Manheim is currently hosting a national promotion, titled “Pump Up Your Volume,” that is aimed at aiding dealers in their inventory building efforts to prepare for the impending selling season.  The national promotion, expected to drive traffic at all of Manheim’s 79 wholesale auctions, will include offers from DealShield and Ready Auto Transport via a […] [Read More]

While acknowledging there are some murky points about the latest U.S. employment trends that could concern finance companies and their origination departments, Manheim chief economist Tom Webb explained how managers can focus on the most important elements that can keep the contract current and money flowing through receivables. During his quarterly conference call this week, […] [Read More]

Less than seven days after making a trio of executive appointments, NextGear Capital announced two more additions to its leadership team this week. NextGear Capital explained these new roles will allow the inventory finance company to focus on existing integration opportunities with other Cox Automotive business units and better align its sales and marketing teams. […] [Read More]

Loan origination systems provider Financial Network and credit risk management solutions firm Clarity Services recently enhanced their relationship to incorporate Clarity’s new Clear Income Attributes report. Officials highlighted FNI’s loan origination solutions will be strengthened as a result of Clarity’s new report. It’s the intention of both companies to streamline financial services providers’ abilities to […] [Read More]

ADESA has rolled out several enhancements to its website that aim to make buying and selling through ADESA.com easier. Among the main changes listed by the company include the following, as listed by ADESA in its news release: — Direct link from the homepage to inventory eligible for ADESA Assurance, enabling customers to quickly view […] [Read More]

CarProof released data Wednesday that may prove interesting to both consumers and dealers alike. When taking in trade-ins, Calgary dealers might want to take note of the following: According to CarProof data, almost one in three used vehicles have been in an accident or have some type of damage history. And in the whole province of […] [Read More]

The National Independent Automobile Dealers Association is organizing its own resources along with colleagues from Oregon’s independent dealer association in an effort to prevent a bill from becoming law in the Beaver State that could radically alter how buy-here, pay-here dealers can operate. Officials from the Oregon IADA and the newly created NIADA Buy-Here, Pay-Here […] [Read More]

A name familiar to the automotive industry, especially the buy-here, pay-here segment, resurfaced this week as Rod Heasley established a consulting agency to service independent agents specializing in both prime and subprime financing. Heasley, who has 37 years of industry experience, formed KISS Concepts Group, which already has its corporate headquarters in North Carolina and […] [Read More]

Dealertrack Technologies and Digital Air Strike announced Monday that they have entered into channel and product agreements to help their dealer clients drive lead response and generation opportunities. According to the companies, the agreement facilitates the information from the DAS Response Logix Smart Quote to be integrated into Dealertrack’s Dealer.com digital marketing solution and Payment […] [Read More]

All of that profit dealers are generating with record-setting certified pre-owned metal and other used vehicles are keeping wholesale prices at slightly higher levels than a year ago. Although wholesale prices fell in the final two months of this year’s first quarter, Manheim determined that the average level for Q1 came in 1.6 percent higher than […] [Read More]