On Monday, Kelley Blue Book announced its first in a series of international launches with the introduction of Kelley Blue Book in Portugal at KBB.PT. According to a 2017 TGI Grupo Marktest study, price was the No. 1 important factor for both new- and used-vehicle shoppers in Portugal, with 74 percent of new-model buyers and […] [Read More]

Along with taking a longer-term look and investigating how all pools would perform through a credit cycle, S&P Global Ratings reported that collateral performance in the U.S. subprime auto loan asset-backed securities (ABS) sector weakened in 2016 for the fourth straight year. According to a report published by S&P Global Ratings, both annualized metrics and […] [Read More]

Spireon announced updates to Recovery Link — a feature of its one-step GoldStar GPS solutions vehicle recovery system for buy-here, pay-here dealers — which can allow them to automatically send recovery agents locator intelligence on the location of lapsed vehicles through text or email. GoldStar can let BHPH dealers see the number of times a recovery agent views a […] [Read More]

When a dealer walks in the front door of the new ADESA Chicago auction, he or she might think it looks a lot like home. And that is by design. In designing the front office to the 167,000-square-foot auction in the Chicago suburbs, ADESA visited new-car dealerships throughout its home turf of Indianapolis to get […] [Read More]

String Automotive, provider of the Dealer Positioning System (DPS), recently debuted its next competitive intelligence mobile app for dealerships — StringDPS Pulse. The company said StringDPS Pulse is being offered after a wildly successful beta period with requests for the app quadrupling the original goal set for the time period. What String Automotive contends is […] [Read More]

Good news for buy-here, pay-here dealerships in New Jersey — and perhaps in other states, too. Garden State dealers can continue to utilize GPS and starter-interrupt devices. The National Independent Automobile Dealers Association capped a prolonged lobbying effort with a last-minute charge that prevented anti-consumer provisions in a proposed bill from becoming law in New […] [Read More]

On Monday, Copart announced the opening of its second location in the state of Utah. The online vehicle auction company’s newest site is located near Ogden, Utah. "Gaining a greater foothold in the Mountain States with another Utah location sets the stage for continued growth in the region," Jay Adair, chief executive officer of Copart, […] [Read More]

Podium, a platform that provides tools for businesses to build and manage their online reputation, revealed a new partnership with CDK on Friday. The collaboration with Podium will automate CDK's customer reviews process in more than 27,000 retail locations. “We’re excited to become a member of CDK’s Third Party Partner Program, and provide dealers with […] [Read More]

TrainAndCertify.org, a national provider of training and certification programs for sales and customer service reps in various consumer-centric industries, recently announced its Certified Vehicle Protection Professional (CVPP) certification program. TrainAndCertify.org established the CVPP program via the Academy of Certified Vehicle Protection Professionals (ACVPP) to recognize individuals who demonstrate the requisite knowledge required to responsibly and […] [Read More]

The parade of legal developments leading toward the U.S. Court of Appeals for the District of Columbia Circuit rehearing an important case involving the Consumer Financial Protection Bureau has started in earnest. First, the American Financial Services Association, along with a dozen other organizations, delivered an amicus brief — a legal document filed in appellate […] [Read More]