In a show of support for those affected by Hurricane Sandy, vehicle fleet management firm ARI and its parent company, Holman Automotive Group, made a $50,000 donation to the American Red Cross. The check presentation, made on Dec. 12 at ARI, is meant to aid ongoing efforts to support storm victims as they rebuild.  “So […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE SANTA MONICA, Calif. — When Edmunds.com considered the Top 10 trends expected for 2013, an even higher increase in auto loans to subprime consumers made the list. Senior analyst Jessica Caldwell stated several times during a conference call on Thursday that the subprime market is an area […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE ARLINGTON, Texas — SFG Finance, a purchaser of auto paper from buy-here, pay-here dealers, franchised dealers, finance companies, banks and credit unions, announced two major changes to its business model for 2013. First, officials explained this week that a new scoring model for bulk purchases has been […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE GREENVILLE, S.C. — Regional Management Corp., a diversified specialty consumer finance company, revealed the expansion of its auto lending operations into Georgia today, raising its footprint to eight states. The newest location is a new AutoCredit Source branch in Atlanta. The development comes on the heels of […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE SAN FRANCISCO — Paul Wible, executive vice president of the national finance group at Bank of the West, recently shared his perspective on how the vehicle lending experience changed for buyers during the past 10 years. Wible pinpointed the biggest change as the speed at which banks […] [Read More]

As the holidays wrap up and dealers and industry experts alike turn to face the new year, 2013 kicks off with the inaugural Canadian Automobile Dealers Association’s annual summit. The 2013 summit offers a variety of industry-leading speakers and panelists and is scheduled for Feb. 13 at the Hilton Toronto. “Join us for an in-depth […] [Read More]

It was the best used-vehicle market in five years, according to CNW Research, which said Wednesday afternoon that 2012 full-year used sales reached 40.5 million units. This marked a 4.5-percent year-over-year gain and was the market’s strongest yearly sum since 2007. Franchised dealers commanded close to 37 percent of the used-car market, CNW said, with […] [Read More]

Though he doesn’t expect Avis Budget Group buying Zipcar to have much of any real impact on used-vehicle values — especially on a short-term basis — Black Book’s Ricky Beggs says there’s an interesting remarketing opportunity that can be spun from the transaction. [Read More]

A new year has begun, and predictions for a prosperous year for the country's new- and used-car markets are pouring in. Factors such as increases in available trade-ins and high demand are expected to boost used sales, while numerous redesigns may ramp up the new market. According to a study released from Indian firm Ken […] [Read More]

Along with offering his thoughts on what this year might hold, Black Book’s Ricky Beggs didn’t use the term “normal” to describe the closing of 2012. In his first online video analysis of 2013, Beggs told dealers that “throughout these party-filled holidays and a couple of slightly shortened work weeks, I must tell you that […] [Read More]