Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} WASHINGTON, D.C. — Ally Financial currently holds the No. 1 position for vehicle lending, […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} MINNEAPOLIS — Dealers who have potential buyers with subprime credit standings might have a […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; mso-pagination:widow-orphan; font-size:11.0pt; font-family:”Calibri”,”sans-serif”; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor-latin; mso-fareast-font-family:”Times New Roman”; mso-fareast-theme-font:minor-fareast; mso-hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin;} WASHINGTON, D.C. — If you're a dealer or lender frustrated about the impact of […] [Read More]

WESTERVILLE, Ohio — NAC, an administrator of vehicle service agreement products and the development of online dealer contracting technology, announced today its celebration of CEO Bill Speaks' 25th anniversary with the company. NAC highlighted Speaks, who was introduced to the automotive industry at a young age, already had extensive retail and F&I experience when he branched […] [Read More]

As Manheim’s Tom Webb prepared his presentation for his quarterly conference call to discuss the wholesale market, he chose not to include a slide showing repossession volume trends since he needed only three words to sum up the situation. When asked by Auto Remarketing about what repossession volume is like in the lanes, Webb replied […] [Read More]

Dealers who have potential buyers with subprime credit standings might have a better chance of getting them financed if FICO’s quarterly survey of bank risk professionals is any indication. More than 50 percent of respondents expected the auto sector to see the largest increase in subprime borrowing this year. The survey indicated 38 percent of […] [Read More]

General Motors made what it’s calling a “bold new guarantee” for the Chevrolet lineup, telling buyers “if you don’t love it, return it.” Starting today, participating U.S. franchised dealers will offer the Chevy Confidence program, which includes: —Love It or Return It: This vehicle return program covers every new 2012 or 2013 model-year vehicle purchase. […] [Read More]

When a dealership has a vehicle that just won’t turn and has to go to auction, E-Drive Autos believes its online wholesale marketplace that allows consumers to participate can give a store manager another disposal option. E-Drive Autos highlighted its new program E-DRIVE is geared to push vehicles in front of a broader network of […] [Read More]

Dealers United has introduced its July deal for members, featuring deep discounts on a customer relationship management package provided by DealerSocket. Based on the negotiated terms, members of Dealers United will save 55 percent off all setup and training, and 31 percent off the monthly charges if they jump on the deal between now and […] [Read More]

Think $9,500 isn’t getting you the same kind of vehicle at auction as it did a year ago? Manheim’s Tom Webb agrees and shared some data Monday to support the claim. During his quarterly conference call, Webb delved into his findings when he looked at the average change in mileage by wholesale price tier, comparing […] [Read More]