In 28 years with Ally Financial, Robert Stahl has done a little bit of everything. He has worked a repo lot, had multiple leadership tenures in remarketing, ventured into subprime finance and was involved in helping the SmartAuction online platform get off the ground. But one lesson that has stuck with Stahl since his first […] [Read More]

DriveChicago.com and Automotive Internet Media have partnered up to assist its dealer members to increase their exposure to automotive customers. Tony French, AIM’s president, believes the partnership will help drive traffic toward the inventory, dealerships and brands that their dealer members possess. “Automotive portals are fantastic for helping auto shoppers find vehicles,” French said. “DriveChicago.com […] [Read More]

Lithia Motors generated a used-vehicle same-store retail sales increase of 13 percent during the third quarter, fueled in part by a 17-percent climb in the turns of certified pre-owned units. The CPO performance has the attention of Lithia leadership, but not necessarily for the reason industry observers might first expect. See, Lithia reported that sales of […] [Read More]

This month is likely to end with nearly 3.2 million used vehicles sold during October, which would beat year-ago figures by 1.3 percent, according to projections in CNW Research’s latest Retail Automotive Summary. CNW’s data includes sales forecasts for franchised and independent dealers as well as private-party numbers. Of those three groups, private-party sales are […] [Read More]

The Consumer Financial Protection Bureau is hosting another field hearing, but the agency hasn’t yet shared what topic it will be discussing. CFPB officials did indicate the event will be on Nov. 13 in Wilmington, Del. They added the hearing will feature remarks from director Richard Cordray, as well as testimony from consumer groups, industry […] [Read More]

BillingTree announced the next webinar in its series titled, Payment & Technology Spotlight Series — Technology and Innovation for the Digital Age. With the upcoming segment putting the spotlight on compliance, BillingTree highlighted the free session will feature a virtual panel discussion by a group of leading industry professionals who will share their unique experiences […] [Read More]

Along with some explanation about conflicting economic trends, CNW Research highlighted the healthy year-over-year gain in subprime financing the industry has posted this month. According to the firm’s latest Retail Automotive Summary, CNW indicated the amount of completed contracts connected to subprime borrowers is 18.6 percent higher in October compared to the same month a […] [Read More]

With help from Auto Auction Services Corp. (AutoIMS), the National Auto Auction Association said Friday it was replacing its recently acquired Kink or Bend website on Saturday with "Is It Frame". In an announcement, NAAA said that it will continue providing the data for free in order to help its 333 member auctions maintain compliance with the […] [Read More]

Scotiabank revealed some good news for dealers and those buying in the lanes this Halloween morning. According to Scotiabank’s Global Auto Report, used-car prices appear to have “peaked” in Canada and have started falling, in part due to rising supply of off-lease vehicles. Though the U.S. is in the lead for used-car price softening across […] [Read More]

As the company continues to ramp up its Cancel Anytime lease program that allows a vehicle return without consequence should personal financial problems arise, DriveTime ventured near Capitol Hill for its next store opening, unveiling a first location in the Washington, D.C. area. Recognizing a need in the marketplace, DriveTime highlighted it opened the newest […] [Read More]