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NewsMarch 26, 2009

Insurance Auto Auctions Leads Amending Utah Legislation

WESTCHESTER, IL – Insurance Auto Auctions, Inc., a North American automotive and specialty vehicle salvage auction company, announced the passing of Utah Senate Bill 193.

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NewsMarch 26, 2009

Flint Auto Auction Named General Motors Auction of the Year for 2nd Straight Year

FLINT, MI – For the second year running, General Motors has recognized the Flint Auto Auction as winner of its most prestigious honor for its auction partners - the Auction of the Year Award.

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NewsMarch 26, 2009

OPENLANE Releases Market Index; Wholesale Prices Continue Strong

MENLO PARK, CA –OPENLANE released its March Market Index March 16, which showed price improvements among cars, trucks, minivans, and SUVs.

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NewsMarch 26, 2009

Recovering Residual Truck Values Tied to Auto ABS Ratings

TORONTO — The recovery of used auction prices across several vehicle segments — especially trucks and SUVs — is a positive development for auto ABS.

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NewsMarch 26, 2009

Fireside Bank to Cease Originations, Exits Auto Finance

PLEASANTON, CA – Unitrin Inc. has announced plans to shelve Fireside Bank, the company's subprime auto finance unit. Fireside will cease originations immediately and collect and service its existing portfolio in-house.

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NewsMarch 26, 2009

Some New Cars Now Less Expensive Than Used Cars, Edmunds.com Reports

SANTA MONICA, CA – The deals on some new cars are so generous that they actually make the new car less expensive than the one-year-old used version of the same model.

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NewsMarch 20, 2009

U-Haul to Remarket 13,000 Trucks

PHOENIX – The introduction of a new fleet of moving vans has resulted in U-Haul selling thousands of off-rental vehicles to the public. The targeted market is small-business owners looking for a vehicle that is reliable, affordable, and ready to go to work.

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NewsMarch 20, 2009

Experian: 60-Day Delinquencies Up 17 Percent in 4Q

COSTA MESA, CA — A new report from Experian Automotive found U.S. car loans 60 days past due jumped 17 percent year-over-year in the fourth quarter of 2008, threatening further restrictions on subprime automotive finance.

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NewsMarch 20, 2009

Black Book Editor Completes IARA CAR Certification Program

MT. ARLINGTON, ST – The IARA announced Ricky Beggs, vice president, managing editor, Black Book, completed the IARA CAR Certification Program while attending CAR2009 in February.

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NewsMarch 20, 2009

Auto Delinquencies Becoming More Predictable, Says TransUnion

CHICAGO – Pete Turek wasn't surprised by his company's report on fourth-quarter 2008 delinquency rates, which showed year-over-year increases. In fact, the senior executive at TransUnion said the numbers are becoming more predictable.

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