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Credit Acceptance Announces Final Results of Tender Offer

Southfield, Michigan — Credit Acceptance Corporation  (referred to as the “Company”, “Credit Acceptance”, “we”, “our”, or “us”) announced recently the final results of our tender offe
Jul 12, 2012

Survey: Banks Will Expand Lending to Car Buyers with Damaged Credit

Bankers expect credit delinquencies to stabilize but student lending troubles to persist MINNEAPOLIS — In FICO’s quarterly survey of bank risk professionals, lenders said they are expecting an increase in the availability of car loans for consume
Jul 12, 2012

Wholesale Prices Fall by 1.7% in June

Below please find highlights from the June 2012 NADA Official Used Car Guide Update: –Wholesale Prices Fall by 1.7% in June Compact car prices dive by 3.7%; large SUV prices slip by only 0.4%. –Used Price Outlook Downgraded July Official
Jul 12, 2012

Are your Trade Secrets Protected?

Anyone involved in the auto industry knows that employees tend to relocate within the industry frequently. This is particularly true in high demand positions such as experienced managers as well as specialized technicians such as diesel technicians a
Jul 12, 2012

Three Ways to Re-think Reconditioning and Improve Profitability

I was always taught that a dealer should never apologize for anything when it came to used vehicles. This meant that we would always spend the time and money to “go the extra mile” with the reconditioning of every used car at my family’s dealer
Jul 12, 2012

Right to Repair Submits Final Signatures to Place Pro-Consumer Initiative on the Ballot

Day before Deadline, 16,000 Certified Voter Signatures Delivered to Secretary of State; New Car Dealers Affirm Support BOSTON — The Right to Repair Coalition today submitted 16,000 signatures to the Secretary of State to secure the consumer dri
Jul 9, 2012

Vehicle Key Access Legislation Fails to Pass State Senate Assembly

ASA Encourages Repairers to Opt for SDRM Sign-up WASHINGTON, D.C. – California State Sen. Ed Hernandez’s (D-24) Senate Bill 750, relating to motor vehicle manufacturer production of replacement keys, recently failed to pass the California
Jul 9, 2012

Direct Auto Loan Delinquencies Fall 0.2%

Consumers make headway on debt despite challenges WASHINGTON – Consumer delinquencies fell in 10 of 11 categories tracked by the American Bankers Association, which recently released results from the first quarter 2012 Consumer Credit Delinquency B
Jul 5, 2012

Raising the Bar in the Inventory Merchandising Game

Just when you thought you finally caught up with competitors, fine-tuned your inventory merchandising to acceptable industry and consumer standards, and confidently prepared for the influx of customer leads, once again the bar has been raised. Consum
Jul 5, 2012