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]

If a shopper brings a truck in on trade, chances are likely — especially this year — that he or she will buy another truck. According to Edmunds.com, 74 percent of truck trade-ins through three quarters of 2016 have resulted in the customer buying another truck. Edmunds began tracking trade-in data in 2005 and said […] [Read More]

The zombies are here. Except instead of two legs, they have four wheels. We’re talking about zombie cars — discontinued makes and models that are coming back to life. CarGurus has dug through its “data graveyard” and compiled a list of discontinued vehicles for which consumer interest has steadily increased since 2014. According to CarGurus’ […] [Read More]

Ford Motor Credit Co. is extending payment allowances for customers affected by recent flooding in the Southeast. The company’s disaster relief program allows qualified customers to delay one or two monthly payments, then resume their regular payment schedules when their situations improve. “We care about our customers and want to help them, especially in times […] [Read More]