This week, credit report and compliance solutions provider Credit Bureau Connection (CBC) rolled out dealer access to income and employment data instantly, at point-of-sale through The Work Number, an Equifax service. CBC highlighted that having fast access to income and employment data can enable dealers to close more sales by eliminating the risk of losing […] [Read More]

As dealerships continue to modernize and position their F&I services to deliver a more engaging and compliant customer experience in less time, their need for timely information, best practices and how-to tips is increasing. In response, MaximTrak Technologies, an F&I technologies platform and services provider, recently launched a new interactive technology website and content-rich learning […] [Read More]

Lithia Motors added two stores in the Western U.S. to its lineup this week. The dealer group, one of the largest in the country, has purchased Crown Chrysler Jeep Dodge Ram Fiat in Concord Calif., and Bennett Motors, located in Great Fall, Mont. The company expects the two new acquisitions to bring in an estimated $75 […] [Read More]

Selectbidder, a Canadian auto tech company best known for its auction-centric dealer trade networking platform for trade-in vehicles, launched its product in the United States market last month and officially announced its first American auction partner on Tuesday. Eighteen-hundred miles away from Selectbidder’s Moncton, New Brunswick home is Melbourne, Fla.-based Space Coast Auto Auction, who will utilize […] [Read More]

Ken Shilson is giving operators an offer perhaps most of their customers might want — a money-back guarantee. To reinforce what the National Alliance of Buy-Here, Pay-Here Dealers is orchestrating for its upcoming East Coast Conference, Shilson indicated this week that dealer attendees will be able to gather these seven elements to help their business […] [Read More]

Swapalease.com reported lease credit approvals have finished above 80.0 percent approvals mark during the last three months. The development marks the first time approvals have shown this level of success in more than two years. So far in 2015, site officials indicated, lease credit approvals rate have moved up to 72.2 percent. The site also pointed […] [Read More]

Online vehicle retailer Carvana has set up shop in Houston, its second stop in the Lone Star State after adding Dallas to its list of markets earlier this year. Offering its free, next-day delivery services to the estimated 7.7 million consumers within a 100-mile radius of the Houston city center, Carvana now brings its physical […] [Read More]

New analysis from the Mercatus Center at George Mason University reviewed the law and economics of consumer debt collection and its regulation. The expert who compiled the report insisted that the Consumer Financial Protection Bureau should consider all the potential consequences of new regulation — both intended and unintended — to ensure that it will benefit […] [Read More]

Dealer-to-dealer auction platform TradeRev and ADESA Vancouver announced today a partnership with one of the country’s fastest-growing dealer groups. The two companies are entering an exclusive used-vehicle trade-in partnership with Canada’s OpenRoad Auto Group, which was featured in this year’s Auto Remarketing Canada Leading Dealer Groups Issue. Now, all of OpenRoad Auto Group’s trade-in units […] [Read More]

Amid the evolving diesel emissions scandal involving Volkswagen’s TDI models, many analysts are watching the situation closely for any dramatic shifts in these models' residuals and sales. In other words, what impact will the alleged “defeat device” software and the resulting firestorm from regulators and the EPA have on consumer and dealer interest in the […] [Read More]