DALLAS — Santander Consumer USA is quickly ramping up its market penetration in the U.S., especially in used-vehicle auto loans. In addition to originations, the company has been quietly buying up auto loan portfolios and making servicing deals and origination deals with such companies as Chrysler, Triad Financial, CarMax, HSBC and in the most recent multibillion-dollar […] [Read More]

DETROIT — While rumors have recently circulated that General Motors is considering taking back a majority stake in GMAC, that no longer appears to be the case. Auto Remarketing confirmed Thursday that the automaker is looking to strike new lender relationships to drive sales and help dealers and apparently, Chase and Wells Fargo are two key […] [Read More]

SANTA MONICA, Calif. — TrueCar.com predicts that rises in automaker incentive spending won't translate into month-over-month gains in new-vehicle sales for June. Site analysts computed the industry average incentive spending per unit will be approximately $2,870 in June. They indicated the sum represents a 1.1-percent increase from May and a 6.2-percent jump from this time last […] [Read More]

CARY, N.C. — Dealers and remarketing management personnel went to AutoRemarketing.com this week to learn more about just how much social media websites are affecting the industry. Recent CNW Research analysis delved further into the discussion about how Facebook and Twitter are integrated into used-vehicle sales. AutoRemarketing.com shared the 2010 U.S. Initial Quality Study from J.D. […] [Read More]

WESTLAKE VILLAGE, Calif. — J.D. Power and Associates doesn't believe an increase in fleet sales in June is strong enough to fully offset weaker-than-expected retail sales. As a result, firm analysts expect a decline in the total new-vehicle selling rate from May after gathering real-time transaction data from more than 8,900 retail franchisees throughout the United […] [Read More]

CHICAGO — Familiar models again topped the annual American-Made Index from Cars.com. The site determines this list based on vehicles' percentage by cost of their parts that are made domestically, where they are assembled and how popular they are among U.S. buyers. For the second year in a row, the Toyota Camry led the way as […] [Read More]

DEARBORN, Mich. — Ford said Thursday that its franchise dealers will do much more than just hand the keys off to the new owners of a 2011 Fiestas. All kinds of new technology mediums are being utilized as a part of the Ford Retail Movement, a dealer campaign intended to help these new owners learn more about their vehicle […] [Read More]

AUBURN HILLS, Mich. — By and large, arbitrators are finding in favor of Chrysler instead of the dealers seeking reinstatement. Auto Remarketing reached out to the automaker for an update Wednesday and, according to a spokesperson, Chrysler has prevailed in a total of 41 cases, while 14 decisions have gone on behalf of arbitrating dealers. Mike Palese also indicated that […] [Read More]

WESTLAKE VILLAGE, Calif. — Sparked by the growing owner penetration of iPhones, BlackBerrys and other smartphones, J.D. Power and Associates used its latest study to gauge how passionate potential buyers or current owners are about their vehicles having some of the same technological capabilities. Turns out, the interest in key communication- and connectivity-related features for their […] [Read More]

STAMFORD, Conn. — While wholesale prices showed sequential gains for the fifth straight month in May, the rate of increase slowed down from its pace earlier this year, according to RVI Group. Specifically, the RVI Used Car Price Index in May was up 0.9 percent month-over-month and showed a 19.8-percent upswing from the year-ago period. "The […] [Read More]