While Manheim noticed record-setting metrics again for its latest monthly report, Black Book on Tuesday released its Used Vehicle Retention Index for June and observed a more modest sequential uptick and even a decline compared to a year ago. Black Book found that its index edged higher to 113.0 in June, up from 112.3 in […] [Read More]

Here’s another way store managers can measure how impactful — both from reach and cost perspectives — their online presence is. Dealers using Google Analytics are now able to accurately attribute the value of third-party sites such as Cars.com, according to the initial findings from a trial use of Clarivoy’s Multi-Touch Attribution solution. In an […] [Read More]

The industry just moved past Fourth of July, but the National Alliance of Buy-Here, Pay-Here Dealers (NABD) is already looking toward late October when the organization hosts its next BHPH Conference. The 14th annual conference — which has the theme Opportunity Knocks – Best Ways to Respond — is set to begin on Oct. 23 […] [Read More]

A recent Experian survey found that 21 percent of consumers said they would consider purchasing a vehicle in the next six months if they could shop credit offers and apply via mobile device quickly and securely. As a result, Experian on Tuesday unveiled Text for Credit, what the credit bureau is calling an industry-first technology […] [Read More]

With consumers taking advantage of both pleasing gas prices and the time to shop around this summer, Autotrader has come out with its top picks for certified pre-owned deals in July, which include promotions by eight different automakers. "For shoppers that are looking for great value in their next car, but are concerned about the […] [Read More]

Check those installment contracts. Arbitration appears to be no longer an option for dealerships and finance companies to settle conflicts with consumers. On Monday, the Consumer Financial Protection Bureau announced a new rule to ban companies from using mandatory arbitration clauses “to deny groups of people their day in court.” Bureau officials insisted many consumer financial […] [Read More]

Make it two consecutive months where the Manheim Used Vehicle Value Index established a new record. Analysts determined wholesale used vehicle prices (on a mix-, mileage- and seasonally adjusted basis) increased 1.1 percent month-over-month in June. This movement brought the index reading to 129.3, which was a record high for the second consecutive month and represented a […] [Read More]

For the second year in a row, the NIADA Convention and Expo was the largest ever. The National Independent Automobile Dealers Association highlighted that the final count is in, and it shows this year’s convention, held June 12-15 at The Mirage in Las Vegas, edged the 2016 total for most attendees in the 71-year history […] [Read More]

FactorTrust recently released findings from an industry-wide survey on the use of alternative data in the non-prime auto financing space, which indicate that alternative data is being more commonly used for underwriting purposes in this market. The survey, sponsored by FactorTrust in conjunction with Connections Insights, investigated participants’ goals, uses and sources associated with alternative […] [Read More]

No matter what size screen consumers might be seeing the promotional message, securing budget is the current biggest concern for automotive marketers, according to a recent study. In today's ever-evolving digital landscape automotive marketers must capitalize on every opportunity online to engage shoppers to remain competitive, making it a challenge to decide which aspects of […] [Read More]