LOS ANGELES — Westlake Financial Services revealed Monday its choices for the top auctions for the second quarter. The title of Top Overall Auction went to Norwalk Auto Auction followed by Manheim Nevada — which had previously held the top spot for four consecutive quarters. Besides strong sale results, Norwalk was recognized for excellent service, Westlake […] [Read More]

DEARBORN, Mich. — In reporting its second quarter results, Ford Credit revealed that charge-offs have decreased significantly. For the quarter, total charge-offs came in at $41 million, compared to $86 million in the same period of 2010. Breaking it down even further, Ford Credit said retail installment and lease charge-offs were $41 million in the second […] [Read More]

OVERLAND PARK, Kan. — NCM Associates is participating in a buy-here, pay-here dealer-geared Webinar tomorrow at 2 p.m. EST sponsored by Auto Remarketing and SubPrime Auto Finance News.  Brent Carmichael, NCM executive conference moderator, trainer and consultant to the BHPH industry, will lead participants through inventory, sales, collections and accounting fundamentals for BHPH, including the demographics […] [Read More]

Sometimes mixing together veteran repossession agents and forwarding companies can create a combative situation. But that’s not the approach Time Finance Adjusters’ executive director takes. In fact, Ron Brown told Auto Remarketing that he has “no problem with forwarders. I admire them as a matter of fact.” For example, Brown shared that he counts David […] [Read More]

Skip-tracing expert Alex Price is offering several chances this week to learn more strategies to find debtors and vehicles. In his role as national sales director and training manager of MasterFiles, Price is holding five free sessions titled, “Learn How to Turn Skip-Tracing into Skip-Collecting.” The first hour-long Webinar begins today at 2 p.m. ET.  […] [Read More]

In a Webinar geared toward credit unions and other auto lending institutions, NorthLegal Training and Publications plans to outline several questions that should be answered in order for a vehicle recovery to be processed legally. The session titled, “Repossessions: Before You Pick Up Collateral,” is set for Thursday at 1 p.m. ET. The agenda includes […] [Read More]

Late next month the National Auto Auction Association is holding its annual week for members to showcase their various achievements, be they in the business world or in serving the community. NAAA is asking its members to use National Auto Auction Week as a way to show their appreciation to customers and employees and engage […] [Read More]

Stemming from a belief that used-vehicle prices likely peaked in June, NADA Used Car Guide insisted average trade-in values of many popular, fuel-efficient small units from the 2006-2009 model years are still expected to be higher next month than when the year started. In fact, senior analyst Jonathan Banks projected these average trade-in values to […] [Read More]

While often the reference for used-vehicle sales data, CNW Research late last week shared projections about how July new-vehicles sales might settle and why. CNW thinks there will be 1.105 million new sales this month, a figure that would represent a 5.3-percent rise from July of last year. President Art Spinella used that July prediction […] [Read More]

The auto buyer landscape may be shifting toward a younger generation these days, but Baby Boomers still yield quite a bit of power. Many in this generation — those buyers born between 1947 and 1965 — have greater flexibility when it comes to time and money, thanks to an empty nest at home and more […] [Read More]