BENTONVILLE, Ark., and EDINA, Minn. — Buy-here, pay-here dealership chains America's Car-Mart and CarHop recently made a series of additions to their store networks. By bringing on the 121st dealership into its portfolio, Car-Mart expanded its footprint in Missouri by rolling out a lot in Harrisonville. The store is the company's 16th location in Missouri […] [Read More]

MINNEAPOLIS — van Wagenen Financial Services recently formed a pair of alliances to enhance its loan servicing software with insurance tracking and placement services. First, van Wagenen formed a strategic marketing agreement with Nortridge Software, a Lake Forest, Calif.-based company that provides lenders and loan servicers with the automation needed to more profitably originate, service, […] [Read More]

Several industry awards were handed out Thursday at the NAAA/CAR event in Las Vegas, including the Consignor of the Year, Remarketer of the Year, and more. During the Industry Awards Ceremony, the Consignor of the Year award went to Bob Graham, vice president of vehicle remarketing at ARI.  Meanwhile, Remarketer of the Year honors went […] [Read More]

The CarMark Certified Pre-Owned program has announced the addition of two new dealers: Powers-Swain Chevrolet in Fayetteville, N.C., and Regan Ford in Haverhill, Mass. Operated by the Pre-Owned Automobile Dealers Alliance (POADA), CarMark Certified Pre-Owned provides inspections, vehicle history reports, warranties, roadside assistance and other great benefits across a wide spectrum of makes and models. [Read More]

A slew of auctions have received kudos, as several leading companies in the remarketing industry have unveiled their annual awards for top-notch locations. So, which auctions found the spotlight? Starting with LeasePlan USA, winning its Overall Auction of the Year award was ADESA Golden Gate, a repeat winner. The Regional Award Winners from LeasePlan were […] [Read More]

On Thursday, vAuto released the next generation mobile application for its Provision Suite of inventory management tools, which include appraising and pricing solutions. The application is available for download through Apple’s iTunes App Store (under “Provision”) for use on iPhones (3GS and above running iOS 5 or higher) and iPads. The suite is aimed at […] [Read More]

While Subaru is recalling more than 47,000 units, Ford is rolling out a campaign to recall 230,000 vehicles in Canada and predominantly from cold weather states in the U.S. Blue Oval officials on Thursday said they are recalling 2004 through 2007 Ford Freestar and Mercury Monterey vehicles with a third row fold flat seat. The […] [Read More]

The American Financial Services Association submitted a letter to the New Mexico attorney general’s office Thursday outlining concerns about a proposed rule that imposes what the organization believes are “unnecessary and burdensome” inspection requirements regarding the age and condition of a vehicle. These requirements could fall on finance companies involved in wholesale remarketing activities as […] [Read More]

An offering at DAA Northwest’s 20th Anniversary Fundraiser Auction this past November led to the development of a new promotional event, auction officials say. At the fundraiser last fall, the auction offered an item new to the lanes: An Evening with the Cronkites, a musical act whose members include DAA’s vice president Greg Mahugh and […] [Read More]

SANTA MONICA, Calif. — Based on data Edmunds.com gave SubPrime Auto Finance News, there was a 363 basis point differential between the state with the highest average APR and lowest for all transactions by franchised dealers reported to the site in February. Pacing the nation for this metric was Louisiana with an average APR of […] [Read More]