From The Green Hornet to the original Batmobile, Barrett-Jackson expects to set a new world record for vehicle offerings this week, as the company holds the largest auction event in its 42-year history. Barrett-Jackson made the announcement this week regarding its flagship Scottsdale, Ariz., auction, which runs through Sunday at WestWorld of Scottsdale. With nearly […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE HANOVER, Md. — Executives from 20 auto lenders holding a portfolio of $200 million or less paused almost in unison when Hudson Cook's legal experts made the connection between behavioral economics and vehicle financing. During a roundtable session organized by the National Automotive Finance Association last week, […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — While the composite rate of the S&P/Experian Consumer Credit Default Indices ticked up for the third consecutive month, auto loan default rates stayed flat in December, halting a rising trend that lasted three months. According to S&P Dow Jones Indices and Experian, the auto […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE FORT WORTH, Texas — For the fourth time since June of last year, General Motors Financial announced the pricing of an offering of automobile receivables-backed securities totaling at least $1 billion. The newest development revealed by the company on Tuesday is for a $1.0 billion offering through […] [Read More]

LAKE SUCCESS, N.Y. — Dealertrack will host a free compliance webinar to serve as a wrap-up of 2012 developments and to discuss important changes in compliance regulations dealers likely will encounter this year. The session is scheduled for 2 p.m. ET on Thursday. This webinar will be hosted by Dealertrack compliance counsel Randy Henrick. Dealertrack […] [Read More]

Dealer software company AutoManager Inc. said this week it is offering a a bundled subscription to its DeskManager DMS and WebManager online marketing tool. This new offering starts at $600 for six months. AutoManager chief executive officer Kami Tafreshi contends AutoManager Suite is “the first of its kind to target the coveted $100/month price point […] [Read More]

These days there are a million numbers we can manage in a dealership. Front-end average gross, back-end average gross, turn time, days’ supply, VDPs, SRPs, click-through rate … and the list goes on. These are all important metrics that can definitely tell a lot about the success of a dealership. But what if I told […] [Read More]

Looking back at 2012, used-vehicle prices continued their upward climb for the fourth consecutive year, according to NADA Used Car Guide’s latest Guidelines report. And elements outside of the market contributed to late-year price hikes, as well, as the effects of Hutrricane Sandy pushed the average price of vehicles up to eight years old up […] [Read More]

Toyota is welcoming a new manager in its certified pre-owned department on Monday, Auto Remarketing has learned. Mia Phillips, the retail sales and operations manager for TCUV/TRAC, is moving over to Toyota’s product communications department. Stepping into her CPO leadership position is Rob Larson, who has been with the automaker for 15 years.    [Read More]

Which consumers are sticking by their ride’s side? Experian Automotive revealed today the Q3 2012 Loyalty and Market Trends report, which highlighted two of Ford’s models as having the most brand-loyal owners: the Ford Fusion and the Ford Flex. These two models took the top two spots for brand loyalty at the model level during […] [Read More]