Both Chase and Wells Fargo enjoyed positive developments in connection with their third-quarter auto loan origination volume performances. Starting with Chase, the company indicated its Q3 originations totaled $6.3 billion, a figure 7-percent higher year-over-year and 9-percent higher quarter-over-quarter. The growth left Chase's average auto loan amount as of the third quarter at $48.4 billion, […] [Read More]

Dealers have customers who are in-market for a new vehicle every month, says CAR-Research XRM, and it has launched a new product to help find them for dealers. On Monday, the company announced the release of its trademarked CAR-DealFinder tool on Monday, an Internet shopping monitoring program for auto dealers. The new tool is designed […] [Read More]

Due in part to continuing low demand, especially in Europe — one of its biggest markets — Volvo is halting production for a week this month, the OEM revealed Monday. The company said in a statement it will halt production from Oct. 29 to Nov. 2 at its Torslanda plant in western Sweden, reducing output […] [Read More]

Ford's Vehicle Remarketing Department recently spotlighted 12 auctions for their exceptional performance as Automotive Remarketing Services Partners. Receiving honors at the recent National Auto Auction Association conference, the following auctions were named ARS Partner Recognition Award Winners: Manheim Pennsylvania Manheim Mississippi Brasher’s Salt Lake Auto Auction ADESA Indianapolis Manheim New York Manheim Chicago Manheim Detroit […] [Read More]

As noted in its mid-year Auction Industry Report, the National Auto Auction Association is anticipating a “noticeable overall gain” in auction volume next year, given the projected turnaround for fleet/lease and manufacturer/factory numbers. Such an increase would likely not only help auctions, but also aid dealers in finding more inventory for their used-car lots. However, […] [Read More]

Organizers of Used Car Week have announced that the $200 early registration discount for the week-long series of conferences has been extended through the end of the day on Wednesday. The previous deadline for the early-bird rate at Used Car Week — which consists of three conferences and is set for Nov. 12–16 at The […] [Read More]

The American Bankers Association cautioned that cybercriminals are increasingly targeting small businesses such as dealerships, to transfer funds from accounts and steal private information, a fraud referred to as "corporate account takeover." The association contends that criminals can use spoofed emails, malicious software and online social networks to obtain login credentials to businesses' accounts, which […] [Read More]

A used-vehicle manager at a Midwest Honda dealership shared the following message in an email with vAuto consultant Tommy Gibbs and asked for help to address a problem with reconditioning. The manager wrote, “It kills me that all other facets of our business have evolved, especially with the integration of vAuto into our used-car operations. […] [Read More]

Offering dealers a better understanding of consumers’ paths to auto purchase is the goal of a new automotive channel attribution reporting suite released late last week by Dataium. By taking advantage of its Dataium Cloud Intelligence platform, a system which collects behavior on more than 20 million auto shoppers each month, the company said it […] [Read More]

Marketing automation platform for dealers OneCommand revealed late last week that a series of enhancements to the company's offerings comes along with a new corporate identity. The company announced the rollout of a redesigned website, corporate logo and the introduction of new products and services. [Read More]