Looking back on November’s wholesale results, the picture painted is very much similar to previous months: Average auction prices were up month-over-month but flat year-over-year. And the uptick was largely due to truck prices. Wholesale vehicle prices in November averaged $9,883, an increase of 1.1 percent compared to October. This was 0.1 percent higher than year-ago figures. […] [Read More]

On the final page of its Q3 2015 Used Vehicle Market Report, Edmunds.com provides a pair of graphs that give a glimpse of the future in store for used-car inventory. The second of those graphs shows the combined OEM sales to rental fleets and leases in each of the five years prior to 2015. As you […] [Read More]

Veteran F&I managers might remember a time when stretching terms beyond 36 months to complete the financing for a used-vehicle installment contract seemed outlandish. Now getting deals bought and used models delivered with terms double that term length is more commonplace. In its Q3 Used Vehicle Market Report, Edmunds.com provided further evidence to the degree […] [Read More]

Occurring in part because of the concentration of finance companies in the area, the National Automotive Finance Association is hosting the next in-person session to create another cohort enrolled in its Consumer Credit Compliance Certification program in the Dallas area. The NAF Association will conduct the opening module of the four-part training endeavor at the […] [Read More]

Ally Financial announced this week that the finance company now will have full eContracting capabilities available to dealers nationwide through RouteOne’s indirect auto financing platform. Executives explained the solution can provide retail contract validation, signature and distribution — all done electronically. It is supported by open integrations to leading dealer management system (DMS) providers in […] [Read More]

The American Financial Services Association launched a completely redesigned website this week. AFSA officials highlighted their new website, designed in partnership with Engage Software headquartered in St. Louis, has a modern design and is constructed to be user friendly. “AFSA’s goal was to develop a site that will become the go-to source for consumer finance […] [Read More]

As the number of off-lease vehicles entering the remarketing cycle continues to grow — another 800,000 are expected to hit the market next year — the average transaction prices for used vehicles are on the way up. Many of these off-lease vehicles are near-new, and in light of the influx of these models, the Edmunds.com […] [Read More]

Wholesale prices fell for the third month in a row in November but remain elevated in light of low supply. According to the ADESA Canada Used Vehicle Price Index, powered by ALG, wholesale prices fell on average by a slight 0.1 percent this past month. ALG’s Canada regional director Geoff Helby reported almost all vehicle […] [Read More]

A new online vehicle broker service has recently hit the Web, and the inspiration for the new company stemmed from frustration with the current car-buying process. KosLo’s chief executive officer and founder Devin Koskan may not have a background in the auto industry — but he has, of course, purchased vehicles before, which helped spark […] [Read More]

Whew, what a day.  Several announcements were made Thursday regarding new and ongoing issues related to three different automakers — and they were quite substantial. These evolving matters include an update on Volkswagen’s diesel situation, the final report on General Motors’ ignition switch compensations to those affected, and a civil penalty brought against Fiat Chrysler Automobiles […] [Read More]