Auction volume in October was up more than 10 percent against comparable weeks of 2012, according to the latest Economic Dashboard from the National Auto Auction Association, which said that year-to-date volumes are ahead 6.6 percent through 10 months. The report, prepared by NAAA economist Ira Silver, found that average auction prices last month were […] [Read More]

There is no vehicle, industry-wide, that has a stronger residual value forecast than the Toyota Tacoma, according to ALG. But there is one automaker, in particular, that aims to “take on” this residual kingpin with its pair of model-year 2015 midsize pickup launches. That would be General Motors and its 2015 Chevrolet Colorado/GMC Canyon duo. […] [Read More]

Steady is as good an adjective as any to describe credit approval trends in connection to vehicle leases last month, according to data reported on Tuesday by Swapalease.com. Site officials said credit approvals came in relatively unchanged in October compared with the previous month. The year-to-date approvals for customer credit finished October at 72.8 percent, […] [Read More]

Datalogix announced Tuesday it is now partnering with a variety of mobile advertising companies to expand the company's reach on the devices consumers use every day, such as tablets and smartphones. These new partnerships allow the company to offer its clients 1:1 sized mobile targeting without the use of cookies. The company now touts partnerships […] [Read More]

WASHINGTON, D.C. — In light of concerns expressed by the Consumer Financial Protection Bureau about the "significant risk" dealer participation poses on "pricing disparities on the basis of race, national origin, and potentially other prohibited bases," the American Financial Services Association is ramping up its own investigation. AFSA is commissioning a study aimed at assessing […] [Read More]

NEW YORK — Analysts from S&P Dow Jones Indices and Experian found that the streak of three consecutive months where auto loan defaults inched higher stopped in October by a slim margin. According to data associated with the newest the S&P/Experian Consumer Credit Default Indices, the auto loan reading settled at 1.14 percent in October, […] [Read More]

CARMEL, Ind. — Buy-here, pay-here dealership chain J.D. Byrider recently recognized winners of the company's annual awards at its November convention in New Orleans. The Franchise of the Year winners were chosen in three categories, including Single (one location), Mid (two to three locations) and Multiple (more than three locations). The winners were: —Single: Gerard […] [Read More]

TORRANCE, Calif. — Although back in September, George Borst retired as president and chief executive officer of Toyota Financial Services after 16 years, the former captive finance company leader is still receiving accolades. Due to his commitment to developing strong female leaders across the organization, Linkage's Women in Leadership Institute honored Borst with its Outstanding […] [Read More]

The company that founded what it claims to be the first dealer-to-dealer wholesale marketplace announced a major expansion.   DealersLink launched its California marketplace on Tuesday, with more than 100 dealer trading partners in the Golden State now able to tap into unlimited trading with no auction fees, the company says. “Recognized in the industry […] [Read More]

Today, Insurance Auto Auctions launched the Market Value Tool mobile app for iPhone as part of the suite of products from IAA’s CSAToday platform. IAA explained this iPhone app can provide customers the ability to estimate the value of their vehicles anytime, anywhere. Officials say the Market Value Tool is designed to be quick and […] [Read More]