Honda Odyssey vehicles from the 2012–2013 model years and 17,500 Acura RDX vehicles from the 2013 model year in the U.S. The recall […] [Read More]

Dealers in the cities named by Cars.com as having the “greenest car shoppers” might want to consider ramping up their more fuel-efficient options. Late last week, the site compiled a list of U.S. cities with the most environmentally-conscious car shoppers. From San Diego to Washington D.C., the list goes coast-to-coast. That said, the study indicated […] [Read More]

McLEAN, Va. — Capital One Auto Finance posted a sequential gain in originations during the first quarter, pushing its total vehicle financing portfolio up by 3 percent. The company reported Q1 originations of $3.78 billion, up from $3.48 billion in the previous quarter. The performance increased Capital One's period-end loans in auto finance by $817 […] [Read More]

CENTENNIAL, Colo. — CU Direct Connect — a credit union service organization that provides a vehicle lending platform and origination funding support to credit unions and dealerships in Colorado — generated double-digit growth in a number of metrics during the first quarter. Through March 31, CU Direct Connect said its funding volume rose 23 percent […] [Read More]

CRYSTAL LAKE, Ill. — Automotive Compliance Consultants recently joined American Financial Services Association in response to moves made by the Consumer Financial Protection Bureau. Automotive Compliance Consultants chief executive officer Terry Dortch explained the firm joined AFSA to engage with its members and committees. Dortch added ACC looks to be at the forefront of an […] [Read More]

DETROIT — Consumers in Detroit and Atlanta will have an opportunity to boost their money smarts this month with the return of Money Smart Week. Ally Financial is hosting 14 financial literacy sessions in Detroit and four sessions in Atlanta to support the Federal Reserve Bank of Chicago's Money Smart Week, which runs through Sunday. […] [Read More]