Two separate purchases involving players connected to the repossession, recovery and remarketing-related fields were announced on Thursday. Starting out with news from the Indianapolis area, ADESA announced that its PAR North America subsidiary bought Fontana, Calif.-based Auto Depot Remarketing. ADR works with various credit unions, regional banks and finance companies, and with this deal, PAR […] [Read More]

AutoPacific has announced the 2013 Ideal Vehicle Awards, based on surveys from more than 52,000 new-car owners on their satisfaction with their vehicles. Who came out on top? Well, Porsche is the top premium brand (Porsche has also won the IVA for sports cars in seven of the past eight years), while the top-scoring popular […] [Read More]

Luxury dealers looking to generate a few trade-ins might get a better idea of what kind of buyers make up their target audience, thanks to a list recently published by AutoTrader.com. The site has named its 10 Most Valuable Used Luxury Cars, as determined by the 3-year-old vehicles for which dealers are offering the most […] [Read More]

As the amount of nonprime, subprime and deep subprime auto loans moved higher year-over-year, Experian Automotive discovered that quarterly vehicle repossessions dropped by 14.8 percent to achieve the lowest rate since analysts began tracking the data seven years ago. According to its latest State of the Automotive Finance Market report, Experian found that 0.36 percent […] [Read More]

Though luxury vehicles continue to be the hardest used models to find, a few SUVs stood out in July — proving elusive for dealers looking to satisfy summer family road trippers and customers in the market for a roomier vehicle.  According to the latest installment of vehicle scarcity data that is provided monthly to Auto […] [Read More]

There will likely be at least a quarter million new-car intenders this year who decide at the 11th hour not to buy, according to estimates from CNW Research, which studied the reasons these shoppers choose this path. What the firm found is that the proportion that goes for a used car instead is down marginally […] [Read More]

Along with data about how many used-vehicle contracts written at franchised dealerships are bringing in some negative equity, Edmunds.com shed light on term length, APR and more about second-quarter used-vehicle sales at franchised stores. Edmunds determined the average APR in the second quarter came in at 8.2 percent, down slightly from the previous quarter when […] [Read More]

J.D. Byrider announced a promotion on Monday, naming Jack Humbert to the position of vice president of franchise sales. The company called Humbert a “point man for franchised recruitment and multi-unit franchisee development.” Humbert has been with J.D. Byrider for three years, and helped in development as a senior franchise consultant and director of franchise […] [Read More]

So, you’re a dealer and a customer walks onto your lot looking for a used vehicle that is both fun and makes sense financially. A feature posted Friday to Edmunds.com might help — it offers 10 used vehicles that fit the bill, giving dealers an added selling point to move these models. [Read More]

While NADA Used Car Guide also rattled off the top 15 used vehicles most researched on NADAguides.com last month, analysts noticed how Buick and Audi strengthened their momentum for year-over-year gains in consumer activity. In July, Buick led the way with a 23-percent gain in consumer activity, and Audi wasn’t far off that pace with […] [Read More]