MINNEAPOLIS — Wolters Kluwer Financial Services recently announced it has added another lender to its AppOne platform. Broadening its existing relationship with Wolters Kluwer is Grow Financial Federal Credit Union, which will utilize AppOne to offer indirect lending services to a wider base of independent dealers in Florida, where the credit union is based. Officials indicated that AppOne will also […] [Read More]

BANDON, Ore. — As the capital markets collapsed, largely due to subprime mortgages, this caused the auto loan subprime market to crash. Subprime auto loans fell to $12.5 billion in 2008 and dropped again to $8.3 billion in 2009, according to CNW Research. However, in 2010, these loans starting reversing course, coming in at $8.99 billion […] [Read More]

HAUPPAUGE, N.Y. — GrooveCar rolled out a 90-day incentive earlier this month that is designed to help foster used- and new-vehicle sales in the New York metropolitan area. Basically, credit union members in this market can use the $500 online coupon from GrooveCar at participating dealers through March 31.  This particular promotion is only valid in the […] [Read More]

HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers announced it will host a two-day dealer training academy just prior to its annual conference. The academy will be held at the Venetian Resort and Casino in Las Vegas on May 16-17, followed by the 13th annual National Buy-Here, Pay-Here Conference at the same location May 18-20. […] [Read More]

American Recovery Association leaders bolstered the agenda for the third annual North American Repossessors Summit in two ways. Not only does the event include a full program of topics lead by key industry leaders, but it also incorporates another education session for the Collateral Recovery and Remarketing Accreditation Program. This year’s summit is set for […] [Read More]

Credit unions continue to gain market share from traditional banks as consumers seek lower fees, competitive interest rates and more personal service. Many credit unions are offering a robust suite of services, including auto loans, as a way of winning and keeping clients. While credit union offerings have grown to match that of larger financial […] [Read More]

Charleston Auto Auction is celebrating a decade of operations with its 10th Anniversary Sales later this winter that will include a $1 million sweepstakes as well as a giveaway of $50,000 in cash and prizes. The event commemorates what the auction says has been 10 years of significant growth. The one-lane facility that debuted in […] [Read More]

They exhibit more enthusiasm toward car shopping than their Generation X and baby boomer counterparts and show great loyalty to automotive brands. However, they often show apprehension about visiting dealers, and if treated poorly by a salesperson, Generation Y shoppers are also quick to turn away. And more importantly, a year from now, they will likely […] [Read More]

Automotive Resources International said last week that it has brought up one of its executives to serve as the new senior vice president of fleet services, which is responsible for remarketing, among other duties. Assuming the post is Bob White, whose most recent position was as a vice president of operations. White has been with […] [Read More]

Leaders of the National Auto Auction Association all agree that adoption of NAAA’s National Certification Standard Program continues to expand since its release on Jan. 1. NAAA executive director Frank Hackett indicated program implementation is an ongoing process being rolled out during the next six weeks. The association pointed out companies that have already announced […] [Read More]