Normal 0 false false false EN-US X-NONE X-NONE SACRAMENTO, Calif. — Only a signature from the governor stands in between a bill to significantly change how buy-here, pay-here dealers operate in California from becoming law. The state legislature on Tuesday approved Assembly Bill 1447, the measure that would require a written warranty among other mandates. […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE NEW YORK — Fitch Ratings believes the trends that led to an increase in the issuance of subprime auto ABS are likely to continue through the end of the year. Why? Analysts said on Tuesday that they contend "lending practices are normalizing, and the trends that issuers […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE CARMEL, Ind. — Dealer Services Corp. of Indiana on Tuesday rolled out a new mobile version of its website aimed at making it easier for store managers to connect to products and services. Officials explained the new mobile version of DiscoverDSC.com is accessible from any smartphone. The […] [Read More]

SAN CLEMENTE, Calif. — Dealership CRM DealerSocket announced Tuesday it has integrated with RouteOne, so now customer and vehicle information can be pushed from DealerSocket to the RouteOne credit application network. DealerSocket highlighted that it has similar third-party relationships with several companies, including DealerTrack, vAuto, Kelly Blue Book, ADP and Reynolds and Reynolds. "DealerSocket is […] [Read More]

With the continued success and growth of e-commerce among automotive consumers, it’s becoming easier and easier for dealers to expand their inventory from the lot to the Web. Like all industries, you are only going to be as successful as you are credible, and this is magnified even more so when selling vehicles online. When […] [Read More]

On Monday, Kelley Blue Book shared the 25 most-researched used vehicles on its site over the last 30 days, and topping the list was the Honda Civic. In fact, Honda claimed the top two spots, as the Accord came in second. However, dominating the list was Ford, which led all OEMs with eight models making […] [Read More]

The next few years will likely see a modest uptick in used-vehicle depreciation rates, but thanks to factors like low supplies of late-model units — among other reasons — the projected rate is expected to be slower compared to the more dramatic depreciation witnessed in years past. That’s the word from NADA Used Car Guide, […] [Read More]

While Tropical Storm Isaac doesn’t appear to be packing the same vicious punch Hurricane Katrina did seven years ago, there are concerns about what the storm on the verge of hurricane strength might do to gas prices nationwide and vehicle sales along the Gulf Coast and beyond. Alec Gutierrez, senior market analyst of automotive insights […] [Read More]

A new partnership between HookLogic and PureCars is meant to turn qualified online leads, from shoppers looking to trade in their vehicles, into showroom visits. HookLogic and PureCars today announced the launch of this new product, called PureCars TradeHook, for subscribing dealerships. Using gift cards as an incentive, PureCars TradeHook encourages car owners to submit […] [Read More]

Recent stress tests conducted by Fitch Ratings determined the majority of AAAsf rated U.S. prime auto loan ABS outstanding classes of notes are comfortably able to withstand a hypothetical recession and material declines in used-vehicle recovery rates. Under the moderate scenario, Fitch expects all AAAsf rated notes to likely remain rated investment grade with nearly […] [Read More]