BANDON, Ore. — With the last day of August coming as part of Labor Day weekend, CNW Research tabulated that the used-vehicle sales figure for the month jumped 5.6 percent year-over-year. Combining sales at franchised and independent dealerships as well as private-party transactions, CNW found August sales came in at 4.1 million units, up from […] [Read More]

WASHINGTON, D.C. — This morning, the Consumer Financial Protection Bureau announced Steve Antonakes has been officially named deputy director of the agency. Antonakes had been serving as the acting deputy director of the CFPB. Officials indicated Antonakes will continue to maintain responsibility for his duties as the associate director for supervision, enforcement, and fair lending […] [Read More]

Vendor Transparency Solutions and Michael Dougherty of Weltman, Weinberg & Reis announced the date and time for their fourth webinar aimed at helping repossessors and recovery departments remain compliant. The focus of the next session — compliance management as well as unfair, deceptive and abusive acts and practices (UDAAP) — will be covered during the […] [Read More]

Earlier today, DMEautomotive launched DMEInsights, what the dealership marketing provider believes is an innovative customer loyalty analytics system. Officials explained DMEInsights is designed to revolutionize dealer service marketing and enable stores to dramatically increase the value of their customers, using a system to generate comprehensive analytics for every stage of the auto service customer lifecycle. […] [Read More]

NABD is coming to the Big Easy. The National Alliance of Buy-Here, Pay-Here Dealers is having its first major event in New Orleans, and organizers of this year's East Coast BHPH Conference highlighted that early bird discounts are available through Oct. 4. Rates through that date are $495 for a single attendee or $890 for […] [Read More]

One of Used Car Week’s sponsors, Liquid Motors, rolled out a new solution this morning, a tool the company is calling LiquidConnect. LiquidConnect is a mobile application designed to empower dealers, independent auto auctions and inspection companies to perform vehicle data collection, update pricing, capture vehicle photos and input vehicle condition data. “LiquidConnect speeds up […] [Read More]

Results from the July dealer survey orchestrated by KeyBanc Capital Markets showed how much used-vehicle and F&I momentum stores had going into this past weekend’s Labor Day holiday sales stretch. All 100 percent of participating dealers said July sales were higher than the same month a year earlier. A total of 86 percent of responding […] [Read More]

In the Used Car Edition of its Blue Book Market Report, Kelley Blue Book dissected the used value activity in several segments, sharing some of the key models influencing the ebb-and-flow of pricing within their respective vehicle classes. Here are some of the key findings its analysts discovered in the report issued last week: Starting […] [Read More]

Heading into its annual convention that kicks off today, the National Auto Auction Association said late last week that the Legislative Committee Meeting open to all NAAA Convention attendees today will include a presentation on the Indiana Wholesale Dealer Licensing issue by a representative from the Indiana Secretary of State's office. The meeting is scheduled […] [Read More]

Fitch Ratings reported last week that losses on both prime and subprime U.S. auto ABS rose in July following lows seen earlier in the spring. Despite the increase, analysts indicated used-vehicle values have stayed strong in the past two months. "Additionally, overall asset performance remains strong heading into the softer fall months thanks to the […] [Read More]