Those worried about a potential crash in used-car prices, take heart. For now. One of the indices measuring wholesale vehicle values has seen its first increase in 27 months. While the April reading of Black Book’s Used Vehicle Retention Index (113.1) was just a hair above March’s (113.0), it’s at least a temporary pause to […] [Read More]

Dealers often overestimate the trust car shoppers have in them and customers sometimes know more than the salesperson, according to MAXDigital’s recently released strategic dealer research study on the subject of trust and transparency in the digital age. MAXDigital surveyed U.S. dealers during the 2017 National Automobile Dealers Association Convention and Expo. Almost 70 percent […] [Read More]

A fatal vehicle crash occurred at Lynnway Auto Auction in Billerica, Mass., on Wednesday morning. In a statement released Wednesday evening by the office of Middlesex District Attorney Marian Ryan, officials confirmed that three people died from a collision at the auction. Nine were hospitalized. At the time of another news release from the DA's […] [Read More]

On Wednesday, CRIF Lending Solutions announced a partnership to integrate Carvana’s online automotive retail platform with its ACTion and SAIL loan origination systems. CRIF said its new collaborative effort aims to help financial institutions effectively reach pre-approved customers or members for direct auto loans.  “Integrating our platforms with partners like CRIF Lending Solutions provides consumers […] [Read More]

As millennials continue to turn from the way previous generations have shopped in this digital age, their growing desire for luxury vehicles has surpassed older generations as well, according to the Harris Poll's 29th annual EquiTrend Study. The report on consumer’s preferences reveals what Harris found to be the strongest brands across the automotive industry as […] [Read More]

What's it like being a leading edge subprime auction in a huge metropolitan market surrounded by the ongoing tempest of chain auction leaders?  It's like being a teapot that needs to continually brew innovation, creativity and, basically, a solid consistent blend to keep the tempest at bay. Someone asked me recently how we survive and, […] [Read More]

Machine learning and fraud solutions provider PointPredictive recently orchestrated a gathering of six of the nation’s Top 10 and nine of the nation’s Top 20 aimed at tackling the problem of auto finance fraud through collaboration. As a part of launching what PointPredictive is calling its Automotive Lending Fraud Consortium, officials highlighted a total of […] [Read More]

It’s been a little while since I’ve made an entry into my diary about navigating through the rigors of the National Automotive Finance Association’s Consumer Credit Compliance Certification Program. I’m happy to report I can see the certification summit. While I didn’t get here with climbing boots and a backpack, it’s been just as rewarding […] [Read More]

Consumers' heightened interest in compact SUVs and midsize utility vehicles over sedans is driven by cargo and a high vantage point, rather than the recent drop in gas prices nationally, says Michelle Krebs, executive analyst for Autotrader. “KBB did a quick poll, not scientific necessarily,” she said during a conference call with the media on […] [Read More]

Asbury Automotive Group chief executive Craig Monaghan doesn’t downplay the impact that swelling supply and off-lease volume has on pricing in the used-car market. That said, he’s not hitting the panic button, instead treating the pre-owned sector as a “trading business” and leaning on fast turns. “We think that’s going to create some pressure on […] [Read More]