For dealers who are finding used subcompact crossovers in demand at their stores, the latest analysis from Black Book showed they didn’t have to dip quite as much into their floor-plan funds last week to acquire these units. This week’s Black Book Market Insights report showed subcompact crossovers depreciating the most out of cars and trucks. […] [Read More]

About a week after being chosen as this year’s chair for the Federal Reserve Bank of Atlanta, AutoNation chairman, chief executive officer and president Mike Jackson highlighted how much the dealer group should benefit from federal tax reform recently signed by President Donald Trump. On Tuesday, AutoNation announced that it expects a benefit of approximately […] [Read More]

Canadian wholesalers now have another financial tool available to help stores get the inventory they need. As part of its efforts to drive innovation in the remarketing industry, Otolane — a growing dealer-to-dealer digital marketplace — announced this week that it has signed a partnership agreement with NextGear Capital to offer more buying power to […] [Read More]

For the fourth time in the past seven years, the auto portion of the S&P/Experian Consumer Credit Default Indices closed the calendar with the default rate holding steady or ticking a bit lower on a sequential basis. S&P Dow Jones Indices and Experian reported on Tuesday that December’s auto loan default rate fell 1 basis […] [Read More]

Kelley Blue Book announced Tuesday that the Toyota and Porsche brands are the 2018 model-year brand winners of the annual Best Resale Value Awards. Its Porsche's second consecutive luxury brand Best Resale Value award, and Toyota takes it’s third-ever win, following recognition for top brand in 2014 as well as last year.  The awards are in their […] [Read More]

Auto Remarketing parent company Cherokee Media Group has adjusted its editorial team lineup for 2018, as the company continues to build on the foundation of its industry publication and conferences. Joe Overby and Nick Zulovich — senior editors of the automotive and auto finance publications at Cherokee Media Group — will continue in their editorial […] [Read More]

Dealers know that competition for retail used-vehicle sales and profits is fierce, and keeping expenses manageable and transaction prices competitive is a never-ending battle. But despite that, many dealers are betting on a strong economy and strong used-car sales this year, and some are even adding stores or refurbishing or replacing existing ones. “Overall, I […] [Read More]

Rapid Recon announced Monday record year-over-year results, reporting overall operation growth of 60 percent last year. In addition to revenue being up 73 percent compared to 2016 and the company deploying 87 percent more systems last year, Rapid Reco’s growth in the independent and buy-here pay-here dealership market has also expanded, according to company founder […] [Read More]

It’s a new year, and FICO is hopeful 2018 will be filled with new customers coming into company portfolios. In an effort to help institutions communicate with this new batch of contract holders, FICO is hosting a free educational webinar focused on sharing best practices in using automated communications throughout the auto finance customer lifecycle. […] [Read More]

Automotive Personnel chief executive officer Don Jasensky offered three options when dealership and auto finance company management teams are faced with the decision of making manpower changes based on performance. Jasensky leveraged his nearly 30 years of experience, acknowledging that, “Every leader has to make decisions regarding underachieving employees.” He continued in a company blog […] [Read More]