A potential source of buy-here, pay-here customers — the annual figure of consumers filing for bankruptcy — dropped for the seventh year in a row. But that well of vehicle buyers who potentially have little choice but to use a BHPH dealer could improve in 2017. The American Bankruptcy Institute shared data provided by Epiq […] [Read More]

Autotrader has come out with its top picks for certified pre-owned deals in January. "Shoppers who want to start 2017 off with a smart vehicle purchase can easily do so by choosing any of these CPO offers in January," said Autotrader executive editor Brian Moody. "CPO is a popular category for car buyers on a […] [Read More]

Experts from Equifax, Fiserv and J.D. Power all agree: Technology is going to be the catalyst to keeping the financing cog in the automotive retail machine humming in 2017 at least near the level dealerships, finance companies and other service and product providers enjoyed this past year. Equifax auto finance leader Lou Loquasto said technology […] [Read More]

One of the key benefits of bringing AmeriFleet into the fold, say MetroGistics executives who talked with Auto Remarketing ahead of Monday’s merger announcement, is having the capability of what is known as “final-mile delivery.” MetroGistics Holdings and Tailwind Capital, which owns a majority stake in MetroGistics, announced the purchase of AmeriFleet on Monday. With […] [Read More]

A little more than a month after announcing plans to acquire a standalone used-car store chain in the Northeastern U.S., Penske Automotive Group has done the same in the U.K. Penske announced Friday that it has signed an agreement to buy CarShop, a chain of five standalone used-car retail stores in the U.K.  This follows […] [Read More]

On Monday, KosLo announced it enhanced its website by integrating NADAguides year, make, and model data — creating a more customized experience for car shoppers and a new way for dealers to reach them nationwide. “With the integration of NADAguides data into our system we know we will be able to make the car buying […] [Read More]

From at least a mathematician’s perspective, 2016 closed with Manheim noticing the least amount of volatility since the auction company created the Manheim Used Vehicle Value Index more than 20 years ago. Manheim reported on Monday that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased by 0.2 percent in December, which […] [Read More]

NIADA Member Services announced on Friday that it launched the National Affinity Partner Program (NAPP), a new partnership program, which gives NIADA member dealers increased access to partner providers’ products and services they use daily. “This new affinity partnership initiative focuses on firms that serve certain segments of the insurance/financial services markets as well as […] [Read More]

On Monday, TrueCar shared a handful or so of updates to its Dealer Pledge initiative for 2017 and said these enhancements will be the “centerpiece” of its efforts at the NADA Convention & Expo later this month. The company launched its Dealer Pledge in March to address concerns from TrueCar Certified Dealers. Among the six updates […] [Read More]

Regardless of which way the subprime breezes are blowing, GWC Warranty explained there are certain steps dealers can take to ensure their own subprime business doesn’t fluctuate with the annual ebbs and flows of the subprime market. The company that specializes in used-vehicle service contracts and related finance and insurance products sold through dealers pinpointed […] [Read More]