ADESA, a business unit of KAR Auction Services, has named Richard Griskie as chief information officer. The company highlighted on Thursday that Griskie will oversee the operation of information technology systems for ADESA and several subsidiary businesses within the KAR Auction Services group of companies. He also will contribute to the management and direction of the […] [Read More]

Leading into the 18th annual National Conference for BHPH hosted by the National Alliance of Buy- Here, Pay-Here Dealers, we spoke with Ken Shilson, the president and founder of NABD, about a host of issues impacting operators. BHPH Report asked Shilson about the diminishing market presence BHPH dealers possess nowadays, how moves made by investment […] [Read More]

While also pinpointing where delinquencies are climbing the fastest, TransUnion’s latest Canada Industry Insights Report found that the average Canadian’s auto loan debt climbed by 2.12 percent year-over-year during the first quarter. The Q1 figure came in at $19,538, up from $19,132 a year earlier. Analysts noticed that the average non-mortgage debt level rose by […] [Read More]

A new survey from AutoMD.com indicated that the lengthening vehicle ownership cycle is impacting vehicle purchasing. Conducted online among more than 1,000 vehicle owners, the survey revealed that 59 percent of participants who said they planned to purchase within six months would be opting for a pre-owned vehicle, with three quarters saying that their purchase decision […] [Read More]

The real view of the RVI Used Vehicle Price Index showed an increase in wholesale vehicle prices of 0.6 percent in April when compared to March. When compared to April of last year, the index fell by 5.5 percent. When looking at the nominal view of the Used Vehicle Price Index, the reading ticked up […] [Read More]

Midsize cars and compact cars combined to make up more than two-fifths of certified pre-owned sales in the first quarter, according to Edmunds.com. In the company’s Q1 Used Vehicle Market Report released last week, these two vehicle types led the list of 10 largest CPO segments, with midsize cars claiming a 21.1-percent share of the […] [Read More]

Allied Finance Adjusters now has a mobile app that’s designed to help member repossession agencies better connect with finance companies. Designed for Android, Apple and Microsoft mobile phones and tablets, the organization indicated this is a “true” app that has been developed and built specifically for Allied Finance Adjusters. “This is not an out-of-the-box, cookie-cutter […] [Read More]

When dealers come to Las Vegas for the National Conference for BHPH hosted by the National Alliance of Buy- Here, Pay-Here Dealers, Autotrader’s solution for this slice of the dealership space will hit its second anniversary. At this same event in 2014, Autotrader unveiled an online tool specifically designed to match BHPH dealers with customers […] [Read More]

A new study by LendingTree showed millennials in three Midwestern areas are seeking auto loans more often than their counterparts in any of the nation’s top 50 cities. Dealerships and their finance companies might be seeing more activity from consumers between 18 and 34 years of age percolating in Memphis, Tenn., Milwaukee and St. Louis, […] [Read More]

What’s happening with subprime auto ABS continues to be on the minds of investors, according to recent analysis from both Standard & Poor’s as well as Fitch Ratings. In fact, S&P Global Ratings released another report this week with what could be considered an ominous-sounding title: “Longer-Term Subprime Auto Loans Are Leading To More Back-Loaded […] [Read More]