Service provider WebRecon determined auto financing filings still only represented a small amount of the complaints recently sent to the Consumer Financial Protection Bureau. WebRecon chief executive officer Jack Gordon examined the regulator’s database and found the CFPB received 3,443 complaints associated with debt collection in July. That total amount represented a 2.1-percent decline on […] [Read More]

With just nine weeks to go until this year’s conference series kicks off, Used Car Week continues to build momentum. In addition to the debut of the sneak peek webinar series for the event (hosted by advertising extraordinaire Paul Potratz), our conferences team has been busy adding new sponsors for Used Car Week. Among those recently […] [Read More]

Millennials accounted for just under 17 percent of the used-car market in the first half of the year, according to Edmunds.com analysis of Polk registration data. But there are some pre-owned models in which millennials represent a larger slice of the pie. And several of those, interestingly enough, are actually discontinued models. Edmunds shared these […] [Read More]

Car Lister, a Web application that can allow dealers and consumers to list, buy and sell new and used vehicles directly from their mobile device, announced a partnership on Wednesday with eLEND Solutions to integrate its online credit application product into the platform. The companies explained that the partnership will provide Car Lister’s network of […] [Read More]

It appears as though OEMs and dealers may be missing some potential co-op marketing opportunities to reach the same potential customers. That’s according to Netsertive’s recent survey findings in “Kick Automotive Co-Op Into High Gear: Optimizing OEM Dollars for Video and Mobile Marketing,” which shows the discrepancy where dealers and OEMs prefer to spend their advertising dollars. “While […] [Read More]

Women visit 30 percent more dealerships than men prior to buying a car, according to a Women-Drivers.com study. Several reasons contribute to this difference. In a recent report from Kelley Blue Book, women are twice as likely as men to be undecided about which car they really want. Added to this is the fact that […] [Read More]

It’s that time of year again: the next generation is headed back to school and their variety of before- and after-school activities. Parents, family and friends looking at upgrading their vehicles will have this in mind this time of year, so Steve Halloran, the chief editor at CarGurus, has announced his company’s recommendations for them […] [Read More]

Joining the journey first started by ACA International, the U.S. Chamber of Commerce as well as the Consumer Bankers Association, recently filed petitions for review in the U.S. Court of Appeals for the D.C. Circuit, challenging several aspects of a declaratory ruling and order issued by the Federal Communications Commission this summer that officials believe […] [Read More]

The vehicle recovery sector of the automotive business is arguably one of the most difficult areas of the industry to navigate. The lines cross between areas such as financial compliance and consumer protection, with state and federal regulations governing every step of the way. As part of our inaugural Remarketing & Used-Car Industry’s 40 Under […] [Read More]

Three other factors besides vehicle dependability triggered a 34-percent spike during the past 12 years in the average time for a new vehicle to enter the used market for the first time. According to the latest report from the Used Car Guide division of J.D. Power, that average time moved from 48.2 months in 2003 […] [Read More]