Trade-in values are on the rise and it appears that, once again, recent movements are particularly rosy for luxury segments, which have maintained the months-long edge they’ve had over their mainstream peers. The latest issue of Guidelines from NADA Used Car Guide indicates that, overall, there was a 1.2-percent month-over-month increase in trade-in values for the January […] [Read More]

Even though gas might cost about $2 a gallon in many parts of the country, potential buyers still might not be too keen on those fuel-thirsty rigs in your inventory. The J.D. Power 2015 U.S. Avoider Study indicated that fuel-economy remains the most influential factor among the majority of new-vehicle buyers in determining which vehicle […] [Read More]

Headlining a list that included such well-known companies such as Apple and Starbucks, Copart topped The Exceptional 100 list released by Deloitte this week, a ranking measured by Deloitte’s new proprietary method that examines a company’s overall economic performance including profitability, growth and shareholder value. A list of 100 U.S.-based, publicly traded companies were identified […] [Read More]

KAR Auction Services announced this week that it has been named as part of the inaugural Digital Edge 25 awards, which recognizes enterprises that have leveraged digital technologies to transform their business, according to the hosts of the AGENDA conference, IDG Enterprise. The 25 recipients of the awards will be honored at the AGENDA conference, […] [Read More]

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]