Ricky Beggs believes he has seen plenty of unique circumstances during nearly three decades of used-vehicle industry involvement. But last week’s snow and ice that plagued the Southeast forced the Black Book managing editor and his colleagues to scramble to keep pricing information current. “For the first time in my almost 30 years within this […] [Read More]

Winter’s cold still might grip most of the country, but General Motors reassured dealers and owners that the first Chevrolet Volts “came fully winterized.” Turns out, the first retail customers who took delivery of those extended-range electric vehicles reside in New Jersey. The transactions also occurred just as the season’s first major blast of winter […] [Read More]

Since Mercedes-Benz USA decided to advertise during next month’s Super Bowl — embarking on a campaign in connection with the big game for the first time — the automaker is doing more than just rolling out a 30-second TV spot. The company explained its Super Bowl initiative harnesses Twitter activity to power four competing race […] [Read More]

Five additional locations throughout a trio of states have recently joined the AuctionACCESS program, it was revealed late last week by AutoTec. These new members include: —Rochester-Syracuse Auto Auction (Waterloo, N.Y.) —Midway Auto Auction (Waco, Texas) —Sparkling City Auto Auction (San Antonio) —Memphis Auto Auction (Memphis, Tenn.) [Read More]

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]