WASHINGTON, D.C. — Direct auto loan delinquency levels continued on an unprecedented stretch of low readings during the third quarter, according to the American Bankers Association's Consumer Credit Delinquency Bulletin. The auto loan category dropped below its previous low-water mark established during the first quarter of 2011. The third-quarter reading came in at 1.15 percent. […] [Read More]

LAS VEGAS — Those planning to head to the American Financial Services Association’s 16th Annual Vehicle Finance Conference and Exposition might want to make hotel reservations this weekend, at the latest. AFSA reminded attendees this week that the Las Vegas Bellagio, the site of the conference, will no longer offer the special group rate after this coming […] [Read More]

DAYTONA BEACH, Fla. — Veteran repossessor and Time Finance Adjusters executive Patrick Altes believes there has been an industry myth circulating for years about how voluntary repossessions are expected to unfold easier for both agents and lenders. However, Altes takes a cautious approach about voluntary repossessions saying, "The reality is that the chances of finding […] [Read More]

In a year that saw the overall Canadian new-vehicle market climb about 2 percent, Ford notched its second straight title as Canada’s No. 1 seller while European automakers appeared to have turned the corner in 2011, according to DesRosiers Automotive Consultants. There were 1.59 million new vehicles sold in Canada during 2011, up 1.8 percent […] [Read More]

After a successful 2011 event that put a greater emphasis on Canada’s top pre-owned dealerships, the 2012 edition of the Auto Remarketing Canada conference will continue to build on that momentum and offer even more for dealers, organizers said this week as dates and location for the event were unveiled. Auto Remarketing Canada 2012 will […] [Read More]

Carfinco Income Fund’s transition to becoming a corporation has officially been completed. Earlier this week, Carfinco Financial Group — which is the new corporation — announced the completion of the court-supervised plan of arrangement for the conversion, meaning Carfinco Financial Group will continue the business previously run by the income fund and its subsidiaries. The […] [Read More]

Just a few years ago the nation watched as Chrysler and General Motors struggled to survive, while Ford appeared to leverage itself to the hilt to stick it out. However, turn forward a few years and 2011 paints a very different story for the Big 3. With OEMs consistently releasing high sales numbers to cap […] [Read More]

Auto Remarketing’s readers have likely noticed several changes as Cherokee Automotive Group returned to publishing its e-newsletters in the new year. We are launching a new schedule that makes some shifts to allow us to increase the frequency of SubPrime News Update to three times a week — Monday, Wednesday and Friday. Repo and Recovery, […] [Read More]

Most graphics from the recent Manheim Digital Monthly Update contained arrows pointing upward, signifying the auction company’s year-over-year growth in mobile and desktop users, sellers and buyers. Manheim indicated more than 54,000 users log into OVE.com each month, based on traffic through November. That pace represented a 12-percent year-over-year gain. Officials also discovered they had […] [Read More]

AutoTrader.com recently completed the inaugural campaign of its new Overdrive homepage advertising solution and shared Wednesday how the first advertiser to use the interactive tool – Chevrolet – fared during the week-long endeavor. Chevy used Overdrive to market its Sonic model and found that search volume and share for the vehicle on AutoTrader.com saw a […] [Read More]