The first month of 2015 is in the books, and Black Book editorial director Ricky Beggs shared his reactions to last week’s vehicle price movements in the latest “Beggs on the Used Car Market” video report.  Though pointing out that fuel prices continued to fall — by 2 cents and 7 cents for gas and diesel, respectively […] [Read More]

Pre-owned supply is expanding, but securing quality used inventory remains one of the most important items on the to-do list for many dealerships. The company TradePending is looking to make that easier for franchised dealers, as well as helping to provide a simpler way for consumers to get rid of their old vehicles. The company […] [Read More]

Dealertrack Technologies' Michael Collins told SubPrime Auto Finance News during last month’s Vehicle Finance Conference hosted by the American Financial Services Association that the industry is in “very good shape.” January’s used-vehicle sales performance — especially in the subprime and deep subprime spaces — reinforced Collins’ assessment. CNW Research shared late on Super Bowl Sunday […] [Read More]

As part of a trio of company developments, CDK Global announced its Contract Validation solution will be released later this year to Fiat Chrysler Automobiles (FCA) dealerships in the U.S. During the vehicle buying process, the CDK Contract Validation solution can check a vehicle purchase contract for accuracy and acceptability by Chrysler Capital. Contract Validation […] [Read More]

On Monday, EFG Companies launched what it’s calling MAP My Miles — a mileage-only vehicle service contract that can enable consumers to customize their VSC to their personal driving habits. According to a recent EFG survey, 40 percent of consumers nationally said that the terms of the last VSC they purchased ended up being either […] [Read More]

If the latest analysis from CNW Research is any indicator, the number of cars you see out on the lots may be down a bit, with dealers having pulled back on inventory ahead of chillier months. But don’t expect that to last. “In part due to the anticipated winter selling season, many dealerships reduced inventory going […] [Read More]

This month’s used-vehicle sales will likely beat year-ago figures by 1 percent, as the Northeast snowstorm in the latter part of January had little impact on the pre-owned car market, according to CNW Research. The firm is predicting that January will close with more than 2.36 million used sales industry-wide, ahead of the 2.34 million […] [Read More]

Insurance Auto Auctions made its third growth move in the past two months; this time expanding its services at a pair of Ohio facilities. To respond to the demands of the winter season, IAA expanded its Buckeye State branches in Columbus and Cleveland. The Cleveland branch, located on 7437 Deer Trail Lane in Lorain, Ohio, has […] [Read More]

Perhaps spending more than 30 minutes talking about how potential losses in new-vehicle lease business were going to hurt the company’s performance provided the kindling that was lit when an investment analyst asked Ally Financial chief executive officer Michael Carpenter if he would sell off SmartAuction to General Motors or another potential buyer of the […] [Read More]

Despite General Motors enhancing its relationship with GM Financial and Fiat-Chrysler shifting its captive finance company allegiance to Chrysler Capital that’s fueled by Santander Consumer USA, Ally Financial remains confident in its future prospects, sparked in part by the fact that its total originations last year came in at the highest level since 2007. Ally […] [Read More]