There is a lot of buzz out there that many companies, including the auction giants with their subsidiaries, are looking at ways to “go around” auctions and lower prices to almost ludicrous value levels. The true buzz should not be discussing “going around” today’s technologically enhanced auctions, but rather seeing them as the core around […] [Read More]

The American International Automobile Dealers Association is offering two opportunities to listen to a free webinar to explain how a vehicle that’s been in an accident can be just as valuable in inventory as any other unit. Coming up on Oct. 20, AIADA’s AutoTalk Series presents an abbreviated 20-minute version of the award-winning presentation on […] [Read More]

The Insurance Institute for Highway Safety has updated its recommendations for used vehicles for teens — and this insight may come in handy for dealers serving newly licensed young people and their often concerned parents. Interestingly, IIHS said the list of recommended vehicles has grown by more than 50 percent, perhaps a result of the ever-improving quality […] [Read More]

The certified pre-owned market is on pace for yet another record year. In fact, the last three months represented the second-strongest quarter for CPO sales ever, according to Autodata Corp.  And that’s certainly good news for franchised dealers. But the benefits, apparently, go beyond retail. Discussing the record year expected for CPO in his latest […] [Read More]

Perhaps owners of Volkswagen diesel vehicles swept up in the recent controversy aren’t unloading these units in droves. However, recent data from Kelley Blue Book and Autotrader indicated that these consumers are at least acquiring more information about what their vehicle still might be worth. According to Kelley Blue Book’s recent website metrics, Volkswagen TDI trade-in […] [Read More]

String Automotive announced new agreements with several large dealer groups on Monday while also highlighting the new local-market focused upgrade to its Dealer Positioning System. String has entered new enterprise-level relationships with the March Hodge Automotive Group, Feldman Automotive and All Star Automotive Group. The company’s latest release of its Dealer Positioning System, or DPS, […] [Read More]

A major move in consumer vehicle finance was announced today. Industrial Alliance Insurance and Financial Services Inc. (iA Financial Group) have entered into an agreement to acquire Ontario-based CTL Corp. CTL Corp. is the largest privately-owned consumer vehicle finance company in Canada. The companies reported the transaction was completed on Friday. CTL — a non-traditional […] [Read More]

A pair of experts from the Global Financial Literacy Excellence Center at the George Washington University School of Business shared their analysis about millennials’ personal finances and highlighted 10 key findings. Coming from the report titled, Gen Y Personal Finances: A Crisis of Confidence and Capability, Carlo de Bassa Scheresberg and Annamaria Lusardi emphasized that […] [Read More]

The National Automobile Dealers Association chose an appropriate time to conduct its Washington Conference with all of the vehicle financing activity that percolated out of the nation’s capital last week. More than 500 franchised dealers and dealer association executives from across the country traveled to Capitol Hill for NADA’s event to attend briefings and meet […] [Read More]

Credit Acceptance recently completed a $75 million revolving secured warehouse facility with an institutional investor.  Under this facility, the company explained it will contribute loans to a wholly owned special purpose entity (SPE) and the SPE may borrow up to the lesser of 80 percent of the net book value of the contributed loans or $75.0 million […] [Read More]