Used-vehicle values in May added to the string of historically lofty prices, according to RVI Group, but the used market is likely poised for slowdown. RVI is forecasting a 2.2-percent drop in used prices from current levels for the rest of 2011, officials said in the latest RVI Risk Outlook. This would be a change […] [Read More]

On the heels of the automaker rolling out a new certified pre-owned program, General Motors dealers have a new way to possibly attract used-vehicle shoppers interested in other automakers. It was announced Monday that participating GM dealers are offering a three-month free subscription to SiriusXM for customers who buy a used vehicle from any brand, […] [Read More]

Ford vehicle performance earned more praise as RDA Group gave the automaker its Quality Award — a discretionary honor to recognize substantial improvements in quality and customer satisfaction over time. RDA Group declared during a brief ceremony recently that Ford has “achieved unparalleled success in quality and customer satisfaction improvement.” In assessing Global Quality Research […] [Read More]

Dealers who use vAuto as their inventory management solution now have more content available to them made possible by the new AutoTrader.com family alliance. Officials from vAuto and Manheim said Monday the Manheim Market Report (MMR) and OVE.com are now seamlessly integrated within the vAuto platform. The company explained MMR now is displayed in vAuto’s […] [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. has extended the maturity and increased the amount of its revolving secured line of credit facility, as well as extended the date on which its $325 million revolving secured warehouse facility will cease to revolve. Credit Acceptance extended the maturity of its credit facility with a commercial bank syndicate from June 22, […] [Read More]

FOUNTAIN VALLEY, Calif. — In an effort to push the 2012 Accent and the rest of its new-model lineup, Hyundai Motor America renewed its partnership with Motozuma, a free social savings website where consumers can stash money to be used for a down payment on a new-vehicle purchase. Motozuma users can save their own money […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Taking its dealer suggestions seriously, Finance Express recently announced that Experian Automotive’s AutoCheck vehicle history reports will now be available through the company’s Internet-based dealer management system. "We take our dealers' suggestions very seriously, so when they asked for AutoCheck integration, we were happy to oblige,” said Dave Huber, president […] [Read More]

PITTSBURGH — PNC announced this week that it has reached a deal to purchase the U.S. arm of Royal Bank of Canada for $3.45 billion, or a $112 million discount on "tangible book value," according to management. With about $25 billion in assets, including auto loans, Raleigh, N.C.-based RBC Bank has 424 branches in North Carolina, Florida, […] [Read More]

With my travels all throughout this nation, I have a unique opportunity to work with and train people from every walk of life — from the auto finance industry to the bail bondsman to the recovery agent. No matter their line of work, the most common questions I am asked are: “When should we start working […] [Read More]

With communications technology evolving rapidly and federal regulations still in flux, ACA International, the Association of Credit and Collection Professionals, created a series of recommendations on how debt collection can be handled efficiently and fairly. ACA International recently rolled out what it titled, “The Path Forward: ACA International’s Blueprint for Modernizing America’s Consumer Debt Collection […] [Read More]