Even though some automotive analysts worry that millennials simply don’t drive as much as previous generations and put much less emphasis on vehicle purchases, recent studies suggest otherwise. First off, TrueCar projects millennial-generation shoppers will purchase 4.24 million cars and light trucks in 2015, equating to a whopping $135 billion in total revenue. Backing up […] [Read More]

Black, white, or somewhere in-between — according to Swapalease.com, roughly 8 out of 10 of the vehicles in its car lease marketplace fall into that category. The colors, including various grays and silvers, have proliferated in recent years, far outpacing the blues, reds and other colors that used to fill a far larger portion of […] [Read More]

Dealers now have an improved way of connecting with potential buyers in their market, as NADAguides has enhanced its Car Deals, Incentives and Rebates online research tool. The solution now can provide consumers with a clear understanding of local car deals and identifying the deepest discounts available that very day in their neighborhood and surrounding areas. The […] [Read More]

For dealers and finance companies with business interests in the Midwest, Huntington Bank’s third annual Midwest Economic Index is offering an encouraging forecast for possible deliveries and originations. The index showed 16 percent of consumers in the region definitely will purchase a vehicle in 2015. Huntington indicated the response represents a 10-percent increase over definite […] [Read More]

While claiming that a “majority” of the nation’s top auto finance companies already leverage its employment verification service, Equifax unveiled its newest technology platform during the recent National Automobile Dealers Association Convention. Equifax highlighted AutoConnect can enable partners to deliver credit, marketing, risk and verification solutions seamlessly to their clients. “AutoConnect will help partners pursue […] [Read More]

Spurred in part by demand for training to meet evolving regulatory demands, the National Automotive Finance Association is giving company executives and managers who might have missed the opening in-person training module of its Certified Consumer Credit Compliance Professional Program conducted earlier this month another chance to begin the journey. Interested professionals who want to […] [Read More]

Auto/Mate Dealership Systems recently launched Option/Mate Mobile, a mobile-optimized version of its F&I menu solution for dealers. The company explained F&I managers using Auto/Mate’s dealership management system now can offer customers at their stores a variety of menu presentations on a mobile tablet. Option/Mate Mobile can allow the customer to view F&I product menus, learn […] [Read More]

Buy-here, pay-here operators interested in utilizing the capabilities of license plate recognition technology to mitigate losses now have another opportunity if they use the solution offered by AutoSoft NET. On Wednesday morning, Digital Recognition Network (DRN) and AutoSoft NET announced that AutoSoft NET will be embedding DRN’s LPR data into its BHPH software, RV dealer […] [Read More]

On Tuesday, Reynolds and Reynolds launched a new solution called Mobile Used Vehicle Management (Mobile UVM), a new software application that can allow dealers to run the Reynolds Used Vehicle Management tool on any Apple iOS or Android device. Reynolds explained that it developed Mobile UVM to help dealership staffers work smarter and more efficiently […] [Read More]

General Motors is ramping up its environmental sustainability efforts, and its dealers are joining in the movement, as well. The automaker recently launched its “Green Dealer Recognition” program, and certain Chevrolet, Buick, GMC and Cadillac dealers are using these environmental credentials to attract customers who value “green” businesses. The participating dealers have made strides in […] [Read More]