Here’s a number used-car managers might want to remember as they’re scouring the lanes for inventory: 3.5 percent. That figure seems to be the consensus among analysts from Kelley Blue Book and NADA Used Car Guide on how much used-vehicle values are going to drop during the coming months. Alec Gutierrez, KBB’s senior market analyst […] [Read More]

As summer heats up and high fuel prices have eased, it seems gas sippers are on the way out and consumers are turning their eyes towards vehicles for “heavy-duty” activities. According to  Kelley Blue Book’s Hot User-Car Report, commercial or utility-oriented vehicles make up the top five segments with the greatest change in traffic share […] [Read More]

When looking at Kelley Blue Book’s data highlighting the changes in auction values for one- to three-year-old vehicles in the second quarter, the three segments with the most significant declines all fit in the crossover category. Interestingly enough, though, KBB points out that crossovers are still ahead of the game when it comes to retained […] [Read More]

Flagship Credit Acceptance, a national indirect automobile finance company, announced the issuance of its first asset-backed securitization. The total amount was $109 million in a transaction that was completed Thursday. Officials highlighted the securitization will increase Flagship’s liquidity position and will allow the company to further grow its auto finance business. As part of the […] [Read More]

As the industry gears up for the 2012 Center for Automotive Research Management Briefing Seminars this August, officials revealed some key speakers for the event, as well as hot-button topics. Leaders from automotive manufacturers and suppliers, along with the governors from the states of Michigan and Tennessee, “will discuss strategies to keep the momentum of […] [Read More]

Ford and Feeding America, one of the nation’s largest hunger-relief organizations, are organizing the 2013 Ford Escape Hunger Drive, a campaign covering all regions of the United States. During drive events, guests will be able to drive, walk around or ride in the all-new Escape, and in turn Ford will provide 40 meals per guest […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE NEW YORK and SAN FRANCISCO — Both JPMorgan Chase and Wells Fargo & Co. enjoyed healthy gains in auto originations during the second quarter as both companies watched growth come "across the credit spectrum." Both companies recently reported their second-quarter financial statements, and each one generated doubled-digit […] [Read More]

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Normal 0 false false false EN-US X-NONE X-NONE PHILADELPHIA — VINtek, a provider of automotive collateral management and electronic lien and title services for auto finance lenders, announced today it has been named as the endorsed ELT service provider of the South Dakota Bankers Association (SDBA). Officials recapped that back in 2008, South Dakota passed […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE DETROIT — With a credit report being such a significant element in the vehicle financing process, Consumer Financial Protection Bureau director Richard Cordray told the gathering assembled for a credit reporting field hearing how regulators might oversee how credit report providers do business. Cordray insisted earlier today […] [Read More]