While the first-quarter financial numbers might look bleak, revised sales forecasts and other signs point toward Honda Motor Co., making a strong recovery as its 2011 fiscal year continues, especially on the heels of strengthening certified pre-owned sales. First, here is the unsightly news that came out Monday. Honda’s first-quarter consolidated net income totaled 31.7 […] [Read More]

Based on the latest analysis from J.D. Power and Associates, it appears the auto industry is having a tough time accelerating over recent speed bumps, although recovery still seems to be on the horizon and the market likely improved from June. Pointing out yet another month where second-half sales stalled, J.D. Power expects that when […] [Read More]

According to a new study from Dataium, more consumers than ever before are turning to mobile devices while shopping for their next vehicle. The company found that the amount of auto buyers who accessed an automotive website via a mobile device this past July nearly doubled when compared to 2010, coming in at 8.74 percent. [Read More]

Subaru of America turned to the digital sector of the auto industry to find its new chief marketing officer. The company announced late last week that taking on the CMO post effective Sept. 7 is Dean Evans, who most recently held that same role with Dealer.com. His 23 years of experience in the auto industry […] [Read More]

OPENLANE announced dealers now have the chance to obtain a free 30-day Buy-Back Guarantee Plus plan on qualifying purchases via its U.S. Open Auction throughout August. The company explained Monday that dealers who purchase dealer-consigned and rental inventory on OPENLANE will automatically be enrolled in the Buyback Guarantee Plus program this month. OPENLANE highlighted this program is […] [Read More]

ATLANTA — When Manheim considered the buy-here, pay-here market when compiling its annual Used Car Market Report — Mid-Year Edition, chief economist Tom Webb discovered these stores have been especially impacted by high wholesale prices. Webb insisted BHPH dealers have to be just as careful about the vehicles they stock as they are about evaluating the […] [Read More]

CLEARWATER, Fla. — Nicholas Financial recently revealed its first quarter results, highlighting a set of substantial increases for both earnings and revenue. Net earnings for the three months came in at $5.303 million, marking a 48 percent increase from the 1Q 2010 total of $3.576 million. Moreover, the company also reported per share diluted net […] [Read More]

SOUTHFIELD, Mich. — Although its second-quarter net income slipped year-over-year, Credit Acceptance Corp., watched that financial reading climb when looking at its performance through the first six months of 2011. Credit Acceptance reported Monday that its second-quarter consolidated net income came in at $44.8 million or $1.72 per diluted share during the time period that […] [Read More]

NEW YORK — Reviewing Ally Financial's preliminary second-quarter results, SubPrime Auto Finance News discovered its auto originations growth was driven in large part by stronger used originations and leasing volume in the U.S., which spiked 74 percent and 155 percent, respectively. Overall, total consumer financing originations came in at $12.5 billion, compared to $10.7 billion a […] [Read More]

ACA International, the association of credit and collection professionals, recently confirmed its new president during its 72nd annual convention and exposition in Dallas. Now overseeing ACA’s volunteer executive committee and board of directors as president is Mark Neeb, of Rochester, Minn. Neeb’s term runs through next year. Neeb, a certified public accountant, entered the third-party […] [Read More]