Sales-wise, there wasn’t much growth to speak of in the used-car market during June. And there weren’t as many shoppers. But the money — now, that was much better. CNW Research said that based on the transaction prices it tracks, there was a 17.3-percent year-over-year increase in the total value of used-vehicles sold last month […] [Read More]

Findings from the 2014 Collection Agency Operations and Technology Survey BillingTree emphasized two points about how agencies of all sizes are looking to enhance their operation. The survey showed agencies are contemplating higher adoption rates of technology to meet the demand for consumer choice while achieving their business goals of reducing overall operational costs and […] [Read More]

When it comes to the hottest used-car models among consumers, the name of the game appears to be reliability. That’s according to Kelley Blue Book, which provided Auto Remarketing with a list of the 25 most sought-after used vehicles on its website, and an explanation as to why the handful of cars at the top […] [Read More]

As summertime really heats up with Fourth of July coming later this week, Manheim chief economist Tom Webb again addressed the question of how changing gas prices are going to influence the wholesale and retail markets. The latest query came in light of tension resurfacing in Iraq not having a dramatic impact at the pump […] [Read More]

For both dealers and finance companies, the cost of being compliant is on the rise. Recent reports and reprimands are giving concrete financial figures to what making installment loans attached to vehicles entails nowadays. Before getting into those numbers, Rick Hackett touched on the reason why compliance is such an important — and consequently costly […] [Read More]

ACA International, the Association of Credit and Collection Professionals, recapped a recent decision by the Ninth Circuit Court of Appeals that determined a consumer had standing to assert claims based on collection letters he did not receive. Officials explained the court arrived at its decision because the alleged violation of the plaintiff’s statutory right not […] [Read More]

Along with making its projection for this month’s new-vehicle sales total, Kelley Blue Book revealed this year’s list of what editors believe are the 10 Coolest Cars Under $18,000. Headlining this year’s group, along with being featured on KBB’s annual affordable “cool cars” list every year of the vehicle’s 11-year existence, was the redesigned Mazda3. […] [Read More]

More applicants who already have a large amount of debt are taking a toll on approval levels at Swapalease.com. Site officials reported on Wednesday that lease credit approvals during the month of May came in at 60.6 percent — the lowest monthly level of the year and down from January when the approvals rate stood […] [Read More]

The litany of recalls at General Motors this year may wind up costing the automaker a great deal financially, but GM’s stores may actually realize some pretty nice gains — including attractive offers on the dealership buy-sell front. Haig Partners, which released The Blue Sky Report for the first quarter of 2014 on Wednesday, has […] [Read More]

Private dealership groups accounted for more than 83 percent of the dealership acquisitions in the first quarter, but public groups may be showing signs of growth, albeit modest and with caution. That’s according to The Kerrigan Quarterly Blue Sky Report released this week, which said overall buy/sell activity among U.S. dealerships shot up 60 percent […] [Read More]