Findings from a recent Autotrader survey released on Wednesday showed 70 percent of respondents expect to receive a tax refund this year. Perhaps better yet for dealerships and finance companies, Autotrader’s survey conducted in February that included 550 U.S. adults contained information that might goose turns and originations. Site officials highlighted that of the 27 […] [Read More]

A wide array of technology providers in the auto finance space — including EFG Companies, F&I Express, RouteOne, National Credit Center and eLEND Solutions — all recently either formed new partnerships or rolled out enhancements to their solutions aimed at helping dealerships and finance companies. The latest development spotted by SubPrime Auto Finance News was […] [Read More]

It hasn’t even been a month since the National Automobile Dealers Association hosted its annual Convention & Expo in Las Vegas, but NADA’s staff is already looking ahead to the 2017 event in New Orleans. On Tuesday, NADA issued a call for 2017 convention workshop proposals, which the association described as one of the event’s […] [Read More]

Carvana is continuing to spring up throughout the Sunshine State as the online vehicle retailer set up shop in Miami on Tuesday, having already a presence in Jacksonville, Orlando and Tampa. Through this expansion into south Florida, the company estimated that it can deliver to nearly 44.7 million consumers nationwide, more than 5.1 million of whom […] [Read More]

It has been unseasonably chilly and cloudy near the North Carolina offices of Auto Remarketing in recent days — to the point where it doesn't quite feel like spring.  Folks selling used cars in the wholesale market probably can relate.  Black Book released a pair of analyses on Tuesday, one detailing wholesale price movement over […] [Read More]

Consumers who buy certified pre-owned vehicles are loyal to the automaker more than 62 percent of the time, according to a presentation from Experian Automotive at the NADA Convention and Expo here earlier this month. Their manufacturer loyalty rating (62.2 percent) trails that of new-car buyers (64.8 percent) but is nearly three points higher than non-CPO used […] [Read More]

As first reported by The Banks Report, Holman Automotive announced on Tuesday that it will acquire Kuni Automotive in a deal that executive say creates one of the largest privately owned dealer networks in the country. Holman added the deal also ensures a long future for a major charitable foundation. The dealer group highlighted the […] [Read More]

In a matter associated with intellectual property and information security, Digital Recognition Network announced on Tuesday that the company has entered into a settlement agreement to resolve the litigation accusing four repossession agencies of breaching their license agreements with DRN, misappropriating DRN’s trade secrets, and violating the Federal Computer Fraud and Abuse Act and Texas’ […] [Read More]

KAR Auction Services said Tuesday it has launched a Data Science Solutions Group that aims to help customers improve business decisions through analytics and predictive modeling. KAR DataSci will be led by Dr. Huey Antley, who was most recently vice president of marketing analytics for KAR’s Automotive Finance Corp. subsidiary. Antley will report to KAR […] [Read More]

Barrett-Jackson tabulated that it sold more than $23.2 million in collector cars and automobilia while attracting dramatically more bidders and attendees during its 14th annual Palm Beach Auction this past weekend. On Monday, the company highlighted this year’s Barrett-Jackson Palm Beach auction increased sales year-over-year with a higher average vehicle price in front of 65,000 […] [Read More]