Despite what experts see as an obstacle to filing, the American Bankruptcy Institute (ABI) noticed that the total amount of consumers and businesses seeking this legal financial shelter rose in October both sequentially and year-over-year. According to data provided by Epiq Systems, ABI reported that total U.S. bankruptcy filings increased 2 percent in October versus […] [Read More]

Automotive technology provider VINFactor has released a new saved cars feature that allows dealers to save vehicles across any website or software tool during the vehicle research and acquisition process. Dealers using the recently launched VINFactor product can now click on any VIN on any website to activate the new car saving feature. The company […] [Read More]

U.S. News & World Report announced its inaugural Best Certified Pre-Owned Program winner on Tuesday, recognizing the automaker that best provides peace-of-mind for CPO buyers. Winning the award in its debut year is Lexus. U.S. News & World Report will also recognize Lexus during the Used Car Awards luncheon, sponsored by TradeRev, this coming Tuesday […] [Read More]

Singlethread, a communication platform designed to help auto dealers pull in more customer pay per service visit, announced a few upgrades to its service department platform on Monday. New features include electronic vehicle inspections, team chat and a seamless redesign. The company said in a news release that these upgrades foster “a best-in-class workflow that […] [Read More]

Larry H. Miller Dealerships announced Monday that, for the fourth consecutive year, its Larry H. Miller Lexus, Larry H. Miller Downtown Toyota, Larry H. Miller Honda and Larry H. Miller Hyundai dealerships will fund the Union Gospel Mission’s annual City-Wide Thanksgiving Dinner for more than 1,000 homeless and low-income individuals and families. In addition to a […] [Read More]

Those of you familiar with the book or movie “Moneyball” will know about “sabermetrics,” the use of extensive data analysis to measure players’ performances during the game. Billy Beane, then general manager of the Oakland A’s, used this approach to build a winning team at a fraction of what the big-market New York Yankees were […] [Read More]

Luxury sales have steadily grown over the past three years due to the segment’s consistent owner loyalty and growing appeal among mass market vehicle owners, according to recent data from Jumpstart Media. The luxury segment currently accounts for 13 percent of total sales, up 3 percent from 2014, shows the company’s latest auto shopper study in […] [Read More]

Black Book sees two elements coming together to prop up used-vehicle prices and, in turn, push its Used Vehicle Retention Index higher for the second month in a row. Black Book recently released its October index and noticed an increase of 0.6 percent month-over-month from 113.9 to 114.6. It’s the second straight monthly increase dating back […] [Read More]

With the Federal Reserve again passing on the chance to move interest rates higher this month, S&P Global Ratings is expecting the Federal Open Market Committee to tick the target range for the federal funds rate up by 25 basis points in December. Coinciding with the announcement of a new Fed chair coming in 2018 […] [Read More]

Andrew Stuart, president and chief executive officer of TD Auto Finance, was among three recipients of a 2017 American Financial Services Association Distinguished Service Award (DSA) during AFSA’s 101st annual meeting. The other two executives given the association’s highest honor included Scarlett Smith, vice president of sales, banking and payments at FIS, and Rex Ellison, […] [Read More]