So here’s a statistic you might find alarming. Seventy percent of cars displayed for sale online have missing or improperly described factory option information, says Ned Nielsen, chief executive officer of MonroneyLabels.com.This finding is based on the company’s own internal research when it was building MonroneyLabels.com, Nielsen told Auto Remarketing.  This can lead to dealers […] [Read More]

The American Recovery Association recently highlighted the enhanced performances that members who participate in the exclusive ARA insurance program enjoy. ARA indicated these members have an average loss ratio 20 percent below the industry average. The association explained this program-wide loss ratio allows a dividend back on insurance premiums for all program participants. The exclusive […] [Read More]

A double-digit rise year-over-year in what TransUnion classifies as serious delinquencies above a level not seen in five years might prompt pessimistic auto finance observers and executives to reduce originations immediately and turn up the intensity in collections in hopes of keeping as many installment contracts current as possible. When SubPrime Auto Finance News spoke […] [Read More]

Manheim has promoted three people with a combined 55 years of experience with the company to general manager positions. Kevin Cook (Manheim North Carolina), Jesse Nelson (Manheim New York) and Bonnie Williams (Manheim South Houston) assumed their roles on May 2. “These new general managers know the ins and outs of the dealer business, after […] [Read More]

F&I Express recently finalized an integration with First Equity Payment to better serve their dealership clients by fully integrating their eContracting capabilities. F&I Express has aggregated a network of more than 110 automotive aftermarket insurance providers in an online portal accessible by its dealers. “First Equity Payment is an acknowledged innovator in automotive payment processing,” […] [Read More]

Manheim has expanded to Quebec City, making it the company's second auction in province of Quebec and its sixth in Canada. “By expanding our inventory service offerings in Quebec City, we will be able to better support our clients, adding value and convenience,” Maria Soklis, president of Cox Automotive Canada, said in a news release. Manheim […] [Read More]

It’s ubiquitous to the waiting room, whether you’re at the dentist, dry cleaner or dealership. That TV, serving up cable news or daytime talk shows as background noise — alongside the long-expired People magazines strewn across the coffee table. The problem with this scene, if you’re a dealer, is not just that your competitor’s advertisement […] [Read More]

Businesses of all stripes have tried the inflatable gorilla, Uncle Sam spinning a sign and whatever you call that tall, wavy windsock. Sure, they might catch the eye of a passer-by. But so can the actual product you’re selling — especially if it’s a spinning vehicle lifted 10 feet in the air. That’s the idea […] [Read More]

Softening car prices continued to be the talk among Black Book’s editors; so much that they dedicated much of this week’s Black Book Market Insights report to take a comparative look at how car segments have performed year-to-date in 2016 versus the same period last year. According to Black Book data and analysis, all car […] [Read More]

Copart, an online vehicle auction company with more than 150 locations throughout the U.S., has opened a site in Colorado Springs. The 20-acre venue, the company’s second in Colorado, will hold its first auction Wednesday featuring 430 vehicles. "We are excited to announce the opening of our second location in Colorado to help us accommodate […] [Read More]