The retention value of 4-year-old vehicles has reached an all-time high for the second year in a row, according to the 2018 edition of the Canadian Black Book Retained Value Awards released this week. Four-year-old vehicles are retaining 53 percent of their original MSRP, Canadian Black Book said, beating the record level (51 percent) from […] [Read More]

Reading headlines from major media outlets this past summer, it might seem as though auto finance companies didn’t understand the importance of verifying income and employment information provided by applicants. Everything was written from auto finance companies being fraudsters to the auto industry being the harbinger for the next recession. However, the headlines largely got […] [Read More]

Senior executives at captive auto finance companies from around the globe recently gathered to discuss and debate the latest developments in FinTech in the auto finance industry at White Clarke Group’s third Auto Captives Summit held at The Shard, London in late January. The Auto Captives Summit 2018 centered on providing attendees with real-world examples for […] [Read More]

HGreg.com announced Wednesday that it has opened HGreg.com Broward, its third location in Florida that includes a 28,515-square-foot building, along with more than 400 cars on a four-acre lot. The company said it will employ up to around 80 full- and part-time employees at the new location. HGreg.com belongs to the HGregoire network of new- […] [Read More]

CarStory announced Thursday that its CarStory Market Reports for used-vehicle insights are now available to all Ford and Lincoln dealers with a FordDirect website at no charge. Ford and Lincoln dealers have access to CarStory's proprietary vehicle and market analytics tool, which uses the industry's largest set of inventory and shopper insights, according to the company. […] [Read More]

Industry experts like Swapalease.com executive vice president Scot Hall are trying to get a handle on the used-vehicle market — a segment that will be influenced by interest rates expected to continually increase in 2018, despite the recent stock market sell-off, and wholesale prices continuing to fall this year, mostly due to rising supply. Sharing additional […] [Read More]

Perhaps not to the surprise level of a woman being given an engagement ring on Valentine’s Day, but some wholesale market observers might slightly raise their collective eyebrow about current car prices. Based on data generated during the early stages of the spring selling season, Black Book noticed that cars holding retention better than trucks. […] [Read More]

In what certainly comes as good news given how many of these vehicles are resurfacing in the used-car market — particularly as off-lease units — J.D. Power reported that overall dependability of 3-year-old vehicles is up 9 percent year-over-year. And the dependability of vehicles is “without question, at its best level ever,” a company executive said. […] [Read More]

On Wednesday, Pearl Technology Holdings introduced its newly enhanced VehicleXchange (VX) marketing platform that's been redesigned to give users an easy-to-use daily workflow on both desktop and mobile devices. VX is now integrated with three other Pearl subsidiaries and several CRM functions have also been incorporated into the redesigned application. The addition of ShowroomXpress (SRX), […] [Read More]

This week, Mark Neeb officially became the chief executive officer of ACA International, the Association of Credit and Collection Professionals. Neeb brings to the association nearly 40 years of corporate strategy experience, including 28 years specifically working in the credit and collection industry. He is intimately familiar with ACA International, having been a member for many […] [Read More]