Jim Mitchell wanted to witness Ohio Gov. John Kasich sign Senate Bill 245 into law earlier this week since the legislation eight years in the making is aimed at assisting independent dealers in becoming successful. The executive director the Ohio Independent Auto Dealers Association cheered the passage of the measure that mandates dealers must go […] [Read More]

In the near future, businesses in the fleet car leasing industry might have to change their tactics, according to a recent report from IBISWorld.  [Read More]

In talking with Auto Remarketing after his company’s Thousand Oaks, Calif., auction location notched its third record sale this spring, the chief executive at Auctions In Motions — a Southern California company giving dealers an alternative way to buy and sell wholesale units by blending mobile and “hybrid” auction sales — boiled this hot streak […] [Read More]

Online salvage auction operator Copart on Tuesday picked instaVIN to be its vehicle history report provider. Through the alliance, instaVIN Vehicle History & Title Reports can now be viewed through Copart’s online vehicle listings. Officials explained that links to the instaVIN vehicle history report service from Copart’s listings can help buyers and dealers better understand […] [Read More]

According to a new study, used-car deals get better — hundreds of dollars better — as ya shopper heads toward the big city. In all but two states studied in CarGurus’ latest survey, dealers within a 50-mile radius of a major city center offer better deals on their used-car inventory than those located farther outside […] [Read More]

Two companies within the remarketing industry offered updates this week on their charitable endeavors. First, Insurance Auto Auctions announced it is supporting Alex’s Lemonade Stand Foundation’s ninth annual National Lemonade Days. In June, IAA plans to sell lemonade at 142 of its 160 North American branches from coast to coast as well as its Chicago-based […] [Read More]

WASHINGTON, D.C. — The American Bankers Association recently released a free, members-only resource to assist bankers with their continued compliance with fair lending laws. Officials highlighted the Toolbox on Fair Lending is intended to provide practical examples, how-to's and templates for bankers to use when reviewing compliance and preparing for fair lending exams. The Toolbox […] [Read More]

COLUMBUS, Ohio — Jim Mitchell wanted to witness Ohio Gov. John Kasich sign Senate Bill 245 into law earlier this week since the legislation eight years in the making is aimed at assisting independent dealers in becoming successful. The executive director the Ohio Independent Auto Dealers Association cheered the passage of the measure that mandates […] [Read More]

ALEXANDRIA, Va. — With the expectation of more declines, the American Bankruptcy Institute determined May filings dropped by double digits year-over-year, according to data provided by Epiq Systems. Total bankruptcy filings in the United States for May decreased 11 percent to 109,392, down from the 122,836 filings registered in May of last year. ABI indicated […] [Read More]

NEW YORK — Fitch Ratings called U.S. auto loan ABS performance in April "stellar" as its latest index results showed several record readings. Analysts determined prime auto asset-backed securities (ABS) delinquencies and losses dropped in April to the lowest levels recorded in 2012. They said performance was buoyed by the solid 2009-2011 vintages, which are […] [Read More]