Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 BANDON, Ore. — Subprime auto loan approvals jumped by at least 40 percent during each of the last four months of 2012, according to data produced by CNW Research. December's year-over-year climb came in at 43.2 percent. In November, the jump in subprime loan approvals was […] [Read More]

SOUTHFIELD, Mich. and CLEARWATER, Fla. — Credit Acceptance Corp. and Nicholas Financial each modified credit arrangements to wrap up 2012 financial activities. At Credit Acceptance, the company extended the date on which its $325.0 million revolving secured warehouse facility will cease to revolve. The date moved from June 17, 2014 to Dec. 27, 2015. Officials […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 SACRAMENTO, Calif. — Buy-here, pay-here dealers in California began 2013 with more state regulations. But reflecting back on what the potential rules might have been, the National Independent Automobile Dealers Association explained how they could have been much more cumbersome. To recap, one new law forces […] [Read More]

When 2012 full-year used-vehicle sales are tallied, the sum is expected to be a five-year high, according to CNW Research. The firm’s Retail Automotive Summary released Friday afternoon said the industry’s final used sales count will likely reach 40.53 million units, which would be a 4.5-percent year-over-year hike. What’s more, this would be the best […] [Read More]

As we approach the holidays, it seems used-car shoppers may have been more focused on Christmas gifts than vehicle shopping. Edmunds.com is estimating December’s used-car sales will amount to 2.71 million, for a seasonally adjusted annualized rate of 29.6 million. This is compared to 2.77 million, or a SAAR of 38.7 million, used-car sales in […] [Read More]

Auto Remarketing and Cherokee Automotive Group would like to wish all our readers a healthy holiday season and a happy New Year.   This issue of Auto Remarketing Today will be the final edition of 2012 before we take a holiday break. Thank you for your interest and support this year, and we look forward […] [Read More]

Pick a financial statement metric — net sales and operating revenues, net earnings, used unit sales, finance arm income — and CarMax posted a double-digit jump year-over-year during the third quarter of its current fiscal year. The company said Thursday that its third-quarter net earnings grew 15 percent to $94.7 million or $0.41 per diluted […] [Read More]

November was a big month for the U.S., with the Northeast recovering from Hurricane Sandy and President Barack Obama being elected for a second term. And although there is still uncertainty for the future, the economy continues to move upward — right along with used-car prices, according to data from RVI Group. In the company’s […] [Read More]

The National Highway Traffic Safety Administration said General Motors is recalling 118,800 midsize trucks because the hood of these units may be missing the secondary latch. The models included in the campaign are the 2010 through 2012 Chevrolet Colorado and GMC Canyon trucks manufactured from Nov. 9, 2009, through Aug. 28. If the primary hood […] [Read More]

Thanks to a new offering from the automaker’s Mopar brand, Chrysler Group dealerships will have factory-connected tablet technology in their service drives that can help them move customers through much quicker. The automaker compared Mopar’s wiADVISOR platform to the check-in service one might find at a high-end hotel, where guest information and preferences would already […] [Read More]