Two weeks ago, the proportion of price adjustments in lanes that were positive rose to a yearly high of 68 percent. Now, the bar has been pushed even higher, says Black Book’s Ricky Beggs. In his latest “Beggs on the Used Car Market” video report, he said that last week, over 71 percent of all […] [Read More]

The National Vehicle Leasing Association’s annual conference gets underway today with two tracks of content based on the traditional lease market as well as for attendees interested in venturing into the lease-here, pay-here space. NVLA conference organizers also designated special sessions dedicated to accounting, credit trends, legal compliance and technology developments during the event that takes […] [Read More]

With a new TransUnion survey showing how few consumers check their credit report regularly, Ally Financial is launching a new campaign since Financial Literacy Month starts this week. According to a recent Google Consumer Survey commissioned by TransUnion, about one third (32.7 percent) of Americans surveyed said they have never checked their credit report or […] [Read More]

The latest data from Equifax showed the number of subprime auto financing originations climbed for the fifth year in a row, surpassing 7 million contracts for the first time since 2007. Analysts indicated the number of subprime contracts for 2013 came in at 7.3 million, up from 6.6 million a year earlier. Back in 2007, […] [Read More]

When a shopper walks on to the lot, you and your sales team start working for that potential buyer. But is that buyer working for you once he or she leaves with a new ride? James Hayes, co-founder of mobile software development company Mobials, says this may not be as far-fetched an idea as it […] [Read More]

In a message to Auto Remarketing late Friday, General Motors confirmed another widely reported negative development for the domestic OEM — that it issued a stop sale of the Chevrolet Cruze from the 2013 and 2014 model years equipped with 1.4-liter turbo engines. GM spokesperson Alan Adler indicated the bulletin sent to franchised stores late […] [Read More]

ADESA Golden Gate has picked a new general manager. Revealed late last week, Jeff Hoyt has taken on the role of GM. Commenting on the news, ADESA president and chief executive officer Stéphane St-Hilaire said, “Jeff has dedicated himself to making ADESA Golden Gate one of our top auctions for more than 20 years.  “I […] [Read More]

To support the Keystone Wounded Warriors organization, Manheim Pennsylvania recently raised $70,000 as a donation to Keystone Wounded Warriors, which is a portion of proceeds from the third-annual Xtreme Spring Event. Auction officials highlighted a spring charity gala to benefit veterans also was held as part of two-day event. Manheim Pennsylvania hosted what it called […] [Read More]

An agreement between online shipping marketplace uShip and eBay Inc. has the potential to make it easier for dealers to reach out-of-area and out-of-state vehicle buyers quicker and with less hassle. Announced in early March, uShip-powered delivery options will be incorporated across eBay categories that frequently contain larger-than-parcel goods over 150 pounds and buyer-arranged shipping. […] [Read More]

Based on findings from the Temkin Group — a customer experience research and consulting firm — the three car brands whose dealers offer the highest-rated customer experience are Toyota, Buick and Lexus, with Subaru not far behind. These findings were just part of the 2014 Temkin Experience Ratings, an annual ranking of companies based on […] [Read More]