Consumers are apparently willing to spend more on the lots, and it isn’t because of impressive dealer and incentives, which are declining as fall gets underway, according to TrueCar.com. The site estimated today that the average transaction price for light vehicles in the U.S. was $30,282 in last month, up $264 (0.9 percent) from September […] [Read More]

Among new-vehicle buyers who use the Internet to research their purchase, a new study shows that one in five are using tablets and smartphones to find the information they need — and more than half of them do so at the dealership. The J.D. Power and Associates 2012 New Autoshopper Study, released this week, analyzes […] [Read More]

Despite sluggish economic growth, new data from PwC’s Autofacts pointed toward new-vehicle sales reaching 14.5 million in the U.S. this year while moderately increasing in 2013. PwC’s Autofacts attributes this growth to factors including the return of automotive financing and subprime loans, coupled with pent-up demand from an estimated 11 million consumers who have deferred […] [Read More]

For at least the second time in less than three weeks, a car carrier fire has claimed a truckload of used-car inventory, this time multiple high-end models. At approximately 1:40 a.m. on Tuesday, the rig caught fire on the Kutztown Bypass in Maxatawny Township, Pa., according to Officer Darren Simmers of the Berks-Lehigh Regional Police […] [Read More]

BANDON, Ore., and DETROIT — When CNW Research crunched the September used-vehicle sales numbers this week, analysts pinpointed just how many more subprime buyers made a purchase last month as compared to a year ago. CNW indicated the amount of subprime buyers spiked by 78 percent to 923,230. Analysts noticed buyers with FICO scores below […] [Read More]

SEATTLE — As dealers continue to search for inventory to match up with subprime buyers, Auction Edge announced today that auction employees can now view used-car managers' credit lines and available credit with Automotive Finance Corp. floor plans. Officials explained this enhancement can enable auction personnel to help the dealer complete their purchases and finalize […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne revealed this week that it has been endorsed as the credit application management system of choice by the National Independent Automotive Dealer Association. As an endorsed NIADA National Member Benefit Partner, RouteOne highlighted that it has assisted NIADA's 20,000 independent dealership members with streamlining their F&I process through the utilization […] [Read More]

DEERFIELD BEACH, Fla. — Southeast Toyota Finance recently added the Prius c to the list of Toyota vehicles eligible for the $1,000 Southeast Toyota College Graduate Rebate Program. Other vehicles also available in this program are the Toyota Camry (non-hybrid only), Corolla, Matrix, RAV4, Yaris and Tacoma. In addition to the $1,000 rebate, qualified college […] [Read More]

Skip-tracing expert Alex Price of MasterFiles recently rolled out a new website geared to support the efforts of all skip-tracers through education, training and networking opportunities. Price highlighted there is no cost to join the industry dialogue and obtain the training materials available at SkipGuru.com. [Read More]

Recovery Specialist Insurance Group and Allied Finance Adjusters recently hosted a joint compliance training seminar in conjunction with Allied’s mid-year meeting at the Golden Nugget Hotel and Casino in Las Vegas. RSIG’s director of education Michael Howk and Allied’s compliance and education chairman Tom Wentling presented a full-day session on compliance. Howk and Wentling gave […] [Read More]