A recent research study conducted by Blackhawk Engagement Solutions shed light on several aspects of automotive shoppers around the country, revealing that many use their smartphones to compare prices. And the majority use retail websites as one of their top sources for comparing prices on automotive products. Looking at the specifics of the “Where It’s […] [Read More]

Not surprisingly, used-vehicle depreciation slowed a bit last month, after May’s market correction stemming from tax season highs. And with relatively stable depreciation predicted for the rest of 2015, NADA Used Car Guide explained that strong prices for trucks are making up for weaker rates in among the car segments. According to the latest Guidelines report […] [Read More]

Two of the largest players in the GPS technology space now are under the same corporate umbrella. Spireon, a portfolio company of Bertram Capital, on Wednesday announced the acquisition of privately held Inilex, another provider of GPS recovery software solutions. Inilex’s main product, Skylink, can enable dealers to significantly increase their financial and insurance revenue […] [Read More]

Exactly two weeks before a consent order involving American Honda Finance Corp. came to light, documents the Consumer Financial Protection Bureau shared by anonymous sources generated online reports about the forthcoming regulatory developments. Now, the National Automobile Dealers Association wants to know the entirety of an internal CFPB memo that sparked that initial report. Earlier […] [Read More]

NextGear Capital recently announced plans to expand into 30 additional markets across the U.S. The company indicated that its enhanced technology offerings, flexible terms and customer service have led to an increase in customers, resulting in the need for these additional markets. As a result of this expansion, which the company projects to be completed […] [Read More]

BillingTree highlighted a string of new developments on Wednesday, including the launch of Payrazr, a comprehensive suite of in-house developed payment solutions. The company also revealed a completely refreshed corporate branding, redesigning its logo, adopting the tagline “Growing Payments with Technology” and revamping its website. Officials explained BillingTree’s Payrazr platform can supply technology to complement […] [Read More]

AUL Corp. has worked with dealers and agents to sell extended service warranties to their vehicle buyers for the past 25 years. On Tuesday, AUL chief executive officer Luis Nieves rolled out a pair of products that are being targeted directly at consumers in most every state. The two products are Trustmark Warranty and Seller’s […] [Read More]

Sixty to 70 percent. That’s the varying statistic of visitors on the Canadian Black Book website that say, during its evaluation process, they’re interested in purchasing a vehicle in the next month. That’s according to the Brad Rome, CBB’s president, while discussing his company’s motivations with Auto Remarketing Canada behind its June 29 launch into […] [Read More]

When planning transport of pre-owned vehicles, a little planning can go a long way in saving you time and money. Just knowing about how various parts of the supply chain operate can give you the insights to help optimize vehicle transport. The dispatchers and customer service reps at vehicle transport companies can be a wealth […] [Read More]

Four industry associations all raised various concerns on Tuesday about the consent order released by the Consumer Financial Protection Bureau and Department of Justice involving American Honda Finance Corp. To recap, along with paying $24 million in restitution, Honda’s captive is being instructed to restrict dealer markup to 125 basis points or lower, depending on […] [Read More]