As an industry compliance expert tried to explain how complicated it might be to unwind installment contracts and leases, NADA Used Car Guide confirmed that its values are being used to generate the figures associated with the Volkswagen diesel emissions settlement announced on Tuesday. The data denotes how much the OEM will pay owners to buy […] [Read More]

Imagine if you could choose the sales associate from whom you will buy your next car — before you even set foot in the dealership. With Surge Curve, you can do just that. The web-based "meet the sales team" tool launched Tuesday with 12 beta active sites, and the company is seeking 12 additional retailers to […] [Read More]

The XLerate Group has purchased the EPI-El Paso auction from the McConkey Auction Group. With the addition of EPI, XLerate now has Texas auctions in Austin, Dallas and El Paso, plus its locations in California, Florida, South Carolina, Michigan and Wisconsin. “EPI is the latest step in XLerate’s plan to grow our business, footprint, and […] [Read More]

DealerSocket’s FEX DMS has added to independent dealers’ payment processing options by fully integrating with ProPay’s LenderPay platform, a credit processing platform for complete, end-to-end payment solutions that are designed to be simple, secure and affordable. The company highlighted this partnership will provide FEX users with more options to select the credit processor that best […] [Read More]

Experian has released findings from an analysis that examined vehicles on U.S. roads to see how many were manufactured in America. According to the analysis, nearly 60 percent of all light-duty vehicles on the road were assembled domestically, while the rest were built in Canada (12.6 percent), Japan (11.1 percent), Mexico (7.4 percent), Germany (4.3 […] [Read More]

Described as a “painful pill to swallow,” Volkswagen is going to have to spend nearly $15 billion to settle with federal regulators and consumers involving vehicles associated with a diesel emissions controversy. In two related settlements — one with the United States and the state of California and one with the Federal Trade Commission — […] [Read More]

KAR Auction Services and Toyota Motor North America have been named to the CIO 100 list for 2016. KAR said in a news release last week about its inclusion that the list spotlights 100 companies that are “driving business value through IT innovation.” The winners will be recognized at the CIO 100 Symposium in August. […] [Read More]

Automotive marketing and advertising company Jumpstart Automotive Group released its latest shopper study on Monday, drilling deeper down into the behavior patterns of women and millennials as well as Asian and Hispanic shoppers. While each of those demographics showed some unique characteristics, Libby Murad-Patel pinpointed what might be most important to dealerships on how to […] [Read More]

General Motors Financial rolled out its North American vehicle lease program during the second half of 2014 and became the exclusive provider for the parent automaker — assuming captive finance company status — early last year. As a result of those moves, GM Financial determined that leases now make up the largest portion of its […] [Read More]

The weather forecast may be favorable, but new historical forecast data from Black Book shows the outlook for small cars — particularly subcompacts — is not so sunny. Vehicles in that segment, including such models as the Toyota Yaris and Prius, Nissan Versa, Kia Soul, Honda Fit, Ford Fiesta and Chevrolet Spark, have depreciated 26.1 […] [Read More]