DAYTON, Ohio — Reynolds and Reynolds recently updated the Reynolds LAW California F&I Library of documents to reflect changes in California law as well as incorporate dealer feedback. The company highlighted those updates include a new form to support electric vehicle sales, as well as changes to several other documents. The updates were made during […] [Read More]

ARLINGTON, Texas — The National Independent Automobile Dealers Association recently named a new national member benefit partner, adding United Auto Credit, a national non-prime to near-prime indirect automotive lender. United Auto Credit programs include: —Financing for customers in open and recently discharged bankruptcies at an interest rate set to gain approval from trustees across the […] [Read More]

Used inventory is getting stronger for AutoNation — including supply for its “very robust” certified pre-owned business — and improvements have also been noticed in used retail sales and total used gross profits, as well. [Read More]

Gas prices remain stable and the summer family travel season is underway, two factors that may have contributed to some larger segments showing the biggest auction price increases in June. While wholesale values saw an increase of 0.9 percent overall when compared to May, prices for full-size SUV and luxury full-size sedans were among the […] [Read More]

When Black Book Lender Solutions analyzed historical vehicle segment data and developed projected retention levels for the next 12 to 24 months, three specific kinds of units distinguished themselves from the 24 individual categories. Those three segments included compact cars, midsize cars and full-size pickups. These three model categories pushed the overall retention readings to […] [Read More]

National Auto Auction Association chief executive officer Frank Hackett announced that changes to the arbitration and structural damage policies have been approved. Hackett indicated these changes will take effect on Sept. 1. NAAA recounted that its auction standards committee received unanimous approval last Tuesday from the executive committee to move ahead with the revisions. “This […] [Read More]

Commercial demand evidently isn’t the only trigger for pickup interest, as a new report by Jumpstart Automotive Group showed interest among online vehicle shoppers for trucks — especially small models — are at levels not seen in five years. Jumpstart examined its portfolio of sites — including Car and Driver, U.S. News Automotive, J.D. Power […] [Read More]

Earlier this week, IHS completed its acquisition of R.L. Polk & Co., including Carfax, through a deal first announced on June 9 and closed on Monday. IHS president and chief executive officer Scott Key reiterated this week that the combination of Polk with IHS Automotive is designed to create a comprehensive capability that will significantly […] [Read More]

The days of stick-on badges for auction bidders are numbered at Dealers Auto Auction of the Southwest. The company announced this week that beginning with its sale this coming Wednesday, DAASW.com will offer what it calls a “first in the nation bid number text service,” which eliminates bidder lines and uses mobile technology via smartphones […] [Read More]

NEW YORK — The auto loan portion of the latest S&P/Experian Consumer Credit Default Indices dropped to the lowest level ever recorded by S&P Dow Jones Indices and Experian. In June, analysts discovered auto loan defaults dropped to 1.00 percent, down from 1.04 percent, which was the level noticed both in May and in June […] [Read More]