Instead of dealers walking around with wads of cash in their pockets to give to potential car buyers and service drive customers, findings from a recent study conducted by daVinci Payments described different approaches dealerships could be using. The study found that customers in the market for a new vehicle can be significantly incentivized to […] [Read More]

Automotive Personnel founder and chief executive officer Don Jasensky addressed what he believes is the most common hiring mistake employers make. The National Automotive Finance Association board member discussed when dealerships and finance companies might pass on a potentially high performing candidate because the individual did not “blow you away” or “show a lot of […] [Read More]

A “long time ago” and before his days with Apple, Steve Wozniak had a Jaguar. “And it broke down a lot. Things were broken on it a lot,” Wozniak told a group of reporters at J.D. Power’s Auto Revolution conference here last week. “And I took it into the dealer and instantly, every time, they […] [Read More]

TechForce Foundation and America’s Automotive Trust say their new alliance focuses on programming that does two things. First, the programming celebrates the past, present and future of mobility. And second, it inspires future generations of students to consider a career path in automotive technology. TechForce Foundation works to guide students to and through their technical […] [Read More]

Mike Hanna says his company’s platform “geo-automates complex reconditioning tasks.” “Our platform basically puts vehicle recon on ‘autopilot,’” said Hanna, who is chief executive officer of TrueSpot, a new Internet of Things asset location platform. Last week, the company announced the commercial launch of TrueRecon, a reconditioning tracking platform for auto dealers. TrueSpot said it […] [Read More]

In his new position as senior vice president of sales and customer success for TapClassifieds, Mark Salcido will lead the company’s overall sales strategy and development, with a goal of boosting the company’s automotive digital marketing market presence. TapClassifieds, which describes itself as a digital marketing platform that can help automotive dealers “reach and engage […] [Read More]

Swapalease.com reported the highest number of credit approvals for vehicle-lease transfers in nearly three years. Site officials said this week that the approval rate in September came in at 72.9%, representing a 4% increase from the August rate of 68.9%. The last time credit approvals on Swapalease.com rose higher than 72.9% was in March 2016 when […] [Read More]

The last time Black Book saw a weekly wholesale price decline this significant, individuals might have still had their New Year’s resolutions top of mind. And decreases might intensify as Black Book’s newest Market Insights report showed declines for both cars and trucks at much higher levels than the previous four-week averages. “Used-vehicle values experienced […] [Read More]

Advantage GPS says it’s found a solution upgrade to help with one of the most tedious tasks for buy-here, pay-here dealers and finance companies that often participate in the subprime space. On Tuesday, the Procon Analytics company that looks to capture and translate raw data into actionable business intelligence to assist in the mitigation of […] [Read More]

While enhancements in auto financing certainly have been made over the years, a pair of surveys orchestrated by Inovatec Systems Corp., revealed areas where improvements still could be made for the benefit of finance companies and consumers. This week, Inovatec began with the results from its latest survey that touched on consumer pain points associated […] [Read More]