DETROIT — Executives from General Motors have been delighted with the performance of the 2010 Cadillac SRX since its debut last year. They contend the vehicle now has posted the largest gains in the midsize luxury crossovers for both sales and projected resale value. The automaker asserted total U.S. sales for the SRX through May have […] [Read More]

CARMEL, Ind. — ADESA recently celebrated two straight weekends of setting records, as DealerBlock posted an all-time high for Toyota Financial Services unit sales on Memorial Day weekend, then broke that record for TFS sales the following weekend. "It's exciting to see buyer loyalty continue to grow-dealers know and trust that they'll find great product from […] [Read More]

GAINESVILLE, Ga. — The movement in wholesale values this past week was not as sharply negative as it had been in recent weeks, with auction market seemingly migrating in a slightly more positive direction, according to Ricky Beggs, managing editor at Black Book. This movement followed two straight weeks where Black Book made fewer upward value changes. "Last week […] [Read More]

NORCROSS, Ga. — APCO/EasyCare, a national provider of warranties, vehicle service contracts and other consumer benefits, recently became the preferred provider for a statewide dealership association. Company executives were delighted to report they had been chosen by the West Virginia Automobile and Truck Dealers Association. "We are pleased to announce our endorsement of EasyCare as the […] [Read More]

AUBURN HILLS, Mich. — Chrysler Group leadership again enjoyed rewards for its commitment to encouraging employees to be healthier. On Monday, the automaker was listed among winners of the Best Employers for Healthy Lifestyles Award from the National Business Group on Health. It's the second year in a row Chrysler has received this honor and the […] [Read More]

NEW YORK — According to DBRS, the New York State Assembly has proposed a new bill called the Vehicle Lienholder Accountability Act, which company officials say could limit auto loan asset-back securities issuers from including receivables originated in that state in the sale of auto loan securitizations. "This act requires lienholders to provide notice to the […] [Read More]

MONTREAL, Quebec — iMETRIK Solutions, a provider of embedded wireless solutions for the buy-here, pay-here dealer industry, is orchestrating a free Webinar meant to help store management more effectively evaluate GPS and starter-interrupt device technology. Organizers plan to share a checklist of five points they believe are crucial to finding what technology and provider works best […] [Read More]

SCHAUMBURG, Ill. — Experian Automotive reviewed first-quarter data regarding open auto loans and found the better the credit standing, the more growth there has been as compared to the first quarter of 2009. In fact, Experian indicated the only growth came within the super prime and prime categories at 2.69 percent and 2.34 percent, respectively. Meanwhile, […] [Read More]

HOUSTON, Texas — The National Alliance of Buy-Here, Pay-Here Dealers recently announced that it will hold its Fourth Annual Underwriting & Collections Conference at a new venue in Dallas on Nov. 7-9, 2010. More than 500 people are expected to attend this three-day event, which will feature separate training tracks on both underwriting and collections. Kenneth Shilson, […] [Read More]

TULSA, Okla. — I've been working in the insurance industry for more than 30 years and I've spent the last 12 years providing insurance to collateral recovery agents throughout the United States. Recently, I have seen a rise in lawsuits against recovery specialists for violation of certain state consumer protection acts as well as the Fair […] [Read More]