Total U.S. bankruptcy filings now are on a streak stretching back more than four years. During each month of the run, filings have declined year-over-year, according to data provided by Epiq Systems to the American Bankruptcy Institute. This year began with January filings decreasing 14 percent, leaving the bankruptcy filings total at 59,037. During the […] [Read More]

CreditMiner, a technology solution that can provide the ability to pre-qualify and pre-screen automotive consumers on Experian, Transunion and Equifax bureau platforms, recently finalized an integration with customer contact management, CRM and dealership software provider ELEAD1ONE. The companies highlighted that now dealers can pre-qualify consumers online or pre-screen in-store to instantly receive a vast array […] [Read More]

January was a great month for some models and not so great for others according to a Cars.com report on used-vehicle pricing increases and decreases. The model with the largest percentage change for the month — based on Cars.com data on used-vehicle listings with model years ranging from 2012 through 2014 — was the Chevrolet Express 1500, a […] [Read More]

The top executive at Group 1 Automotive doesn’t foresee a “dramatic” fall-off in used-car prices, and while there are certainly downward pressures on values, Earl Hesterberg pointed out a few mitigating factors at play when he addressed questions during the company’s quarterly conference call. In the Q&A portion of Thursday’s call, an analyst brought up […] [Read More]

Kentucky’s men’s basketball team just won the most recent of its eight NCAA national championships the last time used-vehicle values rose to the level Manheim determined as the January reading. Manheim reported that wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased in January for the fourth consecutive month. This movement pushed […] [Read More]

CarLingo, an online car-shopping resource, has announced a few additional functions to its site designed to help consumers throughout the shopping process. Having already provided tools to help consumers select a car and get guidance on price, CarLingo has added sections to help consumers with trade-ins, monthly payments and dealership selection. In its news announcement […] [Read More]

Newly appointed Ally Financial chief executive officer Jeffrey Brown wasted little time articulating how he will steer the company. Brown hosted his first conference call with the investment community on Thursday, just three days after succeeding Michael Carpenter in the CEO chair. A primary spot where Brown thinks Ally is underachieving is the amount of […] [Read More]

Electronic payment and banking solutions provider ACI Worldwide pointed out that recent research from Mercator Advisory Group showed 62 percent of consumers demand faster bill pay services than the Automated Clearing House (ACH) plans to deliver. In light of that trend and how many finance companies leverage the ACH platform to collect monthly payments, ACI […] [Read More]

IDDS co-owner and vice president Max Zanan recently became the latest F&I executive to pass the certification exam orchestrated by the Association of Finance & Insurance Professionals (AFIP). Zanan passed the AFIP test in January. Based in New York City, IDDS provides F&I products, training and consulting services to dealers in New York and Florida. Zanan […] [Read More]

TRADER Corp. announced recently that it is joining forces with the Canadian International AutoShow in Toronto to host Industry Day on Friday, Feb. 13. The event, titled as Industry Day, “Secrets of the Auto Intender,” will feature keynote speaker Billy Beane, the general manager of the Oakland A’s. Several key industry leaders will demonstrate the […] [Read More]