The certified pre-owned vehicle market in the first three months of the year reached a combined tally of 646,390 sales, which Edmunds.com says is a first-quarter record.  The Q1 sum is also a 5.2-percent year-over-year increase, Edmunds reported in its Q1 Used Vehicle Market Report released Thursday. But the fact that CPO penetration of franchised dealer […] [Read More]

DealerSocket rolled out a major upgrade to its mobile CRM technology for buy-here, pay-here and independent dealers. The latest software features a mobile driver’s license scanner, push alerts for website visits (when using a DealerSocket website) and support for attaching images and videos on outgoing emails within the mobile application. Dealers attending the National Conference […] [Read More]

Wholesale prices in Canada in April were down an average of 0.6 percent from March, according to a report accompanying the latest ADESA Canada Used Vehicle Price Index, powered by ALG. Four of the six segments tracked in the report saw their prices decline month-over-month, with two of those — minivans (down 15.9 percent) and […] [Read More]

First Access Funding Corp., a privately held non-prime automotive finance company based in Edmonton, Alberta, recently partnered with defi SOLUTIONS and Integrated Fintech in an effort as a top executive described “to take their lending program to the next level” with analytics and automation. FAFC president and chief executive officer David Ballantine has the goal […] [Read More]

Here’s more data showing how much metal is rolling over the curb as leased vehicles nowadays. Experian Automotive reported on Thursday that open leases originated during the first quarter grew by 27.55 percent to an all-time high of $76.9 billion, up from $60.1 billion spotted during the previous year. According to the most recent State […] [Read More]

The surge of non-prime and subprime loans and leases helped to push Experian Automotive’s total open balance reading above the trillion dollar mark for the first time. According to the most recent State of the Automotive Finance Market report released Thursday, total open balances jumped 11.1 percent in the first quarter of 2016 as the […] [Read More]

First-quarter retail used-car transaction prices have never been higher than they were in the opening three months of 2016, says Edmunds.com. Edmunds' Q1 2016 Used Car Market Report released Thursday morning said the average retail transaction price on a used car was $18,838, a first-quarter record. This is up 3.2 percent year-over-year, moving past 2015 figures […] [Read More]

Insurance Auto Auctions announced an enhanced appraisal offering that provides more flexibility and choice for IAA Inspection Services customers. It’s part of the IAA Total Loss Solutions suite of products that facilitates customer satisfaction and manages costs during the total loss claims process. The ability for insurance customers to receive an appraisal is now fully integrated […] [Read More]

When the first Kerrigan Auto Retail Index was released at the end of March, the report said it was a bit premature to call the seven-year up-cycle in auto retail stocks over, but noted the handwriting was clearly on the wall. “It is still too early to call the end of the cycle, but the public […] [Read More]

The spring selling season has come to an end. That’s the conclusion analysts found based on the latest wholesale evidence discussed in this week’s Black Book Market Insights report. Black Book indicated the majority of truck segments were holding steady while cars were seeing larger price drops compared with the past 12 weeks. What’s more, […] [Read More]