Larry H. Miller Dealerships, in conjunction with Safe Kids Arizona and local first responders, announced Wednesday the group will host car seat safety checks throughout the month of September for National Child Passenger Safety Month. LHM dealer locations from Phoenix to Tucson, Ariz. will host the events every weekend in September from 9 a.m. to […] [Read More]

In the State of the Automotive Finance Market report released Wednesday by Experian Automotive, Melinda Zabritski detailed the healthy trends being spotted in car financing through the second quarter of this year. Prior to this report, Zabritski shared a few other auto financing-related trends as part of Auto Remarketing’s annual Power 300 issue. Below is our […] [Read More]

Dominion Dealer Solutions announced Wednesday its dealer management system, Dominion ACCESS, has now begun integration with J.D Power’s Power Information Network, or PIN. Via PIN, which serves over 12,000 franchises in North America, Dominion ACCESS is now integrated into J.D. Power’s PowerDealer tool, capable of creating customized, real-time F&I reports. According to Dominion, there are […] [Read More]

Depreciation slowed marginally in July, though downward pressure proved to be a bit worse than historically seen in mid-summer. That’s according to the latest Guidelines report from NADA Used Car Guide, which reported prices of used vehicles up to 8 years in age fell by 2.2 percent last month from June rates. This hit about […] [Read More]

Prices at auction were on the way up in July — more so than expected on a seasonal basis. That’s according to the ADESA Canada Used Vehicle Price Index, powered by ALG, which after being updated for July showed an average wholesale price increase of 0.5 percent from June. "Price movements by segment were mixed […] [Read More]

Generally speaking, auto loan payments are being made on time these days, as Experian Automotive shows in its latest State of the Automotive Finance Market report. But how are the different regions of the country faring? First, let’s look at the overall statistics. For the second quarter, the 30-day delinquency rate for the period was […] [Read More]

The fastest growing auto loan balances in nearly a decade and record loan dollar volumes? Check. The lowest second-quarter 30-day delinquency rate in five years? Check. Strong auto sales? Check. Oh, and there’s balanced portfolio distribution amongst the credit tiers. “The automotive loan market is working the way it’s supposed to, with loans being made, […] [Read More]

Wolters Kluwer Financial Services recently announced the newest version of its AppOne indirect loan origination platform, designed specifically for automotive, marine, powersports and recreational vehicle dealers. The company outlined the solution’s enhancements, including self-service capabilities for dealers to help facilitate with financial institutions, integrate third-party applications (such as DMS) and take credit applications securely online. […] [Read More]

Not only are there more franchised dealerships in the United States than there were at the end of 2014, but the average number of new-vehicle sales per dealership is also trending toward an all-time record. That’s according to statistics from Urban Science, which has released its 2015 midyear Automotive Franchise Activity Report. The data shows that the number […] [Read More]

There continues to be a great deal of misconception in sales managers’ thinking about why they’re not able to increase used-vehicle volume. Industry metrics confirm that those dealers not performing at a minimum 1-to-1 new-to-used retail sales ratio are just not participating in the opportunities of the current market. So why do our managers continue […] [Read More]