There have been 3.84 million auction sales of vehicles age 8 or younger so far this year (through Oct. 24), according to NADA Used Car Guide. This is a 7-percent hike from the same period of 2015, and the gain for late-model volume is even stronger. The company said in its latest Guidelines report that […] [Read More]

CarGurus conducted a survey of more than 1,000 U.S. consumers to gather their opinions around how the recent presidential election will impact the automotive industry and their plans to buy a vehicle. Overall, survey findings showed many expect both vehicle and gas prices to increase, and even more expect to see fewer government incentives for […] [Read More]

The Federal Communications Commission Enforcement Bureau and the Canadian Radio-Television and Telecommunications Commission recently finalized a formal agreement, committing the two agencies to work together to combat what they deem to be unlawful robocalls. Officials explained the Memorandum of Understanding represents the FCC’s commitment to working cooperatively with international regulators to combat robocalls and caller […] [Read More]

There are more vehicles on U.S. roads today than ever before. And later-model vehicles should have nice lift in volume over the next few years, according to a report from IHS Markit. The analysis indicates that there are more than 264 million registrations for light vehicles in operation in the U.S. Not only is this […] [Read More]

Alternative credit information provider FactorTrust recently added National Auto Lenders as a new customer to enhance the auto finance company’s underwriting process. Both FactorTrust and NAL insisted non-prime auto financing has seen a steady increase in recent years due to growth in the number of non-prime customers, a willingness to take on more risk and […] [Read More]

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]