BANDON, Ore. — CNW Research reported today that the average FICO score for used buyers came in at 622.17 in the opening weeks of September. Meanwhile, on the new-car side, the company said the average FICO score was 691.37. Discussing the trend on the used-car side, Art Spinella, CNW president, said, "And again, the cause can […] [Read More]

WOODCLIFF LAKE, N.J. — BMW Financial Services announced this week its customers will now have the ability to manage their accounts via their smartphones. After a secure log-in, captive finance customers can now make payment or obtain a payoff quote, as well as view recent activity and payment history — all from their phones. The […] [Read More]

CHERRY HILL, N.J. — Steady growth of acquisition and buy-here, pay-here portfolios pushed Pelican Resource Group to launch new bulk and point of sales purchase programs as well as the rollout of a national expansion and a new West Coast servicing center. "The company has been very successful in the Mid-Atlantic states and is continuing […] [Read More]

The American International Automobile Dealers Association is calling for nominations for its annual award that spotlights a member of the industry whose work ethic and dedication to family and community are exceptional. AIADA is now accepting entries for the David F. Mungenast Lifetime Achievement Award, which will be given out at the association’s Annual Meeting […] [Read More]

In early September, two long-time industry veterans retired from Manheim. These executives include Keith Williams, who retired as vice president of technology integration after a 44-year career, including 26 years at Manheim; and Dan Thomas, who retired as general manager of Manheim Nevada after a 36-year career, including 19 years spent with the auction giant. […] [Read More]

GE Capital Fleet Services recently revealed it has expanded its relationship with Carfax and will report more history information to the company in an effort to provide the wholesale market with greater access to more data. Now, dealers and buyers at auction will have access to Carfax Vehicle History Reports on GE Fleet units that […] [Read More]

Nine current models from nine different brands. That’s what makes up the latest quarterly list of Top Recommended Current Buys from NADAguides. The specific units included in the list released Wednesday were the 2011 Audi S5, 2012 BMW 6 Series, 2012 Chevrolet Colorado, 2012 Ford Mustang, 2011 GMC Terrain, 2012 Hyundai Tucson, 2011 Land Rover […] [Read More]

After 22 years as a member of the National Auto Auction Association, Charlotte Pyle is excited to be taking on the role of president during this year’s annual convention in Chicago this week. Pyle, who owns Mountain State Auto Auction along with her husband, revealed her husband Joe and his father were instrumental in getting […] [Read More]

Executives from J.D. Power and Associates will be on hand to present their 2011 Certified Market Report at the Certified Pre-Owned Forum, a part of Used Car Week and presented by AutoTrader.com, which will be held Nov. 14-15 in Las Vegas. Stephan Schroeder, senior director at J.D. Power and Associates/PIN, and Joe Derkos, director of […] [Read More]

DealerRater has struck a deal with car-shopping iPad app creator CarZen that can give dealer members of the dealership review website even more exposure to car shoppers. Under the partnership, the more than 450,000 dealer reviews on DealerRater can be read using the CarZen iPad app. The app includes more than 2 million vehicle listings […] [Read More]