In the midst of the holiday break, analysts from S&P Dow Jones Indices and Experian released an update on auto finance defaults through November. Fortunately, what they spotted shouldn’t give the industry an unwanted jolt to start regular business operations again now that it’s 2018. The auto finance portion of the S&P/Experian Consumer Credit Default […] [Read More]

The entire team at Auto Remarketing, Auto Remarketing Canada, SubPrime Auto Finance News, BHPH Report and all of Cherokee Media Group wishes you a safe and happy holiday season and best wishes for the new year. This issue of Auto Remarketing Today PM will be the final regularly scheduled e-newsletter from our team in 2017 before we take a holiday break. […] [Read More]

ProMax recently announced that it has integrated GM Vehicle Pricing Service (VPS) features into its customer relationship management software. GM franchise dealers on ProMax can now access GM VPS features directly from within the platform. The new integration follows the company’s previous GM data integration with the brand's Dealer Customer Data Exchange (DCDE) earlier this year. “This […] [Read More]

DealerStar announced Thursday that it has completed a new dealer management software integration with Ford that includes over 13 applications relating to warranty claim submissions, financial statements, parts orders and vehicle history. The integration now allows DealerStar DMS users to interact with Ford without having to leave the DMS app. “Older DMS systems require the users to […] [Read More]

As 2017 wound down, Black Book wanted to make a unique comparison. The editorial team looked at how much of an impact Hurricanes Harvey and Irma placed on vehicle prices and the ability to retain values against an incident where a similar amount of used units left the market. The comparative occurrence came eight years […] [Read More]

Manheim hosted its first open digital block sale for BMW Financial Services via Simulcast from BMW’s Performance Center in Thermal, Calif., last month. Dealer participants both onsite and online could preview and bid on 174 luxury vehicles sourced from Manheim Riverside, Manheim San Francisco and Manheim Nevada. One hundred and twenty-nine clients participated digitally, and roughly […] [Read More]

While pinpointing six potential benefits, NextGear Capital on Thursday launched a multi-channel funding portal to offer customers its custom point-of-sale inventory financing solutions. Cox Automotive Canada’s financial services brand highlighted this portal will be available through NextGear Capital’s digital auction partners, including EBlock, TradeHelper and Otolane. “Bringing together these three leading online auctions on a […] [Read More]

The days of needing a black-ink pen to finalize auto financing documents appear to be dwindling. RouteOne announced this week that it has successfully processed what the company claims is the automotive finance industry’s first remotely captured, electronic customer signature on an indirect finance contract. RouteOne insisted this advancement further enables dealers and finance sources […] [Read More]

More than two-and-a-half years after the suit was filed, TrueCar and the California New Car Dealers Association have settled the litigation between the two parties. In a statement released Thursday afternoon, TrueCar said as part of the resolution, its billing model in California will transition to a flat-fee subscription model — as opposed to the […] [Read More]

The last Oldsmobile ever built will go to the highest bidder today. Over a decade after its debut at the Lansing Assembly Plant in April 2004, General Motors and General Motors Financial have decided to sell the vehicle, along with two other commemorative models after their stay at the GM Heritage Center. “Every year a group […] [Read More]