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]

EY, a provider of assurance, tax, transaction and advisory services, has announced that Autobytel president and CEO Jeff Coats is a finalist for its Entrepreneur Of The Year 2016 Award in Orange County, Calif. The awards program, in its 30th year, recognizes entrepreneurs who demonstrate excellence in areas such as innovation, financial performance and personal […] [Read More]

Canadian auto auctions are officially adopting the National Auto Auction Association’s uniform system of used-vehicle quality standards next month, NAAA said in a news release late Tuesday afternoon. Beginning June 1, Canadian auctions will implement NAAA’s National Certification Standards, meaning the association’s entire North American membership will have access to the program that NAAA launched […] [Read More]

Two automakers this week announced they had formed partnerships with popular ride-sharing providers. Toyota Financial Services announced a strategic investment in Uber that will allow Uber drivers to lease their vehicles through Toyota and cover their payments through their rideshare earnings. The Volkswagen Group, meanwhile, said it has made a $300 million investment Gett (formerly […] [Read More]

The laws governing car dealers and the auto industry can be, to put it mildly, complex. Marc Bonanni, the new associate general counsel at Beepi, would know. He has been an attorney in the auto industry for 32 years, holding counselor positions at places like Autobytel and Peugeot Motors of America. He has also worked […] [Read More]