Flick Fusion announced this week its video marketing platform for dealers, offering what it contends is the first of such platforms to automate the video production process, including inventory videos, video emails and other various dealer-related videos. Brian Cox, the president and chief executive officer of Flick Fusion, says his company offers to dealers the […] [Read More]

Although spending is up slightly, automakers are still being very judicious with incentives  — “pinpointed,” as AutoTrader.com senior analyst Michelle Krebs put it. So, when it comes to aftermath in the used-car market, there just really hasn’t been any ill effects. At least not yet. That was the take of Kelley Blue Book senior analyst Alec […] [Read More]

Rick Hackett shared eight specific steps buy-here, pay-here dealers can take to stay off of the radar of government regulators. Hackett acknowledged no surefire way exists for operators to protect themselves completely from a regulator who can decide what a reasonable price is. But the former Consumer Financial Protection Bureau assistant director and current partner […] [Read More]

The American Financial Services Association responded to a petition asking that the Federal Communications Commission rule that finance companies are not liable when they call a wireless number for which they have prior express consent to call or text, but which has been reassigned to a different subscriber. AFSA made the plea in an effort […] [Read More]

Nicholas Financial originated more subprime contracts during the first quarter of its fiscal year, but its net earnings softened by double digits. The number of contracts the company booked during the quarter came in at 4,244 for a total loan amount worth $46,769,602. The average loan in Q1 stood at $11,020 with terms stretching to […] [Read More]

Roughly one out of 20 people with a credit file — which constitutes about 5.3 percent of the U.S. consumer population — are at least 30 days late on a credit card or other non-mortgage account such as an auto loan or a student loan. And consumers within 13 states represented a majority of those […] [Read More]

Sonic Automotive revealed the name of its pre-owned vehicle retail store concept on Monday morning: EchoPark. The pre-owned program will be launching in Denver this fall. “We believe Denver is well poised and an ideal environment to launch EchoPark with Denver, Colo. trending as one of the top pre-owned car markets in the U.S.,” said […] [Read More]

Dealer-auction.ca is ramping up its arbitration policy in an effort to offer more protection for Canadian buyers. Manheim Canada’s online marketplace recently announced the launch of their new arbitration process for customers buying vehicles on the Web, using the U.S. National Auto Auction Association arbitration policy as a guideline. The company shared the new policy […] [Read More]

Manheim and Ready Auto Transport announced recently their collaboration to launch a new electronic gate pass process at all Manheim locations nationwide. The delivery time-improving eGate Passes are electronically delivered for all customer vehicles directly to members to streamline the auction pick-up process. John Blobner, the vice president and general manager for Ready Auto Transport, […] [Read More]

Ford announced six more recalls of late-model vehicles, totaling more than 240,000 vehicles. The largest of the campaigns covers 159,395 units — the Ford Focus ST and Escape from the 2013 and 2014 model years. These North American vehicles are equipped with the 2.0-liter engine. Blue Oval officials explained that in some of the affected vehicles, […] [Read More]