As wholesale prices for luxury models softened in December, consumer shopping activity for these units strengthened. Six of the top seven used-vehicle segments and the three leading individual models highlighted in the December Hot Car Report from Kelley Blue Book all came within the luxury category. Premium sports cars paced KBB’s report as December shopping […] [Read More]

With consumers coming to expect a certain level of in-car technology, ranging from mobile offerings to satellite radio, it is becoming more and more important for used and new dealers to promote vehicle accessory sales. And one Toyota dealership serving the metro Boston region has focused on this profit avenue, in particular. According to accessory […] [Read More]

Louisiana’s 1st Choice Auto Auction is adding a festival flair to its Rockin’ Mardi Gras Party and Sale. Combining the sights sounds and tastes of Mardi Gras with more than 900 vehicles in the sale, LAFCAA expects customers from far and wide to join management for the celebration on Feb. 4 and Feb. 5 to […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — The prospectus connected with a $1.25 billion offering of automobile receivables-backed securities Santander Consumer USA rolled out earlier this month showed contracts involving Dodge vehicles constituted the highest percentages of receivables and outstanding principal balances within the deal. Future regulatory filings might outline an […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE WILMINGTON, Del. — Results from a recent survey showed it might be the woman in the family who can best assess if auto loan terms, especially the monthly payment, can fit into the household budget. Findings from a poll commissioned by Working Mother and Chase Card Services […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE HOUSTON — Auto Financial Group, an online provider of residual-based financing products for credit unions and banks, recently reported continued strong momentum for its DrivingSense balloon auto loan program by signing a dozen new institutions. The latest additions include Amplify Credit Union, APEX Community FCU, Citadel FCU, […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE BROOKFIELD, Wis. — Fiserv announced earlier this week that it has acquired Open Solutions, a provider of collaborative, enterprise core account processing technology for financial institutions. Officials said the purchase price was $55 million, and Fiserv assumed approximately $960 million of debt. In conjunction with the acquisition, […] [Read More]

Returning to Toronto April 22–24, Auto Remarketing Canada presents its sixth Canadian pre-owned industry conference. Auto Remarketing Canada 2013, presented by CarProof, will bring you the information, tools and contacts for sourcing the inventory you need to fill your lot as well as tips on how to attract and retain customers, finance those customers, navigate […] [Read More]

Perhaps this whole used-car scarcity situation is on its way out.   Or at least improving significantly. Kelley Blue Book said in a recent report that auction volume climbed nearly 1 percent year-over-year last quarter and should remain ahead of 2012 levels. What’s more, off-lease supply moving into the auctions should increase dramatically over the […] [Read More]

As Edmunds.com discussed the potential benefits of “lease pull-ahead” offers, Fitch Ratings believes new-model leasing is poised to benefit from another generally healthy used-vehicle market this year, extending some gains realized as a result of robust residual values for leased cars and trucks seen during the last three years. Fitch expects lessors to continue to […] [Read More]