Dominion Dealer Solutions announced this week that its Dominion ACCESS dealer management system is the first system of its kind to achieve General Motors’ Vehicle Invoice Service (VIS) version 2.2 integration. This software can improve inventory management support to automotive dealers, so they can know which vehicles to stock based on the available data. “Our […] [Read More]

Attendees at last week’s ACA International 2016 Convention & Expo in Denver heard first-hand from the Consumer Financial Protection Bureau about its potential regulatory moves in the collection space. Officials from ACA International, the Association of Credit and Collection Professionals, pointed out the CFPB has yet to put out a notice of proposed rulemaking regulating […] [Read More]

 If you mapped out the metropolitan areas where leasing is strongest, it would closely resemble the Big Ten and Big East basketball territories from the good ole days. In terms of lease penetration rates, the Northeast and the Great Lakes area of the Midwest dominated the top of the list in the first quarter, with the Motor […] [Read More]

This is not your father’s Daewoo. In fact, if you’re a member of Generation Z, it’s quite likely to be yours. According to an Edmunds.com analysis of vehicle registration data from Polk, U.S. drivers age 18-24 purchased 191,096 used cars (versus 27, 670 new) during the first four months of the year. Of those used cars […] [Read More]

Fitch Ratings shared its latest update on the topic becoming more of a pressing issue for finance company executives this year — the performance of subprime auto loan ABS. While analysts noticed overall losses and delinquencies improved again in May, Fitch suspects that “the summer months do not figure to be as kind for the […] [Read More]

The stream of developments from RouteOne continued on Tuesday as the company expanded its partnership with Southeast Toyota Finance, the provider of automotive financing for 176 Toyota dealers in the southeastern United States. The expansion includes eContracting on RouteOne’s automotive finance platform.  RouteOne highlighted that its eContract volume has now exceeded 5 million funded deals […] [Read More]

Global online vehicle auction company Copart has announced the expansion of its Houston location. “For Copart, the saying of ‘everything is bigger in Texas’ rings true for us, especially this year. Expanding our Houston location is just one of many indications of our growth in this great state,” chief executive officer Jay Adair said in […] [Read More]

Tom Folliard didn’t mince words. “The first quarter of FY17 was a challenging one for us,” the CarMax chief executive officer said during a conference call Tuesday discussing the company’s first quarter earnings report. Total revenues increased by 2.8 percent, he said, while used unit comps were slightly positive — up 0.2 percent — and […] [Read More]

KAR Auction Services business unit Insurance Auto Auctions rolled out its newest offering on Tuesday, something the salvage auction company is calling IAA Express Notary. Officials highlighted this service allows for the electronic assignment of title documents in an attempt to shorten the cycle time significantly for total loss settlements. This tool is the newest […] [Read More]

In a Black Book graph showing year-to-date used-vehicle value movements, the trend line for trucks shows more waves than the line for car segments. But lately, both are consistently moving downward, the company said in the latest Black Book Market Insights report. “Both car and truck segments are starting to show a consistent depreciation rate […] [Read More]