A couple of years ago when pundits and naysayers wanted to discuss auto financing, often they gravitated toward how the industry’s recovery stemmed from subprime activity, resulting in a possible bubble similar to what created the Great Recession. While analysts and experts eventually extinguished that line of thinking by showing performance data, these same industry […] [Read More]

Along with soft launching a new way for consumers to sell their vehicles so that the units might end up in the auction lanes, online vehicle marketplace operator Beepi hired David Faugno as its chief financial officer on Tuesday. While the company has been in operations for just over two years, Faugno is its first […] [Read More]

CDK Global has announced a new way to connect digital vendors to dealers. Called Partner Connect, the program creates a pool of approved applications that can be added to a dealer’s website. Partner Connect can give dealers increased functionality on websites provided by CDK and ensure that vendors looking to integrate are optimized into the […] [Read More]

On the whole, cars depreciated faster than trucks last week — a return to recent trends after the previous week’s reversal. But subcompact car values got a reprieve last week, according to Black Book's weekly Market Insights report released Tuesday. Volume weighted, overall car segment values decrease by 0.68 percent last week. This was similar […] [Read More]

In response to client demand, Manheim highlighted on Tuesday that the company has nearly tripled the availability of Enhanced Vehicle Imaging (EVI), expanding from 25 to 74 auction locations throughout North America. Manheim reiterated that EVI is designed to provide a consistent set of quality high-resolution images that can showcase vehicles in an optimal way. […] [Read More]

The latest report from Fitch Ratings indicated U.S. auto loan and lease credit performance will likely continue to deteriorate in the second half of 2016 and into 2017. Analysts noted year-over-year credit performance deteriorated for auto finance companies in the first half of 2016, despite improved loss rates in the first half of this year […] [Read More]

Online auto retailer Carvana — creator of the world’s first coin-operated Car Vending Machine — announced its expansion into Columbus, Ohio. Columbus marks the company’s first Midwest launch and its seventh new market launch over the past seven months. “We couldn’t be happier to be expanding into our first market in the Midwest, and to have […] [Read More]

Wheel’s Automotive Dealer Supplies is set to unveil a line of CPO-specific visual marketing solutions during Used Car Week in November. Wheel’s president Richard Ashworth and other members of the Wheel’s team will discuss certified pre-owned merchandising, marketing strategies and product solutions in Booth 210 during the conference, which is set for Nov. 14-18 at the Red […] [Read More]

ADESA chief economist Tom Kontos noticed prices in the lanes moved as he expected in August. According to ADESA Analytical Services’ monthly analysis of wholesale used vehicle prices by vehicle model class, prices in August averaged $10,738, which was 0.6 percent lower compared to July but 4.6 percent higher relative to August of last year. […] [Read More]

Despite record numbers of new vehicles rolling over the curb as leased models, Black Book Lender Solutions discovered a large number of auto finance companies say they don’t leverage residual data for their portfolio. The findings arrived despite the majority of finance companies admitting that portfolio risk assessment and remarketing remains at the top of their […] [Read More]