The National Automotive Finance Association will be hosting a roundtable on Jan. 9, 2013 in Tampa, Fla. The roundtable will explore in depth the effect the Consumer Financial Protection Bureau (CFPB) has on the non-prime auto financing market serviced by small to medium sized finance companies, which is becoming a major concern for many dealers. […]
Don Meadows, President and CEO of Auto Auction Services Corp. and one of the original founders of AutoIMS, died unexpectedly on Monday morning. Meadows has been known for making significant contribution and improvements to the way the auction industry and its institutional clients management vehicle inventory. His legacy is noteworthy for success and happiness in […]
Jonathan Banks Executive Automotive Analyst NADA Used Car Guide November used vehicle prices had predictable reaction following Hurricane Sandy; Market had seen 2.1% decline in month before hurricane and conditions improved in November to see 1% decline for the month; One point or $155 in depreciation was in line with NADA’s estimated lift of 0.5-to-1.5%. […]
Tom Webb Chief Economist Manheim Consulting November wholesale prices were flat, but the outcome depends on how you look at it; Rose by 0.6% w/ seasonal adjustment; Index stood at 122.6, 1% decline from year ago, 25% increase from bottoming out in December 2008 and 4% decline from all-time high reached in May 2011. Click […]