A new pilot program could help dealers integrate data science, predictive analytics and machine learning into the remarketing process to help save time and possibly increase sales margins and cash flow. KAR Auction Services has launched a pilot program for its Data as a Service (DaaS) suite of capabilities. KAR in 2017 acquired DRIVIN, which powers […] [Read More]

It’s a dream customer for dealers — the one who not only purchases a vehicle from the dealership, but also visits the same dealership repeatedly to have that vehicle serviced, and then eventually sells the vehicle back to that dealer. A new CARFAX program helps dealerships earn more of those loyal customers. CARFAX for Life rewards those […] [Read More]

Black Book is seeing a stable start to auction activity this month. The newest Market Insights Report showed prices for both cars and trucks softened at the same rate last week as Black Book lane watchers shared observations that aligned with the data editors compiled. Black Book reported that overall car segment values on a […] [Read More]

Additional products sold to buyers during the financing process along with their terms and conditions continue to create issues for servicemembers, according to the newest report from the Consumer Financial Protection Bureau. The agency’s Office of Servicemember Affairs (OSA) monitors and analyzes complaints from servicemembers, veterans and military families. The regulator released its annual report […] [Read More]

Now that the government shutdown has been halted until at least Feb. 15, the Internal Revenue Service announced on Monday that it successfully opened the 2019 tax-filing season as the agency started accepting and processing federal tax returns for tax year 2018. Despite the major tax law changes made by the Tax Cuts and Jobs […] [Read More]

A financial services organization already with a long-standing relationship with NIADA recently expanded the partnership. Home Loan Investment Bank, whose auto finance division offers a Preferred Dealer Referral Program to independent dealers throughout the country, has joined with the National Independent Automobile Dealers Association as its newest Bronze-level National Corporate Partner. “Home Loan works with […] [Read More]

Honda and car-sharing network, Zipcar, say that they are continuing to expand and test new mobility programs to help consumers get around easier. The two companies announced an expansion of their mobility partnership on Monday, with a goal to achieve what they see as increased access to car sharing in California and Ohio. The expansion […] [Read More]

In the third of six panel discussions recorded at Used Car Week 2018, Nick Zulovich talks with top analysts from J.D. Power, Black Book, ALG and Kelley Blue Book about the off-lease impact on used-car values, residual value forecasting and more. The full discussion can be found below. And stay tuned for more podcasts recorded live during […] [Read More]

As the wholesale price experts from KAR Auction Services and J.D. Power Valuation Services saw December metrics move in similar different directions to close 2018, they also agree that prices are likely to dip somewhat as this year continues. According to ADESA Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, prices […] [Read More]

With the vehicle-financing process in constant evolution, the demand for dealerships and finance companies to handle consumer concerns is growing, too. A new commissioned study conducted by Jabian Consulting on behalf of Equifax confirmed that dealers and finance companies alike believe more consumer education, access to data and faster processes will help enhance the vehicle-buying […] [Read More]