Last week, gas prices dropped for the seventh week in a row, and some of the more fuel-efficient segments are following suit at the auction. Prices at the pump dropped to a national average of $3.47 per gallon last week, and Black Book’s Ricky Beggs pointed out the three smaller, more fuel-efficient segments saw the […] [Read More]

Manheim chief economist Tom Webb regularly tries to take questions connected to current events when he closes his monthly Auto Industry Brief. The August edition contained questions that likely came from a busy F&I manager. The questioner arrived at the query after reading that household debt levels shrank in the second quarter. “That’s not the […] [Read More]

As CNW Research noticed both sequential and year-over-year increases in approvals for subprime vehicle financing so far this month, two Equifax economists took their turn to again reiterate how a bubble is not forming in that segment, contrary to the connection some observers are making to the mortgage meltdown. In a white paper released on […] [Read More]

Dealer solutions provider Autosoft now offers convenient access to credit report and compliance services within its Web-based FLEX F&I application because of a new a partnership with 700Credit. On Monday, executives highlighted this partnership can help dealers quickly complete the entire sales process without leaving Autosoft’s FLEX F&I application — in most cases while a […] [Read More]

Manheim announced that six of its auctions wiill celebrate fifty or more years of business this year. Manheim Area Illinois, which opened in 1949, will celebrate its 65th year of business on Sept. 16, when it will host a 65-inch television raffle and other assorted giveaways. Manheim locations in Seattle, Chicago and New York will […] [Read More]

Lease return numbers could soon double the amounts seen just last year and one auction group, in particular, said it is taking measured steps to meet the surge in supply. In the group’s latest newsletter, ServNet president Patty Stanley says the network of auctions is ready for the 2.5 million lease returns expected to hit the remarketing […] [Read More]

Urban Science’s 2014 mid-year Automotive Franchise Activity Report was released Thursday, revealing expectations of an all-time record-setting year for dealers by the end of 2014. The report, which estimates that the average number of sales per dealership, based on LMC Automotive’s forecast of 16.2 million vehicles sold by the end of the year, foreshadows a […] [Read More]

KeyBanc Capital Markets likes the used-department outlook not only for the publicly traded dealerships groups its analysts watch closely, but also for the majority of franchised stores — especially the ones that move certified pre-owned vehicles. According to its July Dealer Survey, KeyBanc said its industry observers continue to believe franchised dealers will outperform the […] [Read More]

The former president of the United States, NFL teams, Hollywood celebrities and more. They’ve all joined a wave of Americans participating in the Ice Bucket Challenge to raise money for the ALS Association, which said as of Friday, it has received $53.3 million in donations in less than a month. And you can also count […] [Read More]

Along with an opportunity to complete the organization’s compliance certification program, members of the National Automotive Finance Association can take advantage of a $100 registration discount to attend the SubPrime Forum, the event dedicated to auto financing at Used Car Week. This two-day conference will provide data, knowledge, insight and powerful business networking opportunities to […] [Read More]