WASHINGTON, D.C. — The American Bankers Association's Consumer Credit Delinquency Bulletin showed mixed movements in connection with second-quarter auto loan activity. ABA determined second-quarter delinquencies associated with direct auto loans — contracts arranged directly through a commercial bank — actually rose from 0.86 percent to 0.92 percent year-over-year. Meanwhile, the association found that second-quarter delinquencies […] [Read More]

HOUSTON — Dealers and finance professionals interested in gaining more guidance about being successful in the buy-here, pay-here industry now can register for a day pass if they cannot attend the entire East Coast NABD BHPH Conference. The National Alliance of Buy-Here Pay-Here Dealers explained that the cost to attend the first or last day […] [Read More]

LAKE SUCCESS, N.Y., and FARMINGTON HILLS, Mich. — DealerTrack Holdings and RouteOne today announced that they have settled patent infringement litigation that DealerTrack commenced against RouteOne in 2004.  Under the terms of the settlement, DealerTrack and RouteOne will file a stipulation of dismissal today with Judge Andrew Guilford of the U.S. District Court for the […] [Read More]

ALEXANDRIA, Va. — The American Bankruptcy Institute spotted a 14-percent decrease in total bankruptcies through the first nine months of the year as compared to the same span a year ago. Citing data from Epiq Systems, ABI indicated total bankruptcy filings came in at 921,219 nationwide during the first nine months of the year. Through […] [Read More]

The National Auto Auction Association has honored two industry veterans for their accomplishments and service, presenting one with the Industry Pioneer Award and the other with the 2012 Bernie Hart Memorial Auctioneer Award. The award presentations were made this week during the NAAA’s 64th annual conference held in Orlando. Recognized with the NAAA’s Industry Pioneer […] [Read More]

While touching on several elements of the nation’s economic standing, ALG took a deeper look at Canada’s housing market because the firm strongly believes home price growth can have a significant impact on residual values. In fact, ALG determined a change in housing prices over a 48-month term can contribute a 0.2-percent rise in average […] [Read More]

Ontario residents will soon be seeing a new advertising campaign highlighting the dangers and consequences of distracted driving, thanks to the joint efforts of the Trillium Automobile Dealers Association and the Ontario Provincial Police Association. Officials insisted these “hard-hitting and thought-provoking” messages come at a time when the attention of many drivers is torn between […] [Read More]

Impact Auto Auctions revealed when its new Impact Toronto facility will open as well as when sales will begin. Officials plan to open the new operation and start to take assignments on Tuesday with sales commencing in mid-November. They indicated auction sale dates will be announced in the near future. Impact Toronto is located at […] [Read More]

A former sheriff and powerlifting champion, Frank Hackett has led National Auto Auction Association as its chief executive for the past eight years. Auto Remarketing recently chatted with Hackett about his journey to the remarketing business and all the interesting stops along the way. [Read More]

Wheels, Inc. announced its Auction Performance Awards on Wednesday, recognizing the auction locations that had the strongest sales performance results for the company's clients during the past year. The company also spotlighted those that made the greatest improvements. “Delivering strong resale proceeds and an overall positive remarketing experience for our clients would not be possible […] [Read More]