Supply: the topic that has been at the forefront of used-car dealers’ minds for the past few years as quality pre-owned vehicles proved scanty in the lanes. And as leasing dried up in the years after the 2008 recession, both off-lease and off-fleet vehicles — which had fed the auction lanes in the past — […] [Read More]

The auto industry’s financing spigot is steadily reopening after being choked off when the recession hit more than three years ago. As proof of strengthening funding support, CNW Research indicated that back in September there was a 13.7-percent increase year-over-year in the number of buyers who received a pre-approved loan before purchasing a used vehicle. [Read More]

Black Book predicted last week that the increase in small cars being made coupled with the disproportionate amount of consumers interested in purchasing them may lead to overproduction issues. Offering a different take, an Automobile.com survey paints an alternate picture of where demand for these models stands. It contends that the sales of compact and […] [Read More]

Last week's ceremony during the NABD East Coast Conference to enshrine the newest member of the alliance's Hall of Fame turned back the clock on the buy-here, pay-here industry to a time of handshake contracts and Southern hospitality. The National Alliance of Buy-Here, Pay-Here Dealers posthumously welcomed Martin Ingram to its Hall of Fame. Ingram […] [Read More]

Dominion Dealer Solutions has released a new equity alert tool that’s meant to further empower dealers to pull in-service customers into the buying market.   The company explained DealActivator can mine the store’s database for highly-qualified equity customers from sales and service, delivering data to the dealer daily.  Dealers can locate quality inventory at better prices, […] [Read More]

After revealing third quarter results that included double-digit increases in used sales, Lithia Motors announced late last week it has acquired a new Toyota store out West. The dealer group has bought Bitterroot Toyota, which is located in Missoula, Mont. The store will be renamed Lithia Toyota of Missoula, and will add $45 million in […] [Read More]

CHICAGO — A new TransUnion study found that people who monitor their own credit files open significantly more new auto loans and credit cards, and perform generally as well on those loans as consumers who do not monitor their own credit. The company's study determined that consumers who monitor their credit in any given credit […] [Read More]

NEW YORK — The most recent index results from Fitch Ratings indicated U.S. auto ABS loss rates rose 12 percent from levels seen in August, though performance was notably stronger in September than in past years to close out the third quarter. Despite the uptick in losses, analysts said September's low loss levels underscore the […] [Read More]

CARY, N.C. — As the October sales month winds down, used-car sales projections for the period are up. SubPrime Auto Finance News compiled the sale forecasts for October from TrueCar.com, Edmunds.com and CNW Research. While the numbers may vary, the experts agree that sales are headed in a positive direction.   TrueCar, in its October used-car […] [Read More]

ELIZABETH, N.J. — A new Arizona-based vendor screening company today launched what it's calling the first online compliance management system for the auto lending industry. Vendor Transparency Solutions explained that it developed an industry-specific, comprehensive, supplier screening solution designed to assist the lending community to reach the highest level of compliance. The tool is also […] [Read More]