While dealers play a huge role in the CPO Forum, they’re also a vital part of another Used Car Week event: the National Remarketing Conference. In the lanes, on the lot and online, dealers are the lifeblood of the remarketing industry, and one session in particular at NRC will give them the opportunity to share […] [Read More]

Utilizing Manheim’s Simulcast Everywhere technology for the first time, BMW Financial Services shared its recent sale was a success, with more than 70 BMW franchised buyers taking part.   The lender's first Simulcast Everywhere sale had more than 3,000 total bids in this first-of-its-kind sale format, “designed to allow BMW Financial Services to sell vehicles […] [Read More]

Potential used-car buyers can now get a little help with their down payment, thanks to a new program announced this week by social-savings website Motozuma. By setting up a free Motozuma account to save for a down payment, prospective buyers can receive a dollar-for-dollar match of up to $200 on any used vehicle purchased from […] [Read More]

The National Independent Automobile Dealers Association revealed its newest NIADA Platinum National Corporate Partner on Thursday with the addition of Dealer Services Corp. of Indiana. By aligning with DSC, NIADA said the move is meant to further its commitment to the success of independent dealers. The association highlighted that during the past seven years, DSC […] [Read More]

CarMax Auctions has announced the upcoming grand opening of its newly updated Laurel Auction Center to coincide with a Dealer Appreciation Sale. The Laurel Auction Center, located at 8800 Freestate Drive in Laurel, Md., will hold its first auction in the new building on Monday at 9:30 a.m. (EST). Construction has just been completed on […] [Read More]

JACKSONVILLE, Fla. — Along with bolstering its executive team, MarkOne Holdings, a national automotive finance holding company already operating through regional subsidiaries serving the East Coast and the Midwest, broadened its scope this week so it can conduct lending operations in the West. Officials launched a third operation — WestMark Auto Finance — with plans […] [Read More]

ST. LOUIS and WASHINGTON, D.C. — As the agency's new Consumer Advisory Board met for the first time, the Consumer Financial Protection Bureau declared its latest study shows discrepancies between the credit scores sold to creditors, lenders and finance companies and ones sold to consumers. CFPB officials contend the study found that about one out […] [Read More]

FORT LAUDERDALE, Fla. — Offering its take on what is most important to consumers in the car-buying process, AutoUSA Internet Sales Solutions revealed Monday the availability of a free white paper for dealers. The report, titled, "Pre-Qualified Payment Marketing: Converting Online Car Shoppers to Customers," gives an "overview of the current payment marketing options offered […] [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. recently completed a $252.0 million asset-backed non-recourse secured financing. Pursuant to this transaction, the company said it contributed loans having a net book value of approximately $315.1 million to a wholly-owned special purpose entity that will transfer the loans to a trust. Credit Acceptance explained this trust will issue […] [Read More]

The days-to-turn rate for the Canadian used- and new-car markets climbed for the third straight month, according to the latest Automotive Market Metrics report from J.D Power and Associates’ Canadian Automotive Practice. J.D. Power found that in August — the most recent data provided — each side of the industry was between 58 and 62 […] [Read More]