As dealers gauged availability of credit for subprime buyers and experienced jumps in F&I gross profit per unit, a total of 60 percent of the respondents who participated in the Monthly Dealer Survey orchestrated by KeyBanc Capital Markets saw an increase in used-vehicle sales volume during the second quarter. What sparked the positive developments? The […] [Read More]

When Black Book Lender Solutions analyzed historical vehicle segment data and developed projected retention levels for the next 12 to 24 months, three specific kinds of units distinguished themselves from the 24 individual categories. Those three segments included compact cars, midsize cars and full-size pickups. These three model categories pushed the overall retention readings to […] [Read More]

Commercial demand evidently isn’t the only trigger for pickup interest, as a new report by Jumpstart Automotive Group showed interest among online vehicle shoppers for trucks — especially small models — are at levels not seen in five years. Jumpstart examined its portfolio of sites — including Car and Driver, U.S. News Automotive, J.D. Power […] [Read More]

Earlier this week, IHS completed its acquisition of R.L. Polk & Co., including Carfax, through a deal first announced on June 9 and closed on Monday. IHS president and chief executive officer Scott Key reiterated this week that the combination of Polk with IHS Automotive is designed to create a comprehensive capability that will significantly […] [Read More]

According to June’s TradeTracker Used Vehicle Market Report, the Ford F150 is back on top as the No. 1 most appraised vehicle in Canada during June, after being ousted from the spot in May when the Mazda 3 topped the charts. These reports are provided monthly to Auto Remarketing Canada and are a result of […] [Read More]

This morning, Contact At Once is releasing a list of the 20 vehicles that shoppers have mentioned the most in their online chats with dealers this year. The leader of the pack? The Toyota Camry. The company’s semi-annual list of Most Chatted About Vehicles is based on 3.2 million chats hosted between consumers and dealerships […] [Read More]

Richard Cordray is staying as director of the Consumer Financial Protection Bureau, the agency that has been intensifying its regulation of vehicle financing since the spring. The U.S. Senate confirmed Cordray to remain at the position late Tuesday, stirring mostly positive reaction from industry associations as well as lawmakers who wanted the vote taken much […] [Read More]

Confirmation of Richard Cordray remaining director of the Consumer Financial Protection Bureau advanced on Tuesday as the U.S. Senate voted in favor of cloture being invoked, meaning debate had to end and a final vote to keep him at the post needed to be completed. As of press time, that vote to confirm Cordray had […] [Read More]

Along with selecting its outside legal counsel, Recovery Industry Services Co. recently formed the RISC Compliant Agent Network (RISC CAN). RISC highlighted membership is open to any professional collateral recovery agency owner who can meet the stringent requirements of the firm’s network and adhere to the RISC Code of Ethics. The company is out to […] [Read More]

The brands that saw the biggest surges in consumer interest this past month ranged the gamut from luxury to rugged, domestic and import. Topping the list for the biggest increase in consumer activity in June for used models is Buick, which notched a 7-percent year-over-year increase, according to NADAguides.com data provided in the latest Guidelines […] [Read More]