MobileAppLoader, a company that creates mobile device applications for small and medium-sized businesses, reported Wednesday that dealership apps it makes for one specific luxury brand are downloaded much more frequently than apps of its peers. The brand that led the way in the provider’s report with 36 percent of the total was BMW. Coming next […] [Read More]

DealerRater, a dealer review website, reached a new threshold for its Certified Dealer program while also marking a two-fold increase in the program’s  membership in the past six months. The site now has 2,000 dealers in the fold. Officials believe such monumental growth in the number of Certified Dealers underscores the significance of the certification […] [Read More]

Insurance Auto Auctions has debuted its ninth facility in the Sunshine State, as the company unveiled a facility in Fort Myers, Fla. It is located two miles from the city’s downtown. The auction is five miles from Interstate 75. “The Fort Myers facility was selected for its convenient location and to accommodate the increasing demand […] [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services announced this week it's now offering captive finance companies, lenders and dealerships universal closed-end vehicle lease agreements for all U.S. states. The company stated that these lease agreements can help ensure vehicle leases are in compliance with current federal and state-specific regulatory requirements, while also helping simplify leasing and back-office processes. By […] [Read More]

WASHINGTON, D.C. — September's average interest rate on new-car loans at auto finance companies climbed to the second-highest point of the year, according the latest report from the Federal Reserve. Officials calculated the September average was 4.35 percent. Not since February had the figure moved this high. That's when it jumped to 4.72 percent, starting a […] [Read More]

FORT WORTH, Texas — Along with announcing the pricing of an offering of automobile receivables-backed securities, General Motors Financial reported growth in both third quarter net income and originations. Earlier this week, executives from the company formerly known as AmeriCredit revealed that third-quarter net income totaled $51 million. They pointed out net income for the quarter that […] [Read More]

IRVING, Texas — In addition to announcing a $150 million warehouse line of credit this week, Exeter Finance Corp. detailed the gains the company has recently made in its business operations. Discussing its new financing in more detail, Exeter entered into the line of credit with with Wells Fargo Bank, N.A., and plans to use it for […] [Read More]

AOL Autos recently unveiled its list of what it considers to be the 20 best deals for November.  The site broke it down by vehicle segment, spotlighting models in the following classes: SUVs, pickups, compact cars, fashion statement vehicles and midsize cars. SUVs Ford Explorer [Read More]

In light of the disparity found when comparing economic optimism within the “business side” of things to the level of optimism (or lack thereof) among consumers, NADA Used Car Guide executive automotive analyst Jonathan Banks suggested that the used-vehicle market is experiencing somewhat of a “dichotomy.” [Read More]

Dealix launched a new feature Wednesday that the company is calling Buyer Insight, which can offer dealers information about past new-vehicle lead activity. With Buyer Insight, executives explained that each Dealix lead sent to a dealer can be enhanced with timely data derived from the past 60 days of lead activity. Dealix stated it can indicate […] [Read More]