WESTLAKE VILLAGE, Calif. — The market penetration of long-term financing deals reached a record level last month, according to J.D. Power and Associates, which found that 30.1 percent of retail sales in March included 72-month (or longer) loan terms. J.D. Power's Thomas King told SubPrime Auto Finance News' sister publication Auto Remarketing earlier this week […] [Read More]

BENTONVILLE, Ark. — Buy-here, pay-here dealership chain America’s Car-Mart recently announced it has opened the doors to its 113th rooftop. Marking the second dealership for the chain in this Southern state, the new store is located in Tupelo, Miss. Commenting on the news, William Henderson, president and chief executive officer of America's Car-Mart, noted, "Tupelo […] [Read More]

Registration for the 2012 Auto Remarketing Canada conference presented by CarProof has reached an all-time high, conference organizers announced today. As of this morning, there are nearly 450 registered attendees for this year’s conference, which is being held Monday through Wednesday at The Fairmont Royal York in Toronto. But it’s not too late for those […] [Read More]

Boost Motor Group and Manheim Canada announced on Wednesday the full launch of their new combined solution that is designed to help dealers conduct wholesale selling easily and quickly. The new tool allows dealers to take vehicles from their trade-in or retail inventory and send it directly to Manheim’s OVE.com simply by hitting a button. […] [Read More]

Several brands posted all-time records for certified pre-owned sales in Canada last month, as March proved to be rather fruitful for most automakers reporting CPO sales to Auto Remarketing Canada. Over at Honda Canada, for instance, both its Acura and Honda brands enjoyed their best months of all time for certified sales. The flagship brand […] [Read More]

With more lower-credit buyers in the market, greater access to 72-month financing terms and a decrease in the market share commanded by luxury buyers, the industry’s lease penetration rate slowed down slightly in March, according to J.D. Power and Associates senior director Thomas King. That said, the leasing rate (which came in at 19.7 percent) […] [Read More]

In discussing how car dealers are faring in each of its 12 districts, the Federal Reserve painted a picture of an auto market that appears, for the most part, to be relatively healthy. In the Fed’s latest Beige Book report, gains were noted on both the retail and manufacturing sides of the car business. Dealers […] [Read More]

As ADESA’s Tom Kontos reflected on 2012’s first quarter, he didn’t hesitate to tell Auto Remarketing the key story was the run-up in gas prices and the deferential impact it had on small cars versus big trucks. However, Kontos pointed out what happened in the auction lanes and the wholesale market in general during this […] [Read More]

As tax season wraps up, the Center for Automotive Research released a study Wednesday that highlighted the significant impact the auto industry has on both the country’s federal and state tax revenue. Accounting for more than $135 billion of tax revenue, the study found that the use and sales of more than 250 million vehicles […] [Read More]

Earlier this week, Mercedes-Benz USA and its dealer body pledged to give $1.3 million this year to fund coaches for a charitable organization that aids projects using sports for the betterment of youth. The company’s gift to the Laureus Sport for Good Foundation, USA, will help the organization prepare and set up 250 coaches to […] [Read More]