WASHINGTON, D.C. — September's average interest rate on new-car loans at auto finance companies climbed to the second-highest point of the year, according the latest report from the Federal Reserve. Officials calculated the September average was 4.35 percent. Not since February had the figure moved this high. That's when it jumped to 4.72 percent, starting a […] [Read More]

FORT WORTH, Texas — Along with announcing the pricing of an offering of automobile receivables-backed securities, General Motors Financial reported growth in both third quarter net income and originations. Earlier this week, executives from the company formerly known as AmeriCredit revealed that third-quarter net income totaled $51 million. They pointed out net income for the quarter that […] [Read More]

IRVING, Texas — In addition to announcing a $150 million warehouse line of credit this week, Exeter Finance Corp. detailed the gains the company has recently made in its business operations. Discussing its new financing in more detail, Exeter entered into the line of credit with with Wells Fargo Bank, N.A., and plans to use it for […] [Read More]

AOL Autos recently unveiled its list of what it considers to be the 20 best deals for November.  The site broke it down by vehicle segment, spotlighting models in the following classes: SUVs, pickups, compact cars, fashion statement vehicles and midsize cars. SUVs Ford Explorer [Read More]

In light of the disparity found when comparing economic optimism within the “business side” of things to the level of optimism (or lack thereof) among consumers, NADA Used Car Guide executive automotive analyst Jonathan Banks suggested that the used-vehicle market is experiencing somewhat of a “dichotomy.” [Read More]

Dealix launched a new feature Wednesday that the company is calling Buyer Insight, which can offer dealers information about past new-vehicle lead activity. With Buyer Insight, executives explained that each Dealix lead sent to a dealer can be enhanced with timely data derived from the past 60 days of lead activity. Dealix stated it can indicate […] [Read More]

The American International Automobile Dealers Association is offering a free Webinar for both members and non-members about the value of vehicle history reports. AIADA is hosting the event with Carfax’s Jay Luna on Nov. 18 beginning at noon (EST). Luna, the process improvement manager at Carfax, is scheduled to give a presentation titled “Vehicle History […] [Read More]

Supporting the strong October sales performance previously revealed by Autodata, analysts from AutoTrader.com indicated Wednesday that the average asking prices for certified pre-owned vehicles showed significant improvement. As opposed to September, when prices dipped for 15 out of 20 most-searched CPO vehicles on a year-over-year comparison, the site determined prices increased for 14 of the […] [Read More]

The National Remarketing Conference kicks off this afternoon with a plethora of strong panels and presenters. Concurrent workshops start at noon (PST), with attendees having the choice between hearing Tom Kontos, of ADESA, offer a 2011 Pre-Owned Market Preview; Eric Lyman, of ALG, offer a 2010 Residuals Report; two executives from Experian Automotive discuss used-vehicle […] [Read More]

One of the key presentations at the CPO Forum earlier this week was with Arianne Walker, of J.D. Power and Associates, who discussed her company’s 2010 Used Vehicle Market. She told the many dealers and other industry executives in attendance that the new-vehicle and used-vehicle markets are closely tied together. As the new-vehicle market has […] [Read More]