IRVING, Texas — Online auto finance company myAutoloan.com recently revealed it has been awarded its third patent from the US Patent and Trademark Office of the Department of Commerce for its online lending marketplace technology known as Preferred Placement. “Preferred Placement is the technology that allows consumers to complete one simple application form for virtually […] [Read More]

GLEN MILLS, Pa. — With news circling that Chrysler could be seeking a new lender relationship outside of Ally, SubPrime Auto Finance News' sister site recently reached out to the OEM's national dealer council president to get his take. Seeing a Wall Street Journal report saying Chrysler is in the midst of seeking a new […] [Read More]

CLEARWATER, Fla. — Nicholas Financial recently revealed its third-quarter results for the end of 2011, showing a double-digit earnings increase and noting the reasons behind its significant growth. The company announced that for the three months ended Dec. 31, its final net earnings increased by 20 percent to $5,363,000, compared to $4,475,000 for the same period […] [Read More]

The certified pre-owned segment appears to have begun 2012 on the right foot in January, as sales continued to show year-over-year improvement and continue momentum from 2011, which was the best year in CPO history. Overall, there were 131,229 CPO sales in January, according to Autodata Corp. Despite this being nearly a 17-percent slide from […] [Read More]

Auto Remarketing learned Thursday that Mark Brunn has been named interim leader of Total Resource Auctions. Mike Langhorne, Manheim senior vice president and chief business development and operational excellence officer, said, “Bill Tiedemann is retiring from Manheim as group vice president of Total Resource Auctions at the end of this month. As a result of […] [Read More]

Though executives acknowledged on Thursday’s quarterly conference call that used-vehicle supply and pricing are likely to continue to be challenging, Group 1 Automotive celebrated a double-digit spike in fourth-quarter used sales on its way to achieving what was the most profitable year ever for the dealership group. Group 1 capped its best-ever year with a […] [Read More]

With a former presidential candidate coming onto the board of directors and the automaker’s chief financial officer, as well as its top product development executive announcing their retirements, Thursday marked a busy personnel day at Ford. First, the Blue Oval said that executive vice president and chief financial officer Lewis Booth and Derrick Kuzak, group […] [Read More]

With its latest feature, AutoTrader.com is looking to give dealers another way to attract shoppers to their lots and inventory. With the new Price Markdown feature, dealers can systematically subtract the amount of special offers from the price of their vehicles. “With this tool, dealers are able to more easily highlight the affordability of their new […] [Read More]

Earlier this week, the National Independent Automobile Dealers Association unveiled a program to offer health insurance benefits to its members. NIADA explained this new health insurance program can provide a wide selection of comprehensive coverage options, including PPO co-pay plans, health savings accounts, short-term health insurance and student health insurance and can save members up […] [Read More]

The Walter P. Chrysler Museum, in Auburn Hills, Mich., which celebrates the history of the Chrysler nameplate, recently revealed its new website. The nonprofit contends the new site includes “improved navigation, beginning with home page tabs and links from which all Museum programs, exhibitions and events, as well as Chrysler’s rich heritage, are directly accessible.” [Read More]