It’s the decision consumers who acquire a new vehicle must make in order to have a payment that fits their budget. Stretch the traditional installment contract out to nearly 72 months or take on a lease for about half of that time. Perhaps what’s good news for dealership customers and their used-car managers, Swapalease.com reiterated […] [Read More]

Much of AutoNation’s quarterly conference call included nearly every Wall Street observer who participated wanting more details about the dealer group’s partnership with self-driving technology company Waymo—part of Google's parent company Alphabet Inc. To recap, AutoNation on Thursday announced a multi-year agreement to support Waymo’s autonomous vehicle program. AutoNation said it will offer strategic capabilities […] [Read More]

Dealer Simplified has partnered with Dominion Dealer Solutions to give dealers using any of Dominion's customer relationship management tools access to its automotive auction solution, Auction Simplified, and wholesale buyers network. Via a mobile auction app and desktop solution, Auction Simplified facilitates real-time live bidding from franchise dealers to wholesale buyers. The auction service offers dealers […] [Read More]

AutoNation chairman, chief executive officer and president Mike Jackson didn’t hesitate to point out the reason why the dealer group’s used-vehicle sales during the third quarter jumped 6.4 percent year-over-year. AutoNation stores retailed 59,330 used vehicles during Q3, up from 55,760 units a year earlier. Jackson told investment analysts why stores moved more used metal […] [Read More]

The fight against fraud in auto finance continued last week. PointPredictive held its second Auto Lending Fraud Roundtable last week in Dallas with finance companies representing 48 percent of total automotive originations in the U.S. They met to further collaborate on progressing finance companies’ fight against fraud as well as protecting consumers that can be […] [Read More]

President Trump followed through this week by signing H.J. Res. 111, which nullifies the Consumer Financial Protection Bureau's rule prohibiting the use of a pre-dispute arbitration agreement to prevent a consumer from filing or participating in certain class action suits. The final step in the process of canceling the rule that received sizable support in […] [Read More]

Used Car Week (which is next week, by the way!) has some exciting new twists in store. One of those is the Used Car Awards (UCAs), which will make their debut during the conference, which is being held Nov. 13-17 at the La Quinta Resort & Club in Palm Springs, Calif.   The UCAs will honor […] [Read More]

JM&A Group recently introduced Dealer Source, its new application portal designed to speed up online transactions. The new portal’s self-service capabilities can help dealers improve efficiencies and the customer experience, according to the company. “Part of the value we bring to our dealers is in-store support for their day-to-day operations, and resources to increase their productivity,” said […] [Read More]

Certified pre-owned vehicle sales were down 3.3 percent in October, but the year-to-date pace is still on par with the record figures from a year ago. According to Autodata Corp., there were 200,240 CPO sales for the month, compared to 207,105 certified sales in October 2016. However, the 2.22 million certified sales through 10 months […] [Read More]

A new platform described as a “mobile car dealership” is launching in Halifax, Nova Scotia. Through Clutch, consumers can inspect, test-drive and purchase vehicles at their homes or the location of their choosing within the Halifax Regional Municipality. Clutch buys used vehicles from Canadian wholesale sources, then photographs those cars at their headquarters and lists […] [Read More]