Based on the thinking that the right approach to financing a vehicle can help subprime buyers get their credit back on the right track, Edmunds.com offered four recommendations that dealers can share with consumers to help with the process. Those four suggestions included: 1. Run your credit report. AnnualCreditReport.com offers one free report per year […] [Read More]

With at least one industry association cheering the move, the Consumer Financial Protection Bureau on Tuesday proposed a rule to promote more effective privacy disclosures from financial institutions to their customers. The rule would allow companies that limit their consumer data-sharing and meet other requirements to post their annual privacy notices online rather than delivering […] [Read More]

Not every single General Motors franchised dealership uses Ally Financial to cover floor plan needs. While company executives say they're working to improve penetration levels, Ally leadership says it’s focused on another metric that shows the solid performance the company owns, stemming from its commercial department. Jeffrey Brown, president and chief executive officer of Ally […] [Read More]

Dealers interested in learning how their stores compare with others across the region and nation now have a bit more time to submit their data for a comprehensive, no-cost industry study. The deadline to participate in the 2014 NADA-ATD Dealership Workforce Study has been extended to June 30, to provide members of the National Automobile […] [Read More]

Wholesale prices are continuing to correct after experiencing seasonal highs earlier this spring. Using its AuctionNet data and analysis, NADA Used Car Guide is predicting prices to fall by 0.4 percent or $75 this week. And only one segment is expected to see prices lift: midsize vans, which are predicted to see price gains of […] [Read More]

The Big 3 combined to sell more than 68,000 certified pre-owned vehicles last month, as their year-to-date figures race ahead of 2013 numbers by nearly 17 percent. That’s according to figures released last week by Autodata Corp., which said the programs within General Motors, Ford and Chrysler moved a grand total of 68,253 CPO units […] [Read More]

The Ford F-150 has done it again. Scoring the top spot for April, the truck has managed to swipe the No. 1 spot as the most appraised vehicle in Canada every month this year. In fact, the top three models were all consistent with March results in the April TradeTracker Used Vehicle Market report as […] [Read More]

General Motors informed the National Highway Traffic Safety Administration about two more recalls, including one campaign associated only with orphan brand Saturn. The two recalls cover more than 100,000 units. The larger of the two campaigns is for Saturn Aura vehicles from the 2007 and 2008 model years. A total of 56,214 units equipped with […] [Read More]

While revenue and gross profit at each of its three largest subsidiaries improved year-over-year, KAR Auction Services reported that its net income decreased 29 percent as a result of refinancing activities during the first quarter. KAR generated $583.8 million in revenue during the first quarter that ended March 31, representing a 5-percent increase from the […] [Read More]

This week, Internet-based customer relationship management developer VinSolutions completed the integration of Carleton’s SmartCalcs consumer lending and leasing calculation engine into its recently enhanced desking platform.  Carleton provides lending compliance software products to many of the major lending captives and lenders in the auto industry. Officials said this new integration will enable VinSolutions dealers to […] [Read More]