KAR Global shared its July wholesale price data on Thursday, reiterating how the coronavirus pandemic is making its metrics unusual compared to what dealers and consignors typically see during the summertime. According to KAR Global Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, wholesale prices in July averaged $13,375, representing […] [Read More]

AutoFi says more than 10% of franchised dealerships now use its digital car sales and finance platform, as the fintech firm has enjoyed client growth of more than 125% so far this year. With the coronavirus pandemic forcing dealers and finance companies to adopt more online practices to keep vehicles rolling over the curb and […] [Read More]

JM&A Group and MileOne Autogroup first began a relationship back in 2005; two years before Apple introduced the iPhone. Now with smartphones prevalent and online activities commonplace, the independent provider of F&I products and the dealer group recently expanded their 15-year partnership  to include the retailer’s new virtual F&I model. Describing itself as “pioneers” in […] [Read More]

Skipco Auto Auction recently conducted its own version of when a movie director announces, “Lights! Camera! Action!” SAA served as a service provider for federal authorities who looked to recovery money stemming from famous movie vehicles included in a $43 million Medicaid fraud case in Youngstown, Ohio. SAA sold nearly $500,000 in special vehicles that […] [Read More]

When it comes to the pre-owned vehicles that are retaining their values the best, the pickup truck segment is leading the pack these days. Or as the lead analyst from Edmunds puts it, used pickups are having a “moment in the spotlight.” An analysis the company conducted in July examined all 2017 model-year trade-ins for […] [Read More]

Protective Asset Protection is serving up a six pack for dealerships. While the stress triggered by COVID-19 might merit popular beverages that oftentimes come in packages of six, the provider of F&I programs, services and dealer owned warranty company programs announced this week that it has made available a new series of pre-recorded educational training […] [Read More]

Not only are finance-company leaders likely are thinking of the health of themselves as well as well their family, friends, employees and customers, but also the condition of their outstanding portfolio. In an attempt to aid the status of the last segment on that list, Wolters Kluwer’s Lien Solutions is hosting an informational webinar on […] [Read More]

The all-digital Auto Intel Summit wraps up Friday with a day of sessions on auto innovation, digital retail and the role of venture capital in auto technology. The day begins at 11 a.m. (ET) with a panel discussion titled, “The Auto Intel Council Explores the Edge of Auto Innovation.” Moderated by Auto Remarketing senior editor […] [Read More]

In what one observer described as a policymaker trying “to avoid mistakes of the past,” the Federal Reserve gave an update about how it plans to craft its actions for the next five years. Following an extensive review that included numerous public events across the country, the Federal Open Market Committee (FOMC) on Thursday announced […] [Read More]

One of the firms that buy-here, pay-here dealers use to bolster its financing options expanded its presence this week via an acquisition. Buckeye Dealership Consulting, a provider of reinsurance and F&I products for independent operators, announced it has acquired Specialty Administration Services (SAS Pros), a provider of contract administration for automotive, RV, heavy truck and […] [Read More]