It was another record month for the certified pre-owned business, which appears to be headed toward heights never reached before, according to Autodata Corp. Last month was the strongest November ever, with certified sales totaling 147,860 units, the firm said. This continues a string of records in the CPO market, including the best October ever […] [Read More]

For the second quarter in a row, Mercedes-Benz Financial posted a year-over-year new-vehicle leasing market share gain of more than 80 percent. According to Experian Automotive’s Q3 State of the Automotive Finance Market Analysis, the German luxury brand’s slice of the leasing market came in at 6.0 percent, an 87.86-percent improvement above the captive’s share […] [Read More]

Given the vehicle damage or complete destruction brougt on by Hurricane Sandy, hundreds of thousands of people looking to replace their rides. It was believed that used-car demand would rise given the storm’s destructive path, and according to Black Book, that very trend has already surfaced and impacted the wholesale side of things. The firm […] [Read More]

It is crucial to know exactly what customers are looking for when they are searching the lots and priorities range from dependability and speed to image and technology, to name a few. But according to a recent CarMax survey, the most important element for buyers to consider remains "quality," for the third year running. In […] [Read More]

The 2012 DuPont Automotive Color Popularity Report is in, and it seems dealers may want to stock lots of white vehicles, but cut back on the silver ones. The DuPont report, released this week, has found that for the second consecutive year, white/white pearl dominates customers’ auto color choice, representing 23 percent of the global […] [Read More]

The National Highway Traffic Administration said BMW of North America is recalling 29,800 units to correct an issue with an engine belt idler. BMW is bringing in certain model year 2009 through 2012 X5 xDrive 35d SAV diesel vehicles manufactured from Sept. 1, 2008, to Nov. 15. NHTSA indicated the engine belt idler pulley bolt […] [Read More]

TrueCar partnered with AAA Carolinas Thursday not only to help vehicle buyers in North and South Carolina, but also to increase the site’s possible connection to 50 percent of the entire organization’s membership nationwide. The newest deal means TrueCar will be powering AAA Carolina’s online auto buying program with a more comprehensive service that provides […] [Read More]

HANOVER, Md. — The National Automotive Finance Association is looking to help leadership at small- to medium-sized auto finance companies navigate the changing regulatory landscape in light of the Consumer Financial Protection Bureau coming into play. The NAF Association is hosting a roundtable for chief executive officers, presidents and compliance executives of member finance companies […] [Read More]

SCHAUMBURG, Ill. — Fueled by its stranglehold on the top spot among used-vehicle lenders, Wells Fargo rose to be No. 1 in market share among all auto finance companies for the first time this year, according to Experian Automotive's Q3 State of the Automotive Finance Market Analysis. Wells Fargo surged past Ally Financial, grabbing 5.90 […] [Read More]

WASHINGTON, D.C. — With auto lenders, service providers and dealers being potential targets, the Department of Justice and the Consumer Financial Protection Bureau signed an agreement Thursday to strengthen coordination on fair lending enforcement and avoid duplication of their respective federal law enforcement efforts. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, officials […] [Read More]