In a move executives see as a pathway to satisfy regulators’ concerns, DealerSocket capped off its User Summit on the West Coast on Thursday by announcing a development with Dealertrack Technologies. The two technology companies entered into a definitive agreement under which DealerSocket will acquire Dealertrack’s Inventory+ business in an all-cash transaction for approximately $55 […] [Read More]

After nearly 8-percent year-over-year growth in the second quarter, auction volume through the first half of 2015 stands 7.3 percent ahead of the levels reached in the opening six months of 2014. That’s according to AuctionNet data cited by the NAAA’s latest Auction Industry Report. The report, compiled by NAAA economist Ira Silver, indicates that […] [Read More]

While men might be more interested in electric- and diesel-powered vehicles, women may be more open to the integration of technology in vehicles for the purpose of navigation and safety concerns. These are the results of two completely separate studies on how men and women feel about varying levels of technological advancement and fuel types […] [Read More]

If you’re a dealer in college town or a city with a good number of folks ready to head  off to school, you may want to pay attention to the latest used-car list from Edmunds.com. The site has pinpointed what it considers to be the 11 best used cars and SUVs for college students, based on their […] [Read More]

Manufacturers of subcompact SUVs and crossovers, worldwide, have a specific demographic in mind when marketing these types of vehicles: young adult, educated, entry-level shoppers. That’s according to a recent analysis by Frost & Sullivan, titled Strategic Analysis of the Global Subcompact SUV and Crossover Market, which presents an analysis of the two areas of significant growth in recent […] [Read More]

In his debut commentary video, ADESA chief economist revisited one of the year’s most notable events — average wholesale vehicle prices softening below $10,000 last month. To be exact, wholesale used-vehicle prices for July came in at an average of $9,878, a 3-percent drop from June, but a 1.4-percent increase relative to July 2014, according to […] [Read More]

A day after the latest auto loan default data showed only marginal movement, TransUnion reported on Wednesday that its information shows the national auto loan delinquency rate declined to its lowest level in two years. TransUnion’s auto delinquency rate — the ratio of borrowers 60 days or more delinquent on their vehicle installment contracts — […] [Read More]

Even the freshest law school graduate likely understands the concept of, “If you didn’t document it, it didn’t happen.” In an intensifying regulatory world where compliance training is becoming more important, the National Automotive Finance Association highlighted how several major institutions already are leveraging a new education program so finance companies can have a document […] [Read More]

EFG Companies and Northwood University are collaborating again, this time for an F&I competition designed to “jolt” the industry into a higher standard of innovation.  A new accolade to be held annually, officials highlighted the F&I Innovator of the Year program will pit six teams of Northwood’s junior and senior undergraduate automotive marketing and management students against […] [Read More]

CU Direct Connect (CUDC), a participant in the Colorado automotive financing market that provides indirect services to credit unions and dealers, announced the upcoming availability of a custom auto loan risk score designed by FICO. Officials highlighted this new score — which is expected to be available during the third quarter — is geared to […] [Read More]