Though dealers in his region of the country reported slow retail sales for both new and used vehicles during the Thanksgiving weekend, one auction executive said the holiday did not impact the auction lanes. In the post-sale report from Tuesday’s action at Brasher’s Sacramento Auto Auction, John Brasher said the holiday, combined with warm, get-outdoors […] [Read More]

As the month winds down and analysts offer their projections on what kind of figures the used- and new-car retail markets will bring, the picture of the fleet market for November is also becoming clearer. Based on several recently released analyses, it appears the share of the new-car market commanded by fleet will hover somewhere […] [Read More]

This week, the American Financial Services Association and the National Vehicle Leasing Association joined forces to urge Georgia lawmakers to reconsider legal changes in regard to financing companies paying taxes when vehicles are leased. Officials used the joint letter to the Georgia Department of Revenue Office of Tax Policy to raise significant concerns about a […] [Read More]

With lease returns opening up again after recession lows, dealers are focusing on retaining these lease-return customers and getting them into a new car. In response, DealerSocket revealed this week a tool designed to help dealers manage lease portfolios with marketing campaigns. Specifically, MarketPlace Lease works with “automated, multi-channel marketing campaigns” from directly within DealerSocket. [Read More]

The National Automobile Dealers Association made the connection Thursday about how warnings issued from the Federal Trade Commission that are primarily targeted at the hotel industry can affect dealer group principals and store managers, too. The warning is connected with what the FTC calls “drip pricing.” The agency first conducted a special conference on the […] [Read More]

WASHINGTON, D.C. — The Consumer Financial Protection Bureau took aim at the three major credit reporting agencies again this week. This time, CFPB officials released a bulletin to nationwide specialty consumer reporting agencies — primarily Experian, Equifax and TransUnion — for what they said was for "underscoring their obligation under the law to provide a […] [Read More]

ATLANTA — As the company's data showed auto loan originations now are at the highest level in five years, Equifax rolled out a new solution this week geared to help finance companies and dealers gain a better understanding of their customers' likely credit capacity, needs and usage. Equifax explained the availability of CreditStyles Pro can […] [Read More]

DALLAS — Peak Acceptance — which purchases retail installment contracts from dealers, maintains store relationships and manages the interface with third party servicing providers — entered into a joint agreement this week with LendingTree Auto Services and CreditSmarts.com to provide auto finance solutions for consumers with less than perfect credit. Peak Acceptance said it will […] [Read More]

WASHINGTON, D.C. —  This week, the American Financial Services Association and the National Vehicle Leasing Association joined forces to urge Georgia lawmakers to reconsider legal changes in regard to financing companies paying taxes when vehicles are leased. Officials used the joint letter to the Georgia Department of Revenue Office of Tax Policy to raise significant […] [Read More]

The supply of used vehicles in Canada will likely see a slight dip, and the resulting impact to residual values is expected to be modest, as well. That’s according to the November/December edition of the ALG Canada Industry Report, which dissected the movement in the nation’s residual values. [Read More]