The Greater Rockford Auto Auction announced recently that it has hired a new national sales manager. Formerly the general manager of Manheim New Mexico, John Smith takes on the new role along with the responsibilities of overseeing sales and marketing efforts at the auction. Smith has 22 years of auction experience, now coming back to […] [Read More]

Almost 16 years ago, Autotrader launched its online automotive marketplace. Today, the company is recognizing its evolution into a digital solutions company offering a suite of tools that make car buying and selling easier for consumers, dealers and manufacturers with the launch of a new logo and brand identity. "This new brand identity reinforces the […] [Read More]

Add LendingTree to the list of industry observers and players who don’t see a “bubble” coming in the subprime auto finance space. LendingTree analyzed the credit scores of subprime borrowers for vehicle installment contracts the company originated last year and found two distinct patterns. During the one-year period ending Dec 31, the monthly average of […] [Read More]

Along with outlining the company’s upcoming training opportunities to help dealership F&I managers, Autosoft recently announced that StoneEagle has completed the certification process for integration with the FLEX DMS as part of Autosoft’s FLEX Connect program. StoneEagle offers fully supported Web-based applications that can help dealers manage performance, accountability and production across their F&I and […] [Read More]

On Feb. 18, a coalition of industry trade groups, including the American Financial Services Association and the national Chamber of Commerce, sent a letter to the Consumer Financial Protection Bureau. In the letter, the coalition asked the CFPB to publicly respond to the 2014 Charles River Associates’ study, which found that the methodology used by […] [Read More]

After news broke that powertrain warranties on 2016 model-year Chevrolet and GMC vehicles were being reduced from 100,000 miles to 60,000 miles, Kelley Blue Book’s Eric Ibara weighed in on how this may impact resale values for these vehicles. Rest assured: there probably won’t be any measurable fallout. In fact, Ibara said, the certified pre-owned […] [Read More]

The Dealers Auto Auction of Oklahoma City held its first of several March Madness themed sales, which was also celebrated in conjunction with its 28th anniversary, this past Thursday. Its second sale following the theme will be held on Thursday of this week. “At our sales on March 12 and 19, our customers can participate […] [Read More]

The California New Car Dealers Association (CNCDA) recently selected DealerVault as a licensed vendor for one of the nation’s largest franchised store associations representing more than 1,100 members. CNCDA acknowledged dealerships are routinely asked for access to their data by vendors that range from listing inventory online to managing CRM systems. Some dealers may give […] [Read More]

One of the coldest February in years that brought record-breaking snowfall and temperatures with it had a direct impact on used-car prices. And with this slowdown in price growth and disruption to dealers and buyers, pent-up demand is expected to push prices higher than expected this month. That’s according to data shared in the latest […] [Read More]

Think of the amount of times you’ve heard these lines from customers looking to buy a vehicle but they have soft credit histories. “But I’ve made my rent payments every month. Same with my Verizon contract. Why is my credit still bad?” A recent TransUnion survey showed consumers still are largely confused about what affects […] [Read More]