WASHINGTON, D.C. — After several months of notable changes, little movement involving the average interest rate on new-car loans at auto finance companies in August. According to the Federal Reserve's latest report, the August average edged down just marginally to 3.86 percent. Federal officials previously calculated the July average to be 3.87 percent. Meanwhile, the Fed […] [Read More]

BENTONVILLE, Ark. — America's Car-Mart recently opened up its 100th dealership, extending its network that now stretches through eight states. Former Auburn football coach Pat Dye was on hand as part of the celebration to usher in the new store in Opelika, Ala., the sixth location the company now has in Alabama. This store also […] [Read More]

BROOKFIELD, Wis. — Fiserv announced Tuesday that its Automotive Loan Origination System will integrate with Open Dealer Exchange. The inclusion of Open Dealer Exchange in Fiserv's LOS is designed to give clients an extended range of alternatives for automating the exchange of credit and contract information, as well as new markets for dealers. Open Dealer Exchange […] [Read More]

SCHAUMBURG, Ill — Experian Automotive announced Tuesday that it has chosen NADA Used Car Guide's vehicle valuation data for its AutoCount market share reporting for lenders. According to management, the accuracy of NADA's values can help retailers and lenders to better understand their local marketplace and identify unique lending patterns among car buyers in different risk […] [Read More]

A recovery agent brought reinforcements the second time he attempted to repossess an SUV last week and for good reason. The first attempt resulted in a confrontation that included gunfire. Police said in a report published by the San Francisco Examiner that the 25-year-old agent was not injured during the incident at 4 a.m. last […] [Read More]

Guidepoint Systems believes it found a legal way to transform a GPS payment assurance device into a potential profit center for buy-here, pay-here dealerships. The basis of its recently launched GPS-based solution, Recover It, is that it not only incorporates payment assurance technology, but the tool can also allow a dealer to sell highly valued […] [Read More]

In an effort to conserve energy, Cox Enterprises, Manheim’s parent company, has set up a photovoltaic solar panel on the roof of the Manheim Portland auction. Officials said the 16,500-square-foot panel can take the sun’s radiation and convert it to 193 MWh of energy each year. As such, more than a quarter of the auction’s electrical load […] [Read More]

In a used-vehicle market that slowed moderately in September but is still rather steady, NADA Used Car Guide found that several truck segments were relatively healthy. For instance, looking at the two- to five-year-old segments, executive automotive analyst Jonathan Banks said the values of large and midsize pickups  fell roughly 1.5 percent month-over-month, on average, […] [Read More]

The Auto Remarketing Forum Series has announced that early registration for the 2010 National Remarketing Conference, which will feature some of the top names in the remarketing and used-vehicle industry, will end Friday.   The event will be held in San Diego Nov. 10-12,   Attendees who register for NRC, presented by SmartAuction, before the […] [Read More]

A day after it and Dollar Thrifty Automotive Group announced collaboration to gain antitrust approval for a merger, Avis Budget Group revealed some more favorable news for the company on Thursday. After looking at preliminary data, Avis projects that its third-quarter revenue was about $1.5 billion, an uptick from a year ago, and that its […] [Read More]