NEW YORK — The S&P/Experian Consumer Credit Default Indices showed the first quarter finished flat for auto loans. According to data through March, the auto loan default rate remained flat at 1.11 percent since February. The reading also stayed even with the mark spotted during the same month a year ago. Analysts from S&P Dow […] [Read More]

LAS VEGAS — As NCM Associates made plans for a special open house between the events, the National Alliance of Buy-Here Pay-Here Dealers said inventory is running out for the special block of rooms for the Dealer Academy and National Conference at the Wynn in Las Vegas. NABD founder Ken Shilson said suites for the […] [Read More]

NEW YORK and SAN FRANCISCO — At the same time Chase Auto Finance reported its first-quarter performance, Wells Fargo highlighted that auto originations hit a new record during the past quarter. Wells Fargo officials said their auto originations totaled $6.8 billion in Q1, up 27 percent from prior quarter and up 10 percent from prior […] [Read More]

PHOENIX — MBSi Capital, the developers of the Re-Pros and iRepo repossession software suites, rolled out a new program that aims to make it easier for repossession companies to become and remain compliant with a variety of new government mandates. The company highlighted the Compliance Made Easy program addresses three key areas — complaint tracking, […] [Read More]

Based on recent AutoTrader.com vehicle scarcity data sent to Auto Remarketing, luxury models might be the most difficult crop of certified pre-owned-worthy units to find for your lot. [Read More]

Ford and Manheim revealed this week the two companies are partnering in an effort to expand dealer opportunities in Canada.   Under the new partnership, Ford of Canada will begin running weekly weekly sales at Manheim Toronto that will be open to all dealers in late May. Dealers will also be able to buy vehicles […] [Read More]

AuctionACCESS said this week that another finance company joined a growing list of industry partners that are now automating floor plan data transmission through the AuctionACCESS system. Floor plan availability from AutoUse now is available to AuctionACCESS subscribing auctions. Officials explained this data can enable auctions to show their dealers updated AutoUse credit availability before […] [Read More]

MBSi Capital, the developers of the Re-Pros and iRepo repossession software suites, rolled out a new program that aims to make it easier for repossession companies to become and remain compliant with a variety of new government mandates. The company highlighted the Compliance Made Easy program addresses three key areas — complaint tracking, recurring training […] [Read More]

As automakers and federal agencies have reported recalls of millions of vehicles worldwide recently, GE Capital Fleet Services today announced what it’s calling a first-of-its-kind agreement with Carfax. The companies plan to develop real-time reporting for fleet managers detailing safety recalls not yet performed on vehicles within their fleets. The companies explained that currently recall […] [Read More]

The North Carolina Automobile Dealers Association on Monday announced an endorsement of its preferred retirement plan administrator. Named for the role is NADART, the retirement plan and benefits division of the National Automobile Dealers Association. In the new venture, NCADA and NADART said they will work together to deliver investment and employee benefit options specifically […] [Read More]