As gas prices continue to drop, so are pricetags on more fuel-efficient used vehicles. And after falling slightly over the course of the end of 2014, overall used-price drops are expected to escalate as the industry kicks off into the new year and supply begins to expand. That's according to ALG’s latest Industry Report, which […] [Read More]

Dealertrack Technologies associate general counsel for regulatory and compliance Randy Henrick will be a featured workshop speaker at this week’s National Automotive Dealers Association Convention and Expo in San Francisco. Henrick will conduct two workshop sessions to educate dealers on what regulators consider “deceptive” dealer advertising and share insights regarding advertising “must-nots” in accordance with […] [Read More]

Auto finance is getting closer to becoming a $1 trillion business. According to the latest Equifax National Consumer Credit Trends Report released Tuesday at the Vehicle Finance Conference and Exposition hosted by the American Financial Services Association, the total balance of auto loans in December stood at $975 billion. The figure represents 33.2 percent of […] [Read More]

Since half of the specialty finance companies that participated in a recent survey conducted by McGladrey experienced some form of fraud during the past 12 months, senior manager Ronnie Lee devised four strategies institutions can implement to overcome possible unscrupulous activity. Lee discovered several common characteristics among the finance companies that sustained fraud activities within […] [Read More]

KAR Auction Services announced Wednesday morning that chief executive officer Jim Hallett has been named chairman of the board of directors. Making the announcement was Ryan Birtwell, who is the chair of the Nominating and Corporate Governance Committee at KAR. “Jim was a natural fit for this role, given his extensive industry experience and professional […] [Read More]

AutoWeb announced the launch of its free vehicle search engine on Tuesday, outlining its aim at helping car shoppers decide which vehicle is right for them based on their desired search criteria. Available search criteria on the site ranges widely, catering to both the budget-conscious to the highest possible end of the spectrum, and everywhere […] [Read More]

CDK Global announced Tuesday another one of the several technology solutions it will debut at the 2015 NADA Convention & Expo in San Francisco this week. One of these new tools will be Audience Management, a digital marketing package that helps dealers target customers via personalized, individual online shopping experiences. According to the company, the technology provided […] [Read More]

Even with today's low gas prices, consumers are still often playing it safe with more fuel-efficient rides. Swapalease.com illustrated this assertion by analyzing four of today’s most popular fuel-efficient models against four of the current most popular large trucks/SUVs. Looking at search consideration data from 2013 versus 2014, when gas prices plunged over the course of […] [Read More]

Customer relationship management company DealerSocket announced that it has made a purchase that will expand offerings to its customers in the area of digital marketing. DealerSocket said this week it has bought DealerFire, a provider of automotive websites and digital marketing. "DealerFire has demonstrated wonderful innovation and high-integrity service to many of our dealers for a long […] [Read More]

AutoAlert revealed Tuesday that it will showcase its newest updates to its Deal Sheet tool at the 2015 NADA Convention in San Francisco this weekend. Primary among the new features will be the new availability of vehicle history reports, allowing dealers using AutoAlert one-click access to such reports to prepare for appraisals. In addition to the history […] [Read More]