SCHAUMBURG, Ill. — As the amount of nonprime, subprime and deep subprime auto loans moved higher year-over-year, Experian Automotive discovered that quarterly vehicle repossessions dropped by 14.8 percent to achieve the lowest rate since analysts began tracking the data seven years ago. According to its latest State of the Automotive Finance Market report, Experian found […] [Read More]

SAN DIEGO — LHPH, a provider of services to the lease-here, pay-here and buy-here, pay-here industries, recently formed an exclusive relationship with Advantage Funding to provide financing for select dealers.  Officials explained LHPH and Advantage Funding worked together for more than a year to develop a dealer-finance model they believe is profitable and easy for […] [Read More]

LAKE SUCCESS, N.Y. — Dealertrack Technologies proposed a simple question on Tuesday, asking principals and managers how healthy their store website is. To gauge the status, the company launched a free Website Health Check Quiz while also giving dealers the chance to win an iPad Mini. "By taking the quiz, dealers will learn if their […] [Read More]

While the standardization of multi-platform selling is a hot topic among auctions and consignors alike, there’s a new dealer-to-dealer platform that’s likely to turn some heads in the online wholesale selling environment, as well. Aiming to spur a similar change on the wholesale side that sites like AutoTrader.com and Cars.com did on the retail dealer-to-consumer […] [Read More]

It’s fitting that New Orleans — a city as tough, determined and resilient as the auto industry — will host the 2014 NADA Convention & Expo in January. Just like the city, the auto industry has endured its own share of crises and comebacks. We have been through many challenges over the past few years, […] [Read More]

As the amount of nonprime, subprime and deep subprime auto loans moved higher year-over-year, Experian Automotive discovered that quarterly vehicle repossessions dropped by 14.8 percent to achieve the lowest rate since analysts began tracking the data seven years ago. According to its latest State of the Automotive Finance Market report, Experian found that 0.36 percent […] [Read More]

While the auto industry is one of the world’s biggest advertisers, dealerships’ online advertising effectiveness dramatically lags most other industries. When digital marketing experts look at the automotive industry, they ask why dealerships are stuck in the 1990s. What makes our industry look so behind in online advertising? Dealers are stuck in the newspaper era. […] [Read More]

Though luxury vehicles continue to be the hardest used models to find, a few SUVs stood out in July — proving elusive for dealers looking to satisfy summer family road trippers and customers in the market for a roomier vehicle.  According to the latest installment of vehicle scarcity data that is provided monthly to Auto […] [Read More]

As we get closer to the new 2014 models are hitting the market and the average age of vehicles on the road continues to rise, Black Book’s Ricky Beggs said age is becoming a factor impacting change in the wholesale market. With the new model year on the horizon, dealers and buyers are seeing more […] [Read More]

There will likely be at least a quarter million new-car intenders this year who decide at the 11th hour not to buy, according to estimates from CNW Research, which studied the reasons these shoppers choose this path. What the firm found is that the proportion that goes for a used car instead is down marginally […] [Read More]