Consumers are turning toward the Big 3 this spring. Domestic automakers dominated the list of top 10 most-researched used vehicles at NADAguides.com last month. According to the latest issue of Guidelines from NADA Used Car Guide, the top 10 most-researched used models in April are as follows: Ford F-150 Chevrolet Silverado 1500 Dodge Ram 1500 […] [Read More]

A recent study from DealerRater and Dataium confirmed that positive online reviews that provide employee-specific information drive website traffic and leads to dealers. The study showed that DealerRater users were 90 percent more likely to visit a dealer website and 5.3 times more likely to convert to a lead when that dealer had a positive […] [Read More]

If you’re looking for states that are ideal for putting together a lease deal, your best bet is likely the Northeast or Upper Midwest.   According to an infographic from Equifax that breaks down the lease ranges state by state on a U.S. map, leasing commanded at least a 20-percent share of full-year 2013 originations […] [Read More]

Repossession and remarketing now have international implications for one provider, as it announces the expansion of its services. On Monday, risk management and loss migration provider Remarketing of America announced that as of this month, it will provide comprehensive vehicle repossession and remarketing solutions throughout Europe. “During the last six months, our team has developed […] [Read More]

This week, Black Book editorial director Ricky Beggs sat down with International Automotive Remarketers Alliance president Levi McCoy, and IARA executive director Tony Long for the second time to discuss developments in the pre-owned market, including multiplatform selling.   This week’s “Beggs on the Used Car Market” video report touched on insight from the two […] [Read More]

GrooveCar, a national vehicle-buying resource for credit unions, recently indicated that GrooveCar’s AppTrac System will now connect to the Dealertrack Credit Application Network. According to GrooveCar, the Dealertrack Network will also be an integral part of GrooveCar’s future nationwide expansion plans. Through the expanded process, credit unions using GrooveCar will receive credit applications in their […] [Read More]

Equifax recently signed an agreement with the National Independent Automotive Dealers Association to be a National Member Benefit Partner. Through this relationship, Equifax will provide NIADA-member dealers access to the next generation of tools and information to help them deliver vehicles including its recently upgraded online portal focused on improving a dealer’s ability to facilitate […] [Read More]

Fifth Third Bank acknowledged in its most recent filing with the Securities and Exchange Commission that it’s being investigated by the Department of Justice about its indirect auto loan business. According to the company’s Form 10-Q, officials said they are “cooperating with an investigation by the Department of Justice to determine whether the bank engaged […] [Read More]

Along with giving executives another opportunity to complete the first module of its compliance certification program, the National Automotive Finance Association is rolling out one of its best lineups ever for its annual conference later this month. The NAF Association acquired 25 percent more conference space to accommodate more programs, sessions and expansion of the […] [Read More]

As AutoCanada announced strong financial results for the first quarter, the company highlighted one area, in particular, that contributed to an overall dealership revenue increase of 28.2 percent: used-vehicle sales. Q1 was an extremely strong quarter for pre-owned, as the company’s used-vehicle revenues increased by 37.2 percent year-over-year. Driving this revenue spike was a 30.8-percent […] [Read More]