The auto segment of the S&P/Experian Consumer Credit Default Indices stayed flat on a sequential basis in July. And analysts from S&P Dow Jones Indices and Experian highlighted July’s auto reading settled only four basis points above its historical low. The auto default rate came in at 0.96 percent in July, the same as June. […] [Read More]

American Honda Motor Co. and Carfax have extended their certified pre-owned partnership, which began 10 years ago. As such, Carfax will continue to be a vehicle history information provider for the Honda and Acura certified pre-owned vehicle programs. Carfax Vehicle History Reports have been a major element in the Honda/Acura CPO programs the past decade, the […] [Read More]

Digital marketing solution provider Search Optics announced this week the acquisition of DigiGo, the internet marketing division of KPA. After its sale, KPA announced in a statement that it will now focus on expanding its environmental health and safety and human resources management product lines for various automotive markets. Some may know DigiGo by its […] [Read More]

Auction volume in July was up nearly 4 percent year-over-year, as was year-to-date volume, according to the latest Economic Dashboard prepared by Ira Silver, the chief economist for the National Auto Auction Association. More specifically, against comparable weeks of 2013, auction volume was up 3.7 percent for July, with year-to-date numbers up 3.9 percent. Used […] [Read More]

In an effort to recognize its customers and celebrate a significant milestone, Manheim Tampa will host a 25th anniversary sale on Thursday. More than 2,500 units are expected for the regular weekly consignment sale at Manheim Tampa beginning at 9 a.m. ET on Thursday. The auction will be giving away rock ''n' roll gift baskets, iPads, […] [Read More]

DMEautomotive said the results of its latest study prove dealerships that have a mobile app to generate business for their service drive can generate six-figure increases in parts and service revenue. The company explained its new research showed that mobile app users become more frequent visitors to a dealership’s service department after they download the app. The […] [Read More]

More off-lease and off-rental volumes hit the physical auction and online upstream remarketing channels in July, according to the latest recap of wholesale market trends from ADESA’s Tom Kontos. This helped foster greater used supply in the market, one of the factors leading to softer overall wholesale values (compared to June). As far as pricing […] [Read More]

While beating year-ago numbers, used vehicles didn’t fetch as much money in the wholesale market during July as they did in June. And while the year-over-year decline in July’s retail used-car sales played a role in pushing down these wholesale prices, another factor affecting used values appears to a positive for dealers. In his latest […] [Read More]

BillingTree is hosting a new series of interactive events titled, “Payment & Technology Spotlight Series — Technology and Innovation for the Digital Age.” The series, which includes monthly webinars, conferences and speaking engagements, is design to allow participants to learn from actual experiences by those who have successfully implemented specific payment and collection technologies or […] [Read More]

AutoPacific has announced its list, the 2014 Ideal Vehicle Awards, to distinguish vehicles that “best meet their owner’s expectations and desires” based on consumer feedback. According to the research firm, the most ideal popular brand of 2014 is GMC, while Porsche maintains the title of most ideal premium brand for the second year in a […] [Read More]