GREENWOOD VILLAGE, Colo. — Colorado-based Bellco Credit Union has teamed up with longtime partner Automotive Avenues — what officials called the largest credit union-endorsed dealership in Denver — to create a new website that can teach and offer advice to car shoppers about the purchasing process. This, of course, can help foster greater confidence among consumers about buying […] [Read More]

DALLAS — Santander Consumer USA has rolled out a free mobile application for its RoadLoans.com site that is compatible with Android smartphones. This is the second free mobile RoadLoans.com app that Santander has launched, as it debuted the iPhone in January. As some may know, shoppers who have less than perfect credit can use RoadLoans to apply […] [Read More]

BANDON, Ore. — Subprime approvals in March showed gains for the used- and new-vehicle sides of the market, according to the latest analysis from CNW Research, which said this uptick in approvals follows what has been the trend during the last half year, the firm indicated. "As we've seen over the past six months, subprime approvals […] [Read More]

ADESA Cincinnati/Dayton has been commemorating its silver anniversary with celebrations throughout March, including various sales and events recognizing its 25 years as an auction. “We’re very excited to have achieved such a monumental milestone in the auction industry,” ADESA Cincinnati/Dayton general manager Geoff Parker commented. “Our commitment and dedication to service and quality for our […] [Read More]

OPENLANE recently highlighted that the quarter-over-quarter growth of its online remarketing services for recovery agencies grew by more than 200 percent during the first year of operation.  Officials discovered the growth rate during the last two quarters of 2010 was 230 percent. It surged even higher since the beginning of this year to 360 percent. […] [Read More]

In what could quickly catch the attention of repossession agencies, the Federal Trade Commission recently levied the largest civil penalty in a debt collection case against a collection company for allegedly using aggressive techniques that violated federal law. The commission alleged that West Asset Management violated the FTC Act and Fair Debt Collection Practices Act. […] [Read More]

When looking at February’s wholesale price movements, ADESA’s Tom Kontos urges a bit of caution. While on the surface it’s clear that there was both a sequential and a year-over-year decrease in prices, these modest declines are a bit deceiving, he argued. Kontos explained that the dealer consignment climbed absolutely and proportionately, and this trend […] [Read More]

While CNW Research is reporting that used-vehicle leasing soared in February, J.D. Power and Associates discovered that on the new-vehicle side, the lease penetration rate shot past the 23-percent mark. J.D. Power credits the almost double-digit sequential climb to “more aggressive programs and the domestic brands’ partnerships.” The latter factor, explained J.D. Power senior director Thomas King, refers […] [Read More]

With growing concern about parts and vehicle supplies — even radioactivity — analysts and automakers are still trying to get a handle on the magnitude of problems Japan’s earthquake and tsunami disasters are leaving on the industry now 10 days later. Juan Flores, director of vehicle valuation at Kelley Blue Book, didn’t hesitate to state, […] [Read More]

Dealers looking for inventory — especially Ford models — from the Avis Budget Group now can secure units thanks to a revamped partnership with OPENLANE. Lot management now can scour Avis Budget Group vehicles based on make, model or vehicle identification number directly from Avis and Budget locations with full condition reports provided by Alliance […] [Read More]