PayLink Direct and Omnisure Group, two specialty finance and vehicle service contracts, recently merged to create one of the largest VSC payment plan providers in the United States. Rebecca Howard, co-founder and chief executive officer of PayLink Direct, and Paul Walder, co-founder and chief executive officer of Omnisure Group, announced the completion of the transaction […] [Read More]

On Wednesday, Black Book introduced its next generation ValuEngine platform with what the firm described as a new, easy-to-navigate web interface. Black Book reiterated ValuEngine is a real-time collateral valuation tool allowing automotive industry professionals, finance companies, OEMs and dealers the ability to value their entire portfolio through a secure, on-demand, self-service platform. With ValuEngine, Black Book […] [Read More]

As analysts discussed how commercial banks are viewing auto financing, they also spotted the largest sequential drop in the auto segment of the S&P/Experian Consumer Credit Default Indices in five years. S&P Dow Jones Indices and Experian released its latest default data on Tuesday and the information through April showed auto loan defaults decreased 10 […] [Read More]

Following an analysis of its online reviews, Cars.com released its latest list of U.S. consumers' both most reviewed and most highly reviewed vehicles on Wednesday. “Shopper reviews are a critical part of the car shopping process,” Cars.com data analyst David Greene said in a news release. “Cars are one of the largest investments anyone makes, and […] [Read More]

LotLinx has expanded its Facebook product suite to include LotLinx VS – Lead Enabled Remarketing, a newly created VIN-specific tool for Facebook users that leverages LotLinx proprietary technology to target high-quality shoppers. The company’s new product can allow dealers to both strategically target visitors to Vehicle Details Pages and remarket to shoppers interested in a specific VIN […] [Read More]

The dealership group may not discuss it publicly very often or show its hand. But don’t be mistaken. Asbury Automotive Group is working on — and investing in — its digital capabilities. “We all agree this industry is changing, and it’s changing very rapidly. And so are we. We are not very public about what […] [Read More]

DealersLink has released FastBook Pro 5.0, the company's new booking tool that can allow dealers to scan vehicles’ VINs and book out NADA, KBB, MMR, Black Book, CARFAX and AutoCheck simultaneously. “FastBook Pro 5.0 has the fastest VIN scanner on the market today,” DealersLink chief executive officer Mike Goicoechea said in a news release. “It will help […] [Read More]

The combination of price movements and softening lane activity means one thing, according to Black Book. The spring market appears to have fully bloomed. The latest Black Book Market Insights report showed both car and truck segments seeing higher depreciation than the last several weeks, both dropping 20 percent and 25 percent in value, respectively. […] [Read More]

Buy-here, pay-here dealers probably often want to get into the wallets of their customers. Not necessarily in a creepy and illegal way, but rather to ensure the individual makes payments and remains current on their installment contract. Well, with a new platform set to make a major launch into the BHPH space this month, operators […] [Read More]

Search Optics has introduced the Virtual Business Development Center (VBDC), a turnkey solution for comprehensive automotive dealer lead management that is designed to improve response times, increase lead conversion rates and reduce the cost of sale for dealers, the company announced on Tuesday. “As a digital marketing company with many years of specialization in the automotive market, […] [Read More]