Taking a look at last week’s auction price movement, Black Books editorial director Ricky Beggs said it is evident the industry is “fully engaged in the beginning of the fall market.” We have now officially begun the season, and the signs are showing in the lanes. Beggs pointed out in his latest “Beggs on the […] [Read More]

Digital marketing, sales and service solution provider ChannelNet added another captive finance company to its list of clients as the company recently signed a new contract to provide Web-based customer lifecycle communications for Toyota Financial Services (TFS). The company’s software, ChannelNet SiteBuilder, uses a needs-based marketing approach that can give the captive the ability to […] [Read More]

Northwood University and EFG Companies recently formed a national partnership to drive what they’re calling a greater opportunity and development of tomorrow’s retail automotive leaders.  Under this new agreement, EFG and Northwood University say they will “pave the way for future generations to leverage the hard-fought learnings of today and evolve business practices to successfully […] [Read More]

Black Book isn’t just pitching its products and services to finance companies nowadays. Its analysts and staff are trying to emphasize to executives and managers who watch loan-to-value ratios and overall portfolio status about how much risk is building and how important it is to watch how long it will take for a borrower to […] [Read More]

If you need an extra push to move compact SUVs, here’s one selling point that may help: they hold their value tremendously well. That was one of several reasons mentioned in a new series from senior analyst Jessica Caldwell and the team at Edmunds.com explaining why this segment’s growth has been so rapid — and […] [Read More]

Brasher’s Portland Auto Auction has announced the addition of Nissan and Infiniti Remarketing Services. The Nissan-based consignor will take part in its first sale with Brasher’s on Oct. 16. Jerry Hinton, the auction’s general manager, noted that Brasher’s will host monthly sales events for Nissan and Infiniti Remarketing. “At Brasher’s Portland Auto Auction, Nissan and […] [Read More]

The new-car leasing market has swarmed back in recent years and is arguably as strong as it has ever been. And while there isn’t nearly as much industry discussion, data or consumer options when it comes to the pre-owned side of leasing, numbers shared Friday with Auto Remarketing shed some light on how the used-car […] [Read More]

Announced this afternoon another player is entering the online dealer-to-dealer auction ring. Software company XLane Holdings Inc. revealed today its new product InstantAuction. Company management says the new tool “puts the dealers in control” and offers a new level of transparency in the online buying and selling environment. The auction platform is set to launch […] [Read More]

Leasing levels dropped significantly during the recession, and though rates have ramped back up as of late, so has the number of long-term auto loans. This trend has many dealers worried about lengthening sales cycles, and it turns out, the trend might prove to be detrimental to consumers — a recent study from Donlen shows after 36 […] [Read More]

Both Credit Acceptance Corp. and Consumer Portfolio Services made financial announcements this week; one a tender offer to purchase its own shares of common stock and the other the closing of its third term securitization of the year. Starting with Credit Acceptance, the company commenced a tender offer to purchase up to 995,698 shares of […] [Read More]