After falling by 3.7 percent in October, according to NADA data, wholesale price drops are expected to be a bit milder the rest of the year. According to NADA's November edition of Guidelines, depreciation normally becomes more moderate from November through January before tax season sparks the usual spring spikes This month, NADA expects depreciation […] [Read More]

Back in October, Tesla Motors made its Model S lease offer even more enticing to potential buyers with a deal through US Banks that lowered the cost of leasing and gave shoppers the option to return the vehicle after three months. Consequently, potential lessees can now use the three-month lease escape as a type of […] [Read More]

Dealertrack Technologies announced last week that company execs Rick Gibbs and Raj Sundaram have been named co-presidents, effective immediately. Chief executive officer Mark O’Neil will continue to lead the company, and Gibbs and Sundaram will now work to provide increased focus on building and delivering dealer-driven technology solutions across the online to in-store platform, the […] [Read More]

Loan origination software company defi SOLUTIONS announced this week the appointment of a new vice president of sales. Brice Beard brings over 15 years of auto finance experience with him to take on the responsibilities of the new position, one of which will be to help the launch of ESSENTIAL, the company’s new pre-configured LOS […] [Read More]

October — a seasonally weak month in the lanes — didn’t bring any surprises this time around. According to the ADESA Canada Used Vehicle Price Index, after being adjusted for seasonality, wholesale prices fell by an average of 0.2 percent from September. All segments but one saw prices fall this past month, according to analysis […] [Read More]

How far over the line will you go to sell cars and make a profit before you break the compliance threshold? That’s almost like asking how far over the speed limit you’re willing to go before you consider the consequences of being ticketed for reckless driving. But there are many people out there, myself included, […] [Read More]

News has been flowing out of Dealertrack Technologies this week, as the company announced it has hit a milestone for its Credit Application Network on top of also securing a new partnership with Kia Motors America to use its Intelligent Payment Calculator for Kia.com. The company also announced it has promoted two of its top […] [Read More]

With vehicle technology advancing at a rapid pace — growing more complex with every year — the role of product specialist in dealerships is becoming more important and playing a larger role in the sales process. This assertion was highlighted in the 28th annual J.D. Power 2014 U.S. Sales Satisfaction Index Study results, which were […] [Read More]

Experian Automotive released an analysis this week of the most prevalent areas of the country for leases and certified pre-owned sales. Unsurprisingly, the areas with the highest rates of leases compared to overall new-vehicle registrations were larger metropolitan areas. Top 5 Metropolitan Areas, New-Vehicle Lease Penetration (Experian) Detroit – 67.9 percent New York – 49.8 […] [Read More]

Carfinco Financial Group Inc. — who recently penned a deal to be acquired by Banco Santander for $300 million — announced its third quarter results today, showing record loan originations and low delinquencies. Highlights for Q3 included what company management is calling record loan originations of $64.4 million. This represents a 19.2 percent jump from […] [Read More]