Allied Finance Adjusters now has a mobile app that’s designed to help member repossession agencies better connect with finance companies. Designed for Android, Apple and Microsoft mobile phones and tablets, the organization indicated this is a “true” app that has been developed and built specifically for Allied Finance Adjusters. “This is not an out-of-the-box, cookie-cutter […] [Read More]

Two automakers this week announced they had formed partnerships with popular ride-sharing providers. Toyota Financial Services announced a strategic investment in Uber that will allow Uber drivers to lease their vehicles through Toyota and cover their payments through their rideshare earnings. The Volkswagen Group, meanwhile, said it has made a $300 million investment Gett (formerly […] [Read More]

When NADA Used Car Guide released its Guidelines report earlier this month, it predicted that May prices on used vehicles up to 8 years old would fall 2.8 percent to 3.3 percent relative to April, with prices for the majority of mainstream segments expected to fall by 3 percent or more. It was a forecast similar […] [Read More]

According to data collected by J.D. Power and released Tuesday through its SafetyIQ program, consumer complaints about vehicle software have been growing steadily over the past several years, and 2016 is already on pace with the record-setting level of 2015. So far this year, J.D. Power determined that consumers have filed 202 formal complaints with […] [Read More]

There were 10.14 million used-vehicle retail sales in the first three months of the year, according to Edmunds.com, which said this was the best first quarter since 2012. It also beats year-ago figures by 3.4 percent, the company said in its Q1 2016 Used Vehicle Market Report released last week. Franchised dealers were particularly strong, […] [Read More]

The Enterprise Rent-A-Car Foundation has renewed its $1 million pledge to the American Red Cross’ Annual Disaster Giving Program. Additionally, the philanthropic arm of Enterprise has pledged $100,000 to the Canadian Red Cross to assist with relief efforts in the wake of the Fort McMurray, Alberta, wildfires. This second annual $1 million contribution to the […] [Read More]

The certified pre-owned vehicle market in the first three months of the year reached a combined tally of 646,390 sales, which Edmunds.com says is a first-quarter record.  The Q1 sum is also a 5.2-percent year-over-year increase, Edmunds reported in its Q1 Used Vehicle Market Report released Thursday. But the fact that CPO penetration of franchised dealer […] [Read More]

Here’s more data showing how much metal is rolling over the curb as leased vehicles nowadays. Experian Automotive reported on Thursday that open leases originated during the first quarter grew by 27.55 percent to an all-time high of $76.9 billion, up from $60.1 billion spotted during the previous year. According to the most recent State […] [Read More]

First-quarter retail used-car transaction prices have never been higher than they were in the opening three months of 2016, says Edmunds.com. Edmunds' Q1 2016 Used Car Market Report released Thursday morning said the average retail transaction price on a used car was $18,838, a first-quarter record. This is up 3.2 percent year-over-year, moving past 2015 figures […] [Read More]

When the first Kerrigan Auto Retail Index was released at the end of March, the report said it was a bit premature to call the seven-year up-cycle in auto retail stocks over, but noted the handwriting was clearly on the wall. “It is still too early to call the end of the cycle, but the public […] [Read More]