ALS Resolvion, a national provider of loss mitigation management services to the auto and commercial finance industry, announced this week that the company has been recognized by the Atlanta chapter of the Association of Corporate Growth (ACG) as one of the Top 40 Fastest Growing Companies in Georgia within ACG’s middle market category. The company […] [Read More]

The dog days of summer are here. The typical BHPH dealer will sell 30 percent to 35 percent of their annual units in the first three months of the year. They will also realize about the same percentage of their annual profit in the first quarter. So, if you got off to a slow start […] [Read More]

Used-vehicle leasing may be having a moment. According to a recent survey by Swapalease.com, 78.7 percent of drivers would consider leasing a used car or truck, and 74 percent of dealers indicated that used lease offers may help or definitely would help move the influx of leases coming back onto their lots. A majority of drivers (75 […] [Read More]

When CarGurus launched its Deal Ratings Badges program that lets dealers display vehicle price endorsements from CarGurus on their own websites, the company shared an interesting statistic about third-party market-value verification and car-shopping. Seventy-eight percent of 2,000 in-market car shoppers surveyed by CarGurus said they would not make a used-car purchase until they view independent, […] [Read More]

Once an SUV owner, always an SUV owner? Maybe not quite. But a recent study by business information provider IHS Automotive revealed that 63 percent of SUV/CUV owners who returned to the market for a new vehicle during the first quarter of 2016 purchased another SUV or CUV. The figures were pulled from an analysis […] [Read More]

A new survey from AutoMD.com indicated that the lengthening vehicle ownership cycle is impacting vehicle purchasing. Conducted online among more than 1,000 vehicle owners, the survey revealed that 59 percent of participants who said they planned to purchase within six months would be opting for a pre-owned vehicle, with three quarters saying that their purchase decision […] [Read More]

Midsize cars and compact cars combined to make up more than two-fifths of certified pre-owned sales in the first quarter, according to Edmunds.com. In the company’s Q1 Used Vehicle Market Report released last week, these two vehicle types led the list of 10 largest CPO segments, with midsize cars claiming a 21.1-percent share of the […] [Read More]

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]