Two kinds of vehicles that might turn the quickest on your lots might have become a little more affordable at the sale you frequent. The latest Market Insights Report from Black Book noted a pair of vehicle segments sustained the largest price drops of 2018. Here’s how Anil Goyal, executive vice president operations for Black […] [Read More]

General Motors Financial rewarded dealers who were quick to acquire vehicles from the consignor with a speed-themed experience. Last month, 24 GM dealers from across the U.S. and Canada answered the challenge and won the trip of a lifetime in the fourth annual GMF Challenge. As top purchasers on GMF DealerSource over a two-month period […] [Read More]

Wholesale vehicles with dents, dings, squeaky wheels and other mechanical hiccups near the Alamo now can be buffed and repaired by Manheim more efficiently. To deliver a better way for clients to do business and prepare for their growing needs, Manheim recently invested $1.8 million in a new 11,000 square-foot mechanic shop for Manheim San […] [Read More]

After seeing data from the Federal Reserve, Swapalease.com expected its vehicle-lease transfer approval rate to improve in October. Site officials determined lease credit applicants registered a 70.9 percent approval rate in October, a slight rise from the September rate of 69.8 percent. The year-over-year improvement was much more robust as Swapalease.com mentioned just 55.6 percent […] [Read More]

Mingled within rounds of Thanksgiving feasts, consumers likely will be purchasing an array of items, confidently leveraging discounts from a variety of retailers. But when it comes to buying a vehicle during the holiday weekend, Capital One Auto Finance found that consumers aren’t as confident as they are when purchasing towels and televisions. Based on a […] [Read More]

When finance companies had an app for that, they scored better on the J.D. Power 2018 U.S. Consumer Financing Satisfaction Study. According to J.D. Power, a well-designed mobile app has become one of the most critical drivers of customer satisfaction with auto finance companies as a growing numbers of customers are interacting with their finance […] [Read More]

Off Lease Only — among the Top 100 independent dealers highlighted this past summer in Auto Remarketing — is making its inventory of more than 6,500 vehicles easier to find in seven new online markets. Now customers who search for a specific vehicle via Cars.com will have Off Lease Only vehicles automatically pop up in […] [Read More]

A company with its roots in the buy-here, pay-here space is continuing to expand an artificial intelligence-powered financial services platform serving Hispanic consumers. Tricolor recently announced an exclusive agreement with Phenx Machine Learning Technologies. In early testing, Tricolor’s newly AI-enabled algorithm demonstrated enhanced underwriting accuracy and the ability to rapidly scale to score massive amounts […] [Read More]

Auto finance defaults rose for just the second time this year in October. But the 3-basis point rise is only a fraction of the largest uptick analysts from S&P Dow Jones Indices and Experian have seen during the past 36 months. Data through October for the S&P/Experian Consumer Credit Default Indices showed the auto-finance reading […] [Read More]

The International Automotive Remarketers Alliance had a golf outing planned for its 2018 IARA Summer Roundtable in August, and decided to use the event to honor Ken Osborn, the late general manager of ADESA Dallas who passed away early this year, and dedicate the net proceeds in his memory. Less than two months later, that […] [Read More]