If your shop is struggling with originating quality paper or keeping customers current, perhaps here’s some good news. The opinions of business leaders including company chief executive officers, directors, chairmen and presidents highlighted in White Clarke Group’s new U.S. Auto & Equipment Finance Survey 2017 paint a detailed picture of a developing and dynamic market. […] [Read More]

Recovery Industry Services Co. (RISC) recently reached a new threshold of industry professionals completing its Certified Asset Recovery Specialist (CARS) and CARS-FC certification program. Since it was launched in 2002, RISC tabulated that it has certified more than 10,000 individuals through its recovery agent training offering that is geared to meet the demands an ever-increasing […] [Read More]

With the best third quarter ever and a sales increase of more than 6 percent in September, the certified pre-owned market passed the 2 million unit sales mark for the year. The market remains ahead of the 2016 pace by one percent, meaning another record year is likely in the works.  Autodata Corp., which released updated CPO sales […] [Read More]

When it comes to the used-car market in India, it’s a bit “complicated,” a report from IndianBlueBook.com shows. There are 1.1 million used-car sales between consumers and other consumers each year, and then 2.1 million business-to-consumer sales divided between what the company called organized dealers (400,000), semi-organized dealers (500,000) and unorganized dealers (1.2 million), according to […] [Read More]

Florida-based AutoBuy now has eight locations since opening two new locations in respective partnerships with ADESA and Manheim, the company announced Tuesday. The new AutoBuy in Sanford, Fla. (which was launched in partnership with ADESA) and AutoBuy Orlando (launched in partnership with Manheim) have increased AutoBuy’s buy/sell capacity by more than 40 percent, according to the company. “Keeping pace with […] [Read More]

Penske Automotive Group took a strong hit from the trio of hurricanes that stormed through the Caribbean and the Gulf of Mexico since the end of August. The dealer group recently provided a preliminary estimate of the impact on its operations in Florida, Georgia, Texas and Puerto Rico from Hurricanes Irma, Harvey and Maria. The […] [Read More]

Auto/Mate Dealership Systems announced today that it has fully integrated its DMS with Oplogic's web-based CRM solution for auto dealers, Dealer Operator. Via real-time data exchanges between the two systems, dealers accessing both Auto/Mate's and Oplogic's solutions can benefit from increased sales opportunities and operations intelligence, Auto/Mate said. "Oplogic offers a comprehensive product suite to […] [Read More]

With fall officially arriving, dealer behavior is changing accordingly based on the data and observations included in the latest Black Book Market Insights report. Along with more perspective on hurricane-related buying, editors shared in this week’s rundown that truck segments performed much better than car segments. Three vehicle categories within the truck segments increased in value […] [Read More]

J.D. Byrider is facing a lawsuit from the Massachusetts attorney general filled with allegations about its business practices and the quality of its vehicles. Attorney General Maura Healey has sued J.D. Byrider, which has four buy-here, pay-here franchises in Massachusetts, for allegedly using predatory practices in its sale of defective vehicles with high cost installment contracts. […] [Read More]

AIADA announced Monday that through a new partnership with AutoAlert, its automobile franchise members now have access to the company’s data-mining and communication platforms. Using patented algorithms, AutoAlert's data-mining and communication solutions can help dealers make strategic business decisions based on results. "AutoAlert has been a great partner of Hitchcock Automotive organizations for years now, […] [Read More]