As what’s happened four out of the past five years, auto finance defaults made a slight uptick in July versus the previous month. The auto portion of the S&P/Experian Consumer Credit Default Indices released this week showed that defaults increased 4 basis points to come in at 0.86 percent. It would have been five consecutive […] [Read More]

After taking a trio of actions involving more than two dozen dealerships in the span of about a year, New York attorney general Eric Schneiderman wielded his enforcement powers again this week in association with F&I activities. Schneiderman announced a $298,000 settlement with Nissan of New Rochelle for what the Empire State’s top law enforcement […] [Read More]

There were 2.10 million used-car transactions in the United Kingdom during the second quarter, which was down 0.7 percent year-over-year, according to revised data from the Society of Motor Manufacturers and Traders. As for year-to-date numbers, they have climbed more than a percent. Used-car transactions through two quarters have come in at 4.24 million, which is up 1.3 percent […] [Read More]

LotLinx recently announced a new partnership to fully link VistaDash's marketing metrics platform to LotLinx TURN, which provides dealers with metrics on targeted shoppers, total spend, sold VINS, conversions and engagements on vehicle detail pages. To help dealers make marketing decisions that improve their ROI and digital ad spend, LotLinx customers now have access to VistaDash metrics via […] [Read More]

In this week's episode, Cherokee Media Group director of meetings and events Marilu McQuilkin stops by to share some important updates on Used Car Week, including registration and agenda information. Plus, get a sneak peek at the conference's sweet digs in Palm Springs, Calif. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  You can also […] [Read More]

Metro Auto Auction of Phoenix has been named the National Auto Auction Association’s 2017 Western Chapter Auto Auction of the Year for its commitment to supporting community youth. NAAA said the auction’s notable efforts include hosting an annual Christmas party for seriously ill children and funding a mentorship program for thousands of at-risk Phoenix-area high […] [Read More]

The training team at GWC Warranty acknowledged even the best F&I presentations are oftentimes countered with an objection over the added monthly cost of a vehicle service contract. The company also understands how dealers emphasize that overcoming this common customer concern can make or break the store’s entire F&I operation. In an effort to clear […] [Read More]

General Motors said Wednesday its application for voluntary delisting of its common stock from the Toronto Stock Exchange in Canada has been approved. Company shares will stop trading on the TSX at close of markets on Nov. 30. The delisting will have no impact on GM’s New York Stock Exchange listing, the automaker said in […] [Read More]

TradeRev has announced it will now have a physical presence in 14 ADESA auction locations after partnering with ADESA Canada to encourage dealers to use TradeRev’s mobile app before sending cars to a brick-and-mortar auction. Hands-on assistance from ADESA sales teams will be available at the auctions to help dealers load their inventory onto the […] [Read More]

Corey Stone, general manager of Fairway Honda — a Steele Auto Group store —  says being part of a well-known dealer group has been very beneficial for the store. The dealership, which has been in business over 25 years, has been a part of Steele Auto for about two years now. “The biggest benefit is […] [Read More]