Cloud-based customer engagement solutions provider GoMoto recently finalized integration with Kelley Blue Book to help dealership customers and shoppers see trade‐in values right on the showroom floor as part of the overall vehicle‐buying experience. By integrating GoMoto’s customer experience platform with information from Kelley Blue Book, dealers can offer the appraisal tool as part of […] [Read More]

Perhaps the sprouts of a springtime wholesale price rise now really are starting to germinate. According to ADESA Analytical Services’ monthly analysis of wholesale vehicle prices by vehicle model class, used-car prices in March averaged $10,815. The figure represented a 6.0-perent increase compared to February and a 1.7-percent uptick relative to March of last year.  Continuing a now-familiar […] [Read More]

Editor's Note: This updates the April 15 story with updated data and clarifications from NADA.  There were 18.9 million used-car sales (including retail and wholesale) by the franchised dealership body last year, of which 14.6 million units were retailed.  That’s according to the latest NADA DATA report from the National Automobile Dealers Association, a portion of which was […] [Read More]

The Consumer Bankers Association asked Georgine Muntz, chief operating officer of defi SOLUTIONS, to be a presenter during its annual conference earlier this spring. After gathering key points from other experts who shared presentations at CBA’s event, too, Muntz decided to offer a bonus. Along with giving another opportunity to download her presentation titled, “Driven […] [Read More]

Along with making a move connected with their preferred stock, Ally Financial officials opened their new office space located at 500 Woodward Ave. in downtown Detroit this week. The building, named Ally Detroit Center, will be occupied by more than 1,500 Ally employees and third party contractors on 13 floors. The company highlighted the new […] [Read More]

When it comes to holding their values, Acura and Toyota have earned top billing yet again. The two brands won the luxury and mainstream categories, respectively, in the Edmunds.com Best Retained Value Awards, which the firm released on Thursday. The awards are based on the 2016 model-year vehicles with the highest projected residual values after five […] [Read More]

Ken Shilson and Dustin Kerr spent weeks going over performance data from buy-here, pay-here dealerships nationwide along with portfolios from their related finance companies. Now the industry experts have finalized the new Benchmarks and Trends Report that will be shared during next month’s National Conference for BHPH hosted by the National Alliance of Buy-Here, Pay-Here […] [Read More]

Swapalease.com reported on Thursday that lease credit approvals are lower again after a hike in February levels. Site officials indicated lease credit approvals for March finished at 66.7 percent, down from the February mark of 70 percent. The site suspected that lease credit approvals may be falling back into the trend of late 2015, with […] [Read More]

Currently, used-car certification programs are now available through most, if not all, major car manufacturers and are joined by numerous warranty companies touting their own versions of vehicle certification. The certified pre-owned market has broken sales records in each of the past five years, and all data point towards 2016 as another record-breaking year for CPO sales. […] [Read More]

A vivid partisan divide appeared again this week when the U.S. House Financial Services Committee approved a measure that would place budget appropriations for the Consumer Financial Protection Bureau within Congressional jurisdiction. The committee approved what is being called the Taking Account of Bureaucrats’ Spending Act by a vote of 33-20 with the entire opposition […] [Read More]