As charge-off amounts ticked up across the board, Experian Automotive found that repossession rates moved higher during the third quarter, triggered by a dramatic spike for finance companies. According to its latest State of the Automotive Finance Market report, Experian indicated the overall Q3 repo rate came in at 0.62 percent, a level 54.4 percent […] [Read More]

CNW Research is predicting that both franchised and independent dealers will finish the year with used-vehicle sales on the upswing. Analysts pegged the prospects to be especially good for franchised dealers, which CNW said are set to sell more than 1.24 million used vehicles this month. Should those stores hit that target, it would mark […] [Read More]

For the fifth month in a row, there was a double-digit-percentage increase in the number of unique lookups for used Porsche models on NADAguides.com. Specifically, consumer activity for Porsche in November climbed 16 percent year-over-year, according to data included in the latest Guidelines report from NADA Used Car Guide. This was more than double the […] [Read More]

As he often does during his series, “Think Tank Tuesday,” the chief operating officer and founder of Potratz Partners Advertising started the video off with a few questions for viewers: “Do you have a dealer in your market that’s spending a whole lot of money? Don’t know how to compete?” he asked. This week’s video […] [Read More]

In an effort to better connect dealers with car lease shoppers, a new online marketplace was launched this week. The creator of www.WantALease.com — Cincinnati-based Joseph Automotive Group, which also founded Swapalease.com — contend that although dealers already offer lease deals on a variety of platforms, the site helps them to sell locally as well […] [Read More]

On Monday, NextGear Capital released what the company described as new mobile and online account management applications for customers designed to radically simplify management of their inventory finance accounts. NextGear Capital highlighted that the applications include new features and a dynamic new dashboard that is designed to be easy to navigate and provide rapid access […] [Read More]

In what officials contend is a first by a major third-party automotive classified website, AutoTrader.com is launching a new feature that will alert vehicle shoppers via text or email when there are updates to saved vehicle listings or searches. Officials highlighted that when shoppers save a search or vehicle listing to their My AutoTrader account, […] [Read More]

When taking the short Thanksgiving week out of the equation, auction volume in November was nearly 4 percent higher than the total coming through the lanes in the last three weeks of October, according to NADA Used Car Guide. An AuctionNet data set from NADA in the latest issues of Guidelines indicates that auction volume […] [Read More]

After October’s wholesale price tumble, the rate of decline softened in November to 1.5 percent, according to NADA, and the trend is continuing as December’s auction price movement is predicted to mirror the previous month. NADA is forecasted that auction prices will fall 1.5 percent this month, matching November’s rate, in the December edition of […] [Read More]

In a move the company said will nearly double its capacity and make it the second-largest car hauler in North America, United Road Services — in partnership with its owner (Charlesbank Capital Partners) and investors — announced that it has acquired the auto transport division of Waggoners Trucking. The expanded United Road will now have […] [Read More]