Normal 0 false false false EN-US X-NONE X-NONE HOUSTON — With the close of another year, most buy-here, pay-here operators will evaluate last year's performance by comparing their financial results with the past. They will base their goals and strategy for the next year by looking at financial and operating metrics like unit sales, gross […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE WASHINGTON, D.C. — The Federal Trade Commission recently completed its systematic review of the Cooling-Off Rule and determined that no changes to the rule are warranted that would have impacted dealers. In making this determination, the National Automobile Dealers Association indicated the FTC rejected several proposed changes […] [Read More]

ALEXANDRIA, Va. — The America Bankruptcy Institute discovered total filings last year dropped by 14 percent compared to 2011's figure. According to data provided by Epiq Systems, last year's bankruptcy figure represented the lowest since the start of the recent recession, coming in at 1,185,328 nationwide for the calendar year. During 2011, the U.S. total […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE ONTARIO, Calif. — CUDL and subsidiary Vero, providers of identity recovery and vehicle aftermarket products and services, announced plans to participate at the National Automobile Dealers Association Convention & Expo for the 10th consecutive year. During the convention, CUDL will be showcasing its growing credit union lending […] [Read More]

The wholesale market finished off 2012 at a stable pace, with little to no changes in prices in the lanes,  NADA Used Car Guide said Thursday. Down by a barely noticeable 0.05 percent, average AuctionNet wholesale prices in December were “essentially unchanged” from November levels as demand for all segments remained strong, NADA UCG officials […] [Read More]

November data compiled by the National Auto Auction Association showed average prices dipped both year-over-year and year-to-date for 2012. NAAA economist Ira Silver determined that November prices softened by 3.0 percent compared to the same month a year earlier. Through the first 11 months of 2012, prices ticked 1.8 percent lower. Moving to a look […] [Read More]

With close to an additional half-million lease returns expected to flow into the market this year, dealers likely will have a healthier dose of used vehicles on their lots, say analysts with Edmunds.com, who believe that the average price of a used car should drop by hundreds of dollars. [Read More]

Subaru of America is summoning a total of 633,842 units in hopes of repairing the 53,999 vehicles that need a remedy to fix an issue with door lights. Company officials clarified to Auto Remarketing on Thursday that Subaru is including such a large number of models because only a portion of the requested vehicles may […] [Read More]

Though many see apps as tools specific to smartphones, AutoTrader.com is exploring another facet of this emerging market. The company said Thursday it has launched a new app for Samsung Smart TVs. "People are increasingly using mobile, consoles, TVs and many other emerging technologies to gather automotive information and make purchase decisions," said Nick Park, […] [Read More]

Group 1 Automotive has expanded its presence in the Kansas City metropolitan area with the purchase of a Kia dealership in Overland Park, Kan. The retailer announced the purchase of Shawnee Mission Kia earlier this week, noting the store will likely bring in an estimated $65 million in revenue each year. This move follows a […] [Read More]