As part of its continued national expansion and in response to demand from credit unions, Motor Vehicle Software Corp. (MVSC) introduced its proprietary Vitu Lending solution to the California and Nevada Credit Union League. MVSC explained Vitu’s solution can offer “unprecedented” security and accuracy, expediting all elements of the vehicle titling process for credit union […] [Read More]

The National Insurance Crime Bureau released new data on Wednesday that shows the total number of vehicle thefts reported during holidays last year. Holiday vehicle thieves in 2015 were their busiest on Halloween, 2,238 vehicle thefts were reported according to NICB's 2015 Annual Holiday Vehicle Theft Report. New Year's Eve day saw 2,227 vehicle thefts. Though […] [Read More]

Chalk up dealerships changing hands as another industry component being impacted by the presidential election. According to analysis from the Blue Sky Report released on Tuesday, dealership M&A activity declined by 7 percent year-over-year during the first nine months of 2016. Kerrigan Advisors, which publishes Blue Sky Report each quarter, explained that sellers are likely […] [Read More]

As the wholesale industry moved closer to Thanksgiving, both prices — especially for sports cars — and bidding in the lanes noticeably softened as recapped in the latest Black Book Market Insights report. The report noted an increase in depreciation for nearly all segments across the board as the industry gets deeper into the fourth […] [Read More]

From Kansas to Georgia to across the Atlantic Ocean over to England, attendees evidently received what they wanted when the National Alliance of Buy-Here, Pay-Here Dealers hosted its Best Practices Conference in Orlando, Fla., at the beginning of this month. President Ken Shilson highlighted that approximately 60 percent of attendees surveyed afterward had never been […] [Read More]

Thanksgiving and the next few days after are known for being peak time for college football rivalries, leftover turkey sandwiches and, apparently, car shopping. In fact, Black Friday was ranked by iSeeCars.com as the best time to find a deal on a used car and Thanksgiving wasn’t far behind at No. 3. Not to mention, […] [Read More]

DealerRater has announced that it received its 3 millionth online review last month. The site published its first consumer review on Jan. 3, 2003 and has since grown its platform as reviews have become progressively vital to the car shopping process. "Hitting 3 million reviews is a significant milestone for DealerRater and our industry," said Gary Tucker, […] [Read More]

Certified pre-owned is taking thicker slices of that franchised dealer used-car sales pie. In fact, CPO share has reached a new landmark. In the third quarter, 23.2 percent of used-vehicle sales at franchised dealers were certified, according to the latest Used Vehicle Market Report from Edmunds.com. Certified pre-owned’s Q3 share has never before reached this […] [Read More]

Cox Automotive brand NextGear Capital presented its fourth annual Auction Partners Awards during the National Remarketing Conference/National Auto Auction Association Convention at the Red Rock Casino and Resort in Las Vegas. The awards spotlight independently owned auction leaders in the industry and recognize their years of dedicated service to growing and supporting the overall industry […] [Read More]

According to its latest analysis of auto loan ABS transactions shared with SubPrime Auto Finance News, S&P Global Ratings said it is expecting managed portfolio losses to rise for the remainder of 2016 and possibly 2017. However, in reviewing these managed portfolios, S&P Global Ratings analysts insisted that they have observed that the rate of […] [Read More]