As vehicle values remained relatively steady, multiple Black Book representatives walking the lanes with dealers last week noticed consignment volume softened. Before going into those observations, here are the numbers from the latest Black Book Market Insights report. Editors indicated car segments decreased value slightly last week, but overall both cars and trucks held fairly […] [Read More]

The National Independent Automobile Dealers Association added two new relationships with service providers aimed at helping operators turn more metal and generate profit. NIADA announced ddk marketing has joined with the association as its newest National Affinity Partner, offering NIADA members a free 90-day trial of its autogenius app. Also, Security Key Systems (SKS) now […] [Read More]

Last week, Southeastern Auto Auction of Savannah hosted its annual Masters Sale and golf tournament, which is named after The Masters golf tournament that is held in Augusta, Ga., just a few hours away from the auction.  This year’s Masters Sale featured over 800 vehicles, and by the end of the sales event, the auction gave […] [Read More]

GPS-based technology provider PassTime recently completed a software integration project with QuotePro Kiosk, a payment solution for independent and buy-here, pay-here dealers The companies highlighted that customers utilizing both QuotePro Kiosks and PassTime GPS solutions will now be able to perform a variety of device management functions directly from the QuotePro Kiosk. The partnership will […] [Read More]

SecureClose, a digital transaction management platform that can help dealers bring consistency to the F&I office through compliant e-closings, recently announced its integration with Auto Master Systems, a dealer management system (DMS) serving 500 buy-here, pay-here dealers and independent finance companies across the United States and Canada. Instead of printing hard copies of deal documents […] [Read More]

DAA Northwest recently announced that Rock & Roll Hall of Famers Lynyrd Skynyrd will take the DAA stage on July 19 for the auction's 22nd annual Rock & Roll Sale. “Each year, we put a lot of thought into bringing in a headliner that will be a great fit with our customers. Judging from the […] [Read More]

For auto finance providers still unsure about the value of its vehicle location data, Digital Recognition Network (DRN) highlighted the experience of just a single client — Philadelphia Federal Credit Union (PFCU). PFCU is an early adopter of DRN’s enterprise subscription for auto finance, DRNsights. Here is a breakdown of what happened to this credit […] [Read More]

TransUnion’s Industry Insights Report offered clear evidence that auto finance originations are slowing, especially in the subprime space. The credit bureau’s report, powered by Prama analytics and released on Tuesday, indicated that auto finance originations, viewed one quarter in arrears, declined to 6.66 million to end 2016, down 0.2 percent relative to fourth quarter of […] [Read More]

The latest move coming from defi SOLUTIONS is the launch of what the company dubbed defi EXCHANGE, a secure, online portfolio marketplace where sellers of auto finance portfolios can access multiple buyers and manage the entire sales process. The company highlighted defi EXCHANGE is designed to improve efficiencies and profitability by automating and enhancing processes, […] [Read More]

eBay Motors announced a partnership with TrueCar on Wednesday morning that will give its shoppers more insight into new-car pricing, helping to aid in vehicle comparisons. This was part of a series of upgrades the online vehicle marketplace made. “eBay is committed to enhancing its marketplace with the best information and buying experience it can […] [Read More]