Perhaps not to the surprise level of a woman being given an engagement ring on Valentine’s Day, but some wholesale market observers might slightly raise their collective eyebrow about current car prices. Based on data generated during the early stages of the spring selling season, Black Book noticed that cars holding retention better than trucks. […] [Read More]

In what certainly comes as good news given how many of these vehicles are resurfacing in the used-car market — particularly as off-lease units — J.D. Power reported that overall dependability of 3-year-old vehicles is up 9 percent year-over-year. And the dependability of vehicles is “without question, at its best level ever,” a company executive said. […] [Read More]

On Wednesday, Pearl Technology Holdings introduced its newly enhanced VehicleXchange (VX) marketing platform that's been redesigned to give users an easy-to-use daily workflow on both desktop and mobile devices. VX is now integrated with three other Pearl subsidiaries and several CRM functions have also been incorporated into the redesigned application. The addition of ShowroomXpress (SRX), […] [Read More]

This week, Mark Neeb officially became the chief executive officer of ACA International, the Association of Credit and Collection Professionals. Neeb brings to the association nearly 40 years of corporate strategy experience, including 28 years specifically working in the credit and collection industry. He is intimately familiar with ACA International, having been a member for many […] [Read More]

Private equity firms continue to see auto financing as an excellent option to leverage. In recent weeks, Bain Capital Ventures injected $55 million into defi SOLUTIONS, and Fair secured a round of strategic equity funding that is led by Siemens-backed next47 global venture fund and also includes BMW, CreditEase FinTech Investment Fund, Millennium Technology Value Partners, […] [Read More]

The National Independent Automobile Dealers Association announced Tuesday that Autosoft has been added to its growing list of Bronze-level National Corporate Partners. NIADA said members can now take advantage of special pricing to gain access to Autosoft DMS. Autosoft offers both a sales and F&I module with inventory management as well as a full DMS option, […] [Read More]

Credit unions continue to make significant strides in booking retail installment sales contracts and vehicle leases. CU Direct and GrooveCar’s CU Xpress Lease recently highlighted just how much success they enjoyed in 2017. In fact at CU Direct, 2017 represented a record-breaking year. Credit unions funded 1.8 million contracts through CU Direct’s Lending 360 and CUDL […] [Read More]

GWC Warranty, a provider of used-vehicle service contracts sold through dealers, recently received two awards recognizing it as a top employer both nationally and locally in the greater Wilkes-Barre area of northeastern Pennsylvania. First, GWC Warranty was recognized nationally by the National Association of Business Resources as one of the 101 Best and Brightest Companies […] [Read More]

Cars.com said Wednesday it has agreed to purchase Dealer Inspire and Launch Digital Marketing, which are privately held companies providing digital solutions to dealers — including digital retailing, among many other services.   The deal is worth $165 million upon closing plus “additional consideration based on future performance,” Cars.com said in a news release. Those […] [Read More]

Leveraging the mobile phone is a must because a growing number of consumers are accustomed to being able to shop for just about every and anything thing online, says Carvoy co-founder and chief executive officer Daniel Yuabov. “There’s a study that actually shows that more people have a phone versus a computer, and if we were to go […] [Read More]