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]

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]