The amount of outstanding deep subprime paper slid to an all time low during the second quarter, according to Experian’s State of the Automotive Finance Market report released on Thursday. Analysts discovered deep subprime softened to an all-time low of 3.54 percent of the $1.149 trillion that Experian tabulated to be the total amount of […] [Read More]

If your franchised dealership sits among a total of eight rooftops within a span shorter than a test drive, experts say that at least one operation — perhaps where you sit now — has gained new ownership during the past four years. And it appears that buy/sell pace could intensify. Kerrigan Advisors pointed to a […] [Read More]

A newly developed data-driven management reporting application that is designed to provide dealers with usable information to boost operational profits and efficiencies is now available. Manage by the Numbers (MBTN) Solutions announced Wednesday the release of its “Game Plan” app for dealers, which was created to help dealers succeed in key three areas that the company said most […] [Read More]

Two providers of car subscriptions services that are, in some form or fashion, associated with Cox Automotive have some new partners. Flexdrive, which is a joint venture between Cox Automotive and ARI, will be the car subscription platform provider for Virginia-based dealer group Duncan Automotive Network, as part of a partnership announced Tuesday. The Duncan […] [Read More]

ADESA is looking to make returning a vehicle back to the auction as easy as what dealers might experience when those shoes or pants just don’t fit correctly. On Wednesday, the business unit of KAR Auction Services, launched a new return guarantee product called ADESA Assurance. The company highlighted the new service can allow participating […] [Read More]

While still higher year-over-year, the amount of money it took to get vehicles financed in July was nearly flat compared to the opening month of summer. According to Cox Automotive Canada’s Dealertrack Top 10 Funded Used Vehicles index, the average cash prices of those units rose 2.4 percent year-over-year in July. Based on prices recorded […] [Read More]

Drivers residing in four Midwest markets can now buy a car online and arrange for its delivery straight to their home or office. Carvana announced Wednesday that it has expanded its free, as-soon-as-next-day vehicle delivery service to include residents of the Michigan cities of Grand Rapids, Lansing and Flint, and of Fort Wayne, Ind. The used-car retailer's growth in Michigan and […] [Read More]

Black Book explained why used-car managers should not get frustrated when they see new utility vehicles frequently rolling over the curb on the new side of their dealerships. Turns out, those cars lined up in used inventory are a pretty valuable asset nowadays. This week’s Market Insights report from Black Book illustrated the continued support […] [Read More]

Rather than further diversify its portfolio, Ally Financial announced on Wednesday that it will condense its sphere. In an effort to leverage its strengths, better optimize capital allocation and provide even more focused dealer support, Ally said it is taking strategic actions that will enable it to concentrate more on its core business operations. The […] [Read More]

Two service providers perhaps already being leveraged at your store now are working together to help you turn more financed deliveries. This week, Auto/Mate Dealership Systems integrated its dealership management system (DMS) with ProMax, a leading supplier of retail automotive CRM/ILM, desking, credit and compliance software. The companies highlighted that dealers using both Auto/Mate and […] [Read More]