Recent first-hand attendance gave Black Book a different perspective on what’s going on in the wholesale market and prompted managing editor Ricky Beggs to ask, “Does the dealer parking lot tell the whole story?” Beggs used a portion of his weekly video report, “Beggs on the Used Car Market,” to provide an answer. “This past […] [Read More]

After a solid year in 2011, it appears the auto market will make even more progress next year. Even with what could be 12.8 million new-vehicle sales this year, there is still a hearty stock of pent-up demand remaining, as well as a stronger selection and improved credit conditions, leading Edmunds.com to project that 2012 […] [Read More]

Revealed Monday, Audi Magazine is now available on the iPad. In an effort to better reach the mobile market, the company shared that the magazine that highlights the automaker and its products can now be viewed through the app “Audi USA Magazine” for free on iTunes. "The iPad app will combine the same great story […] [Read More]

Automotive Resources International announced late last week it has bolstered its presence in the U.K. with the acquisition of Fleet Support Group, which is based out of Chippenham, England. Officials noted that FSG is Britain’s largest independent fleet management company and is a family-owned business. More than 55,000 vehicles throughout the U.K. are included in […] [Read More]

The Human Rights Commission has taken note of two of the Big 3’s commitment to corporate equality. Both Chrysler and Ford received perfect scores in the HRC’s annual corporate equality index (CEI), which rates corporations based on their lesbian, gay, bisexual and transgender workplace policies and benefits. The two automakers represented just two of 190 employers to […] [Read More]

HAUPPAUGE, N.Y — The coupon program that was designed to help drive more business to credit unions and dealerships just revealed that it has signed on four New York metropolitan area credit unions to its network.   The cuautocoupon signees include Nassau Educators Federal Credit Union in Westbury, N.Y.; Nassau Financial, also Westbury-based; Winthrop-University Hospital […] [Read More]

HAUPPAUGE, N.Y. —  Economic uncertainty doesn’t seem to be affecting consumer’s desires for luxury features in a car, according to loan aggregator GrooveCar. At least for those in Long Island, luxury reigns above fuel efficiency and economy, according to a recently completed survey. Though luxury remains a concern, survey respondents showed it doesn’t have to […] [Read More]

BANDON, Ore. — According to the latest data from CNW Research, all credit application categories posted significant increases in December versus a year ago — especially subprime. In fact, subprime made the largest jump of the three categories CNW listed, rising 53.9 percent. Non-prime rose 20.1 percent year-over-year, while prime approvals moved 12.5 percent higher. […] [Read More]

ALEXANDRIA, Va. — The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) made the bankruptcy system cumbersome and costlier to use for both debtors and bankruptcy professionals, according to a recent study funded by the American Bankruptcy Institute Anthony H.N. Schnelling Endowment Fund and National Conference of Bankruptcy Judges Endowment for Education. Officials […] [Read More]

In 2008, the American Recovery Association decided to take an important step toward industry unification and started planning an event to bring together collateral recovery specialists, remarketing professionals, professionals in the lending industry and industry vendors. Spurred by the disappointing economy and a downturn of events in the industry, ARA sought a solution to equip […] [Read More]