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]

Westlake Financial Services announced a major update to the DealerCenter website, which is operated by Nowcom Corp., Westlake's sister company under the Hankey Investment Group umbrella. DealerCenter is the business portal that houses Westlake's proprietary Buy Program software as part of a full-fledged online DMS solution. [Read More]

CARY, N.C. — Print subscribers should notice SubPrime Auto Finance News having a significantly different look when the first print edition of 2013 arrives. Marking the first large redesign of the print edition since being launched seven years ago, management spent a significant amount of  time considering considering many options to make the publication the […] [Read More]

IRVINE, Calif. — Consumer Portfolio Services this week announced the closing of its fourth term securitization of the year. Officials said the transaction is CPS' seventh senior subordinate securitization since 2011. In the transaction, qualified institutional buyers purchased $160 million of asset-backed notes secured by automobile receivables purchased by CPS. The sold notes, issued by […] [Read More]

OVERLAND PARK, Kan. — NCM Associates hired four new associates to serve its retail automotive clientele, including the franchised and buy-here, pay-here dealer segments. Joining the company as executive conference moderators for the 20 Groups division under Kevin Cunningham are Paul Kechnie, Joe Basil and Gene Daughtry. The company said Steve Hall has joined the […] [Read More]

JACKSONVILLE, Fla. — FIS recently announced that VW Credit will deploy FIS' AutoSuite automotive finance solution for its North American loan and lease processing. Officials also highlighted VW Credit will deploy FIS' Default Manager solution for customer service, collections and remarketing, as well as TouchPoint Sales and Marketer for customer relationship management. FIS said it […] [Read More]