Gas prices are nearing $4, but shoppers still remain cautious when it comes to alternative-fuel vehicles. And according to Kbb.com, consumers don’t think the fuel rate spike is over — a worry that is still not causing them to consider alternative-fuel vehicles, site officials explained. [Read More]

Jeep brand officials announced late last week the winners of the nameplate’s recent photography contest.  Recently, Boys & Girls Club members located within a 100-mile radius of seven U.S. cities were challenged by the Jeep brand and Boys & Girls Clubs of America to enter the "Your Jeep Quest" photography contest, “a partnership that rewards […] [Read More]

NEW YORK and DALLAS — As the Federal Reserve discovered total consumer borrowing — including auto loans — accelerated by 8 percent in August, Fitch Ratings cautioned that industry enthusiasm should be tempered as meaningful near-term risk remains as long as the U.S. fiscal cliff remains unresolved. Fitch highlighted that improving consumer confidence, pent-up demand […] [Read More]

IRVING, Texas — Exeter Finance Corp. recently announced the expansion and extension of its warehouse credit facility to $1.075 billion of available borrowing capacity from the previous level of $600 million. Management from the specialty auto finance company indicated the new borrowing base has a revolving period that matures in October 2015. Officials highlighted the […] [Read More]

HOUSTON — First Investors Financial Services Group revealed when it's going to conduct the special meeting of shareholders to consider and vote upon a proposal to approve and adopt the previously announced definitive merger agreement with FIFS Holdings Corp. The gathering will take place on Oct. 30 beginning at 9 a.m. CST at First Investors' […] [Read More]

PALATINE, Ill. — The MVTRAC Recovery Industry Advisory Board formally announced the implementation of new strategic policies regarding MVTRAC's business model and associated operations. Members explained the new initiatives were the result of an extensive development and review process, then unanimously voted and later ratified into action at MVTRAC's annual advisory board meeting. The changes […] [Read More]

Chase Auto Finance recognized eight auctions on Thursday as the 2012 Chase Cup for Auction Excellence honorees were unveiled during the National Auto Auction Conference in Orlando, Fla. Winning the overall Chase Cup was ADESA Cincinnati-Dayton, which has claimed this honor for two straight years. The auction also took home the top award for the […] [Read More]

The Auction Broadcasting Co. has reached a deal with TD Auto Finance to remarket the lender’s vehicles at the ABC St. Louis facility. ABC president Jason Hockett said, ““We are pleased to welcome TD Auto Finance and TD’s In Lane Edge program at ABC St. Louis. We have experienced significant growth at ABC St. Louis, […] [Read More]

September’s certified pre-owned vehicle sales total — a performance that included new monthly all-time highs for Porsche and Mazda — helped to push the industry to the highest amount of units sold in a single quarter ever. Autodata Corp. reported on Thursday that September CPO sales came in at 154,702 — a figure that was […] [Read More]

How has the certified pre-owned market managed to be this strong and reach consecutive years of historic sales? It depends on whom you ask. Among the national CPO managers who shared their thoughts with Auto Remarketing, there were several different reasons cited when they were asked why there has been industry-wide growth in certified sales […] [Read More]