Summer barbeque season brings out summer barbeque conversations. I was gathered around the barbeque with friends when the discussion became heated.   The topic? No, it wasn’t the merits of grilling with charcoal versus gas but whether to buy or lease a car. It’s a hotter topic today than ever since we’re looking at an […] [Read More]

While wholesale prices seem to be moving at a “normal rate,” Black Book representatives in the lanes this past week noticed dealers didn’t come to auction as much as summertime heat became entrenched from coast to coast. This week’s Black Book Market Insights report relayed the sentiment from Missouri that indicated, “Consignment and attendance were […] [Read More]

ADESA Canada announced it has integrated CARPROOF’s Vehicle Valuation Report into its auction system. Subscribing dealers can now access a vehicle’s True Retail Sold value directly from ADESA’s Market Guide through a seamless integration with CARPROOF’s VVR. "We feel that dealers will find tremendous value in this tool," Trevor Henderson, chief operating officer at ADESA […] [Read More]

NextGear Capital on Tuesday announced the recent closing of its $1.95 billion securitized bank facility. Led by The Bank of Tokyo-Mitsubishi, the company highlighted the two-year securitized facility is designed to provide “flexibility and tremendous lending capacity” through a large, six-bank syndicate. The company added the amended bank facility complements the existing privately placed AAA […] [Read More]

As widely reported on Monday, the Securities and Exchange Commission and the Department of Justice want to know exactly how Fiat Chrysler Automobiles is reporting its new-vehicle sales. The automaker released a statement confirming reports that first arrived from Automotive News and Bloomberg, reiterating its procedure for how the company shares metrics within its financial […] [Read More]

DealerRater recently announced that LotShot, previously a web-only photo review application, is now available as a feature in the DealerRater for Dealers app for iOS. Considered to be easier to use than ever before, LotShot can allow salespeople at DealerRater Certified Dealerships — which currently stands at more than 5,600 stores in the U.S. and […] [Read More]

NADAguides, a provider of pricing and shopping information for new and used vehicles, has welcomed Hana Shanaa as partner optimization manager. Shanaa brings almost two decades of digital marketing, e-commerce and integrated partner optimization experience. Her experience with and strategic approach to integrated digital campaigns will be used to enhance current product and service offerings […] [Read More]

MAXDigital announced a partnership with CarGurus that gives its MAX Ad users the ability to advertise their vehicle inventory on CarGurus for free. MAX Ad is a digital merchandising tool that enables dealers to build formatted, customer-friendly vehicle descriptions for both dealerships and third-party websites. “In our continuing effort to maximize our customers’ vehicle exposure, […] [Read More]

Dealer Marketing Services, the makers of ProMax Unlimited, recently released the third solution in a line of three consumer credit soft pull products. The latest addition is the Instant Auto Credit App, an Equifax-powered version of the popular online soft pull solution. Since the entire trio is now available, ProMax Unlimited indicated the three products […] [Read More]

With the recent release of the Reynolds LAW Michigan F&I Library, Reynolds and Reynolds now offers a comprehensive catalog of standardized, legally reviewed finance and insurance (F&I) documents for franchised new-vehicle dealerships in 23 different states. The latest to come online was, the Reynolds LAW Michigan F&I Library, was jointly developed by Reynolds Document Services […] [Read More]