McLEAN, Va. — Auto industry entities are continuing to push initiatives intended to provide aid to earthquake-ravaged Haiti, including a new project endorsed by the National Automobile Dealers Association. The program, dubbed "100 Trucks for Haiti," already has the support of NADA and Starling Chevrolet in St. Cloud, Fla., as a way to benefit the Clinton-Bush […] [Read More]

HANOVER, Md. — Hudson Cook, CounselorLibrary.com and Auto Advisory Services will be hosting a special auto financing workshop next month in Orange County, Calif., that will touch on a variety of legal issues within the industry. As some may know, all of these companies provide legal compliance services for the financial services industry. During the half-day program — which will […] [Read More]

ALEXANDRIA, Va. — Though consumer bankruptcies in January fell 10 percent from the previous month, this isn't necessarily indicative of things to come. In fact, the American Bankruptcy Institute suggested Tuesday that various economic pressures could push bankruptcies this year past their 2009 levels. "While January represented a drop in filings from the previous month, high unemployment […] [Read More]

CARY, N.C. — SubPrime Auto Finance News announced this morning that today is the last day to submit nominations for the second annual listing of the top 75 subprime companies in the March/April edition. Please move quickly, as nominations will close end-of-day today. "We are looking for companies that stand out from the pack in making […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne has launched a new online lead and credit application tool for dealers that can help them manage and track customer leads, help make their online marketing activities more effective, and extend the reach of finance departments to their consumer Web sites. Subscribing dealers can now access WebApplyOne, which is designed to be a […] [Read More]

FONTANA, Calif. — Dealers might not necessarily be asking auctions specifically about repossessed vehicles. But when a repo unit comes down a lane, it's likely headed to a dealer's inventory soon. Several auction executives discussed repossessions recently with Auto Remarketing. All shared how repossessed vehicle volume is generally up, and how an overall tight wholesale supply is […] [Read More]

SHELBY TOWNSHIP, Mich. — It's safe to say every manager who's tasked with remarketing vehicles within their own respective auto finance companies has one goal in common — to sell the most amount of repossessed vehicles at the highest return within the shortest period of time.  Historically, having available sale-ready negotiable titles within a timely basis has always […] [Read More]

ATLANTA — Manheim revealed details about its training sessions planned at the National Automobile Dealers Association Convention & Expo later this month. Several sessions titled "Secrets of the Modern Wholesale Auction" are scheduled to be under the direction of Amanda Savage, customer relations director of Manheim Online Solutions. Savage's presentations are billed under NADA's "Vehicle Sales — […] [Read More]

FREDRICK, Md. — On Friday, the National Auto Auction Association announced a slight expansion to the list of vehicles that it recommends no longer be sold at auction. The list now includes a model from General Motors — 2009/2010 Pontiac Vibes, to be specific. In a statement sent out Friday, NAAA included a notice from GM Remarketing […] [Read More]

TORONTO, Ontario — DealerTrack Canada reported earlier this week that it has purchased Trade Tracker — which provides Canadian dealers with systematic online process for appraising vehicles — for $1.2 million (CAD). Trade Tracker's online approval tool is used by roughly 300 Canadian dealers and is designed to help them more efficiently and accurately review, appraise and track […] [Read More]