As the industry gears up for the early-spring selling season, depreciation is slowing down, per historical trends. According to the latest Guidelines report from NADA Used Car Guide, wholesale vehicles prices were flat in January, falling by only 0.1 percent from December. That said, while the change was slight, January’s decline was slightly worse than […] [Read More]

It’s that time of year again – Auto Remarketing is now officially accepting nominations for the Women in Remarketing Class of 2016. Don't miss the opportunity to honor the exceptional women of the remarketing industry, who drive businesses such as auctions, consignors, dealerships, captive finance companies and more. Do you work with a female colleague […] [Read More]

A recent TransUnion survey found that three in four lenders said it is increasingly difficult to find and acquire new customers. Meanwhile, nearly 75 percent of respondents acknowledged they are challenged by a continued low interest rate environment, which is spurring more competition for a pool of consumers who receive multiple credit offers. Analysts explained […] [Read More]

Continuing a three-decade relationship of supporting the auto financing endeavors of its credit union partners, Enterprise Car Sales calculated that it generated close to $500 million in loan volume to nearly 28,000 credit union members during 2015. Officials highlighted recent reports that show credit unions are steadily gaining market share in auto financing. They added […] [Read More]

Finance and insurance product provider Wise F&I integrated with Dealertrack Technologies this week in an effort to provide dealerships real-time access to Wise F&I products for price quotes and the electronic contracting of aftermarket products through the Dealertrack Aftermarket Network. Through the Dealertrack Aftermarket Network, officials explained the F&I sales and submission processes are all […] [Read More]

Carleton Lending Solutions, a provider of compliant loan calculation and document generation software, recently rolled out its next generation suite of tools, including CarletonCalcs, CarletonDocs, CarletonAccess and CarletonAudit.  Carleton highlighted that its solutions incorporate the latest upgrades to the firm’s LoanSmart Solutions that have been adopted by major lending software providers for more than 20 […] [Read More]

There are over 47 million vehicles in the United States that have at least one unrepaired safety recall. That’s according to a recent analysis from Carfax, who pointed out that these 47 million vehicles are being driven, bought and sold, or sitting on a lot somewhere in our country, either because there’s not a fix […] [Read More]

Quorum Information Technologies Inc. announced this week it has successfully implemented its dealership and customer management system in its first Ford dealership in Canada. The XSELLERATOR system is available to all Ford and Lincoln dealerships in Canada, and Sunset Country Ford agreed to pilot the newly developed Ford integration. "As the first Ford dealer to […] [Read More]

The good news for Group 1 Automotive’s used-vehicle department: The dealer group turned 12.1 percent more used models in 2015 than its stores did a year earlier. The not-so-good news for Group 1's used performance: Margins on those retail sales softened by 6.3 percent year-over-year. Company officials shared their fourth-quarter and full-year financial report on […] [Read More]

Mobials, the software developer behind Reviewsii.com car dealer review website, and autoTRADER.ca, announced this week the winners of their 2016 Dealership of the Year Awards program. To be considered, dealers must have demonstrated consistently high Reviewsii ratings for consumers satisfaction, that would have put them at the top of their class. The Reviewsii rating is […] [Read More]