When it comes to smaller new-car segments, one of the trends at play in the slowdown is “an affordability issue,” says Autotrader senior analyst Michelle Krebs.  “There are just many consumers who are being frozen out of the new-car market,” Krebs said during the Q&A portion of sales day conference call with the media on […] [Read More]

They might not always appear on the driveway wrapped in a giant bow, but gifted cars — either to a loved one or one’s self — are a big deal. And millennials, it turns out, are the demographic most likely to be doing the gifting. According to eBay Motors’ just-released Holiday Automotive Gifting Survey, millennials […] [Read More]

Auto Remarketing and SubPrime Auto Finance News have announced the winner of this year’s Re3 Executive of the Year Award, which is being presented by Consolidated Asset Recovery Systems (CARS). The honoree who will be presented with the accolade at the Re3 Conference during Used Car Week is Jerry Shelby, who is the director of […] [Read More]

Vehicles in recent years have become better equipped and often contain more advanced technology, but while these upgrades might lead to higher MSRPs, they aren’t lifting prices in the auction lanes as late-model pre-owned units. The reason? Largely, there are so many of them. According to the latest Blue Book Market Report from Kelley Blue […] [Read More]

On Wednesday, the Consumer Financial Protection Bureau updated its compliance bulletin on service providers, which can include skip-tracers, repossession agents and other firms that provide assistance during the recovery process. According to what the CFPB published through the Federal Register, an amendment was needed to clarify that supervised entities have flexibility, allowing for appropriate risk […] [Read More]

Not only are millennials becoming a bigger chunk of today’s car shoppers, they are squashing some stereotypes in the process. Edmunds’ newly released Car Shopping and Gender Report reveals that the idea of the man as the confident decision maker and the woman as the clueless sidekick doesn’t hold so much weight these days. Of […] [Read More]

On Tuesday, Auto Financial Group — an online provider of innovative financing products for credit unions and banks — started to offer a vehicle leasing option in addition to its popular walk-away balloon loan program. The leasing option is available in nine states, with more states coming in the future. Dealerships can take advantage of […] [Read More]

DataMentors LLC, a provider of data-as-a-service (DaaS) and right time marketing, has launched an auto lease expiration data solution available through its Relevate Auto business line. Access to names and addresses of people whose auto leases are nearing expiration gives automotive marketers a unique data set to target consumers who may soon be in market […] [Read More]

With just saying the last names of the presidential candidates often triggering intense reactions, Swapalease.com on Tuesday released results of its 2016 Election & Cars survey, revealing interesting findings that show the differences in how the two parties view aspects of the automotive industry. When it comes to how the election might impact how dealers […] [Read More]

In an effort to bolster the collections industry, the ACA International board of directors recently adopted a revised version of the ACA Code of Conduct that applies to all association members. Officials explained ACA’s longstanding code has provided its members a firm foundation for industry engagement. The organization indicated the newly revised code is designed […] [Read More]