LAS VEGAS — For dealers who want to use their smartphones to see where a vehicle might be that's attached to a delinquent customer, Spireon is about to give them that capability. Today, Spireon is offering a sneak peak of its new enhanced mobile platform for its GoldStar GPS solution, a tool the company says […] [Read More]

NASHVILLE, Tenn. — After a year of multiple acquisitions, Primeritus Financial Services rebranded several of its business service segments. Explaining the methodology behind the decisions, Primeritus Financial Services chief executive officer Chuck Tapp said: "Since the acquisitions of USA Recovery and Renovo over the past year, Primeritus has worked with customers and clients to better […] [Read More]

CLEARWATER, Fla. — Publicly traded specialty consumer finance company Nicholas Financial watched its net earnings soften by 20 percent during the fourth quarter, pushing its year-end figure lower by double digits. For its fiscal year that ended March 31, the company reported that its net earnings decreased 10 percent to $19.966 million as compared to […] [Read More]

The Big Apple is tops when it comes to used-car sales by independent dealers and between private parties, but the crown for most used sales by franchised dealers is actually claimed by the nation’s second-largest city, according to CNW Research. Los Angeles was No. 1 on CNW’s list of top 10 DMAs for used units […] [Read More]

Have plans for mid-November? Join us for the Used Car Week 2013 conferences, scheduled for November 11–15 at the Manchester Grand Hyatt in San Diego. And conference organizers are offering attendees something new this year. Events on tap now include the all new SubPrime Forum. [Read More]

Increased dealership profitability is the goal of a new addition to NCM Associates’ “38 in 8” program, announced by the company this week. NCM says the new one-day operational review format for dealerships’ fixed operating departments is now offered as an additional option under its “38 in 8” in-dealership consulting program. The service is designed […] [Read More]

As used vehicle days’ supply continues to grow — sitting at 50.46 during the first few weeks of the month   —  transaction prices for franchised dealers in May are dropping a bit. CNW said in the Retail Automotive Summary released Monday afternoon that in the opening weeks of this month, average franchised transaction prices ($10,958) […] [Read More]

As summer traveling season edges closer, consumer interest may turn to larger, family oriented vehicles or SUVs. The trend may already be evident, as the latest installment of vehicle scarcity data that is provided monthly to Auto Remarketing by AutoTrader.com shows SUVs “popping up (as scarce) in some of the DMAs, with Jeep and Volkswagen […] [Read More]

In what appears to be a “lackluster” month, CNW Research is predicting that May will end up being a flat market for used-car sales. But if stagnant sales are puzzling, the firm explains why we’re seeing such a lukewarm environment on the used-car side. Starting with the basics, CNW said in the Retail Automotive Summary […] [Read More]

If the latest report from Black Book is any indication, this may be a good chance for dealers to take advantage of falling  prices on entry-level cars.  Black Book’s Ricky Beggs noticed a possible correlation between declining auction prices in this segment and spiking gas prices. In the latest “Beggs on the Used Car Market […] [Read More]