Last Friday, MarkOne Financial named American Auto Auction Group member Charleston Auto Auction as its 2011 National Auction of the Year, marking the third consecutive year the South Carolina operation has received this designation. Officials indicated Charleston AA was one of more than 20 auctions that were evaluated for this recognition. They explained benchmarking criteria […] [Read More]

In a new deal that the Car Care Council has struck with The Weather Channel Cos., the non-profit organization is offering vehicle maintenance advice on weather.com, as well as including links to its own website. And as consumers apparently hit weather.com fairly regularly to check the latest forecast — and given the fact they now […] [Read More]

WASHINGTON, D.C. — It was announced last week that the Consumer Bankers Association has plans to relocate. The association’s new headquarters will be in in Washington, D.C. As one of the only national trade associations focused on retail banking, the CBA has been headquartered in Arlington, Va., for close to three decades. So, why the […] [Read More]

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]