Pearl Technology Holdings announced this week its plans to unveil what it says are the industry’s first digital automotive hang tags at the 2015 NADA Convention & Exposition in San Francisco. Named as Ecartag, Pearl patnered with HalyconTech LLC to create exactly what the name portrays:  a hang tag for vehicles on the lot that can […] [Read More]

Auto loan performance helped overall delinquencies to continue to decline in last year’s third quarter, according to results from the American Bankers Association’s Consumer Credit Delinquency Bulletin. But what might delight finance companies even more is how optimistic ABA chief economist James Chessen is about the future as the economy continues its upward trend and consumer […] [Read More]

Exeter Finance Corp. completed the launch of its new originations platform this week; a process the company insisted can reduce the typical decision time to under 15 seconds. Additionally, Exeter highlighted that it is now able to restructure the loans in real time. As a result of the full rollout of the new system, all […] [Read More]

CreditMiner recently reached an agreement with Equifax to give the credit inquiry tool access to the Prescreen of One service, an Equifax solution for individual, real-time prescreens that can help consumers by letting them know they are qualified for financing and enhance business prospects for dealers and finance companies. In addition to the deployment of Prescreen of One, […] [Read More]

AuctionNet volume climbed 5 percent year-over-year in 2014, and the fourth quarter showed a particularly noteworthy increase of 8 percent. That’s according to data from National Auto Auction Association economist Ira Silver that was cited in social media posts from the organization this week. This annual gain in auction volumes makes it three years in a […] [Read More]

The used-car background runs deep at Sonic Automotive. Founder and chief executive officer Bruton Smith got his start in used cars, and has passed that tradition on to his children, as well. And the used-car business was also the starting point for Sonic’s executive vice president of operations, Jeff Dyke, who talked about this with […] [Read More]

Marketing products and services provider Haystak Digital Marketing announced on Tuesday that Google named the company as the winner of a North America Premier SMB Partner Award in the highest customer satisfaction category, marking the third consecutive year that Haystak has achieved this designation.  Officials highlighted the accolade was based on the feedback of Haystak's […] [Read More]

Dominion Dealer Solutions announced Tuesday its release of its new mobile app for DealActivator, its equity data mining product. Adding mobile capability to DealActivator completely rejuvenates and enhances the solution’s flexibility, said Alan Andreu, the company’s general manager of equity solutions. “This allows users to harness the power of DealActivator at key physical locations throughout a dealership,” […] [Read More]

DealersLink announced Monday that it plans to launch its new live auction platform at the NADA Convention in San Francisco. Named AuctionLink, the company plans to debut the auction tool during the convention, which runs from Jan. 23 to Jan. 25. Coined as the “nation’s most advanced live online auction platform” by DealersLink, AuctionLink helps […] [Read More]

Though supply continues to expand, the year has turned, and the industry has begun looking out toward tax season. Consequently, instead of responding negatively to supply expansion, prices for used vehicles are expected to stay flat to up slightly this month. According to the latest issue of Guidelines from NADA Used Car Guide, used prices […] [Read More]