Prices Surge for Used Compact Cars

Intense demand for compact cars has sent sales volume — and pricing — higher, even on pre-owned inventory. During June, the wholesale prices of used compact cars increased about $300 to $7,376, according to ADESA Inc. statistics. Within the pre-owned market, dealers are selling compact cars well beyond their Blue Book assessed values and making […]
  • Auto Finance News
  • August 11, 2008
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Lenders Beware: Floorplan Troubles Loom

Auto lenders have been taking it on the chin for months now, and it seems things will get worse before they get better. So far, financiers have largely blamed their woes on high gas prices, a tough economy, and higher-than-expected residual losses. But in the next few months, troubles related to dealer floorplans will begin […]
  • Auto Finance News
  • August 8, 2008
  • Archives

European Auto Finance Mirrors U.S. Market

The auto finance market across the Atlantic looks strikingly similar to the one in the United States. Sales of sport utility vehicles are plummeting, lenders are scrutinizing dealer performance, and auto retailers are laying off employees. Check out this sampling of items from the most recent issue of Motor Finance magazine: • Parker’s Car Price […]
  • Auto Finance News
  • August 5, 2008
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Current employment opportunities at Navigator Acceptance and Dealer Group

Navigator Holdings, LLC (“Navigator”) owns and operates 11 independent automobile dealerships (“Navigator Dealer Group LLC”) and a captive finance company (“Navigator Acceptance LLC”). Our dealerships specialize in selling transportation and utility vehicles and are conveniently located throughout the states of Georgia and Indiana. The talent and passion of our people are critical to our success. […]
  • Auto Finance News
  • August 5, 2008
  • Archives

Navigator Holdings Rescues Manchester, Inc.

Navigator Holdings Rescues Manchester, Inc. ATLANTA (August 5) – When the economy made its downturn, finance companies were forced to change their business models or quickly fade away. Such was the case with Manchester, Inc., an automobile finance company that was unable to adjust to the rapidly changing economic conditions and was forced into bankruptcy. […]
  • Auto Finance News
  • August 5, 2008
  • Archives

Hummer Sales Sputter Despite Heavy Incentives

No-interest financing has lost its muscle as far as General Motors Corp.’s Hummers are concerned. Hummer buyers are increasingly opting for GM’s cash rebates on the vehicles — or forgoing the purchase altogether, dealers told Auto Finance News. “Hummer has a perception of being a gas-hog and not environmentally friendly, so it has two things […]
  • Auto Finance News
  • August 4, 2008
  • Archives

Sales of Small Cars Surge With Rising Fuel Prices

Intense demand for compact cars has sent sales volume — and pricing — higher, even on pre-owned inventory. According to ADESA Inc.’s statistics, the wholesale prices of used compact cars increased from May to June of this year by approximately $300 to $7,376. The automotive industry has seen a surge in the compact car market […]
  • Auto Finance News
  • August 4, 2008
  • Archives

Incentive Intentions Absent From GM’s Turnaround Plan

Though General Motors Corp.’s overall incentive strategy will remain intact despite the automaker’s latest liquidity-building initiative, industry players are split on whether rebates and special financing deals will increase. “There will be no change in GM’s strategy for incentives,” company spokesman Randy Arickx told Auto Finance News. “Market dynamics [will continue to] influence things more […]
  • Auto Finance News
  • August 4, 2008
  • Archives
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