Look for June to be a strong month for the retail used-car market. According to TrueCar, there may be more than 3.24 million used-vehicle sales this month, which would beat June 2015 figures by 5.5 percent. Those numbers in TrueCar’s forecast include franchised and independent dealers and sales between private parties. In the first five […] [Read More]

When dealerships, finance companies and automotive experts discuss how much better vehicles are nowadays compared to 10 or 20 years ago, it’s not just a possible sales pitch or industry rallying cry. With a South Korean badge leading the way, the J.D. Power 2016 U.S. Initial Quality Study (IQS) released on Wednesday showed that new-vehicle […] [Read More]

DRIVIN recently was recently awarded Best New Startup at the 2016 Moxie Awards, hosted by Built In Chicago. The Moxie Awards, now in its fifth year, honors Chicago’s most innovative digital tech companies and celebrated the year’s innovation, success and hard work by recognizing leaders across multiple categories within the industry. Chief executive officer Kayne […] [Read More]

Dominion Dealer Solutions announced this week that its Dominion ACCESS dealer management system is the first system of its kind to achieve General Motors’ Vehicle Invoice Service (VIS) version 2.2 integration. This software can improve inventory management support to automotive dealers, so they can know which vehicles to stock based on the available data. “Our […] [Read More]

Attendees at last week’s ACA International 2016 Convention & Expo in Denver heard first-hand from the Consumer Financial Protection Bureau about its potential regulatory moves in the collection space. Officials from ACA International, the Association of Credit and Collection Professionals, pointed out the CFPB has yet to put out a notice of proposed rulemaking regulating […] [Read More]

 If you mapped out the metropolitan areas where leasing is strongest, it would closely resemble the Big Ten and Big East basketball territories from the good ole days. In terms of lease penetration rates, the Northeast and the Great Lakes area of the Midwest dominated the top of the list in the first quarter, with the Motor […] [Read More]

This is not your father’s Daewoo. In fact, if you’re a member of Generation Z, it’s quite likely to be yours. According to an Edmunds.com analysis of vehicle registration data from Polk, U.S. drivers age 18-24 purchased 191,096 used cars (versus 27, 670 new) during the first four months of the year. Of those used cars […] [Read More]

Fitch Ratings shared its latest update on the topic becoming more of a pressing issue for finance company executives this year — the performance of subprime auto loan ABS. While analysts noticed overall losses and delinquencies improved again in May, Fitch suspects that “the summer months do not figure to be as kind for the […] [Read More]

The stream of developments from RouteOne continued on Tuesday as the company expanded its partnership with Southeast Toyota Finance, the provider of automotive financing for 176 Toyota dealers in the southeastern United States. The expansion includes eContracting on RouteOne’s automotive finance platform.  RouteOne highlighted that its eContract volume has now exceeded 5 million funded deals […] [Read More]

Global online vehicle auction company Copart has announced the expansion of its Houston location. “For Copart, the saying of ‘everything is bigger in Texas’ rings true for us, especially this year. Expanding our Houston location is just one of many indications of our growth in this great state,” chief executive officer Jay Adair said in […] [Read More]