VINCUE recently finalized details for a National Corporate Partnership with the National Independent Automobile Dealers Association (NIADA) to help members optimize the inventory lifecycle. VINCUE will offer its solutions to NIADA members at a preferred price, giving them access to tools and data so they can manage: —Inventory —Pricing and appraisal —Merchandising —Advertising with VIN-specific targeting […] [Read More]

In September, Canadian Black Book’s Used Vehicle Retention Index increased sequentially after three months of declines. Last week, however, Canadian wholesale vehicle prices reached a milestone of a different sort. The 0.56% drop marked the most significant decline in used-vehicle values in … [Read More]

Ignite Consulting Partners continued its Tip of the Week series by again focusing on the enhanced Safeguards Rule set to be implemented by the Federal Trade Commission. Ignite said that independent and buy-here, pay-here dealerships should have completed or at least are in the process of compiling their risk assessments and formulated a report mandated […] [Read More]

If you were looking for upbeat news about auto finance payment performance or the economy in general, Kroll Bond Rating Agency (KBRA), Fitch Ratings and Comerica Bank didn’t have too much to offer last week. While Fitch shared its expectations for when an official recession might arrive, and Comerica discussed inflation, KBRA indicated that September […] [Read More]

Used-vehicle sales fell 9.2% year-over-year in September and are trending toward a full-year tally more than 12% softer than that of 2021, according to Cox Automotive. But there remains some positive signs, particularly late last month, which saw an uptick in the rolling 30-day retail sales for used cars, according to the company’s Manheim Market Insights […] [Read More]

While certified pre-owned (CPO) programs appear to be more important than ever for executives of mass market and premium brands given production disruptions that have limited supply of new vehicles, two distinct narratives are playing out, according to a recent Voice of the Experts (VoE) report from the J.D. Power Valuation Services group. Most premium […] [Read More]

TrueCar announced last week that it has added an accessories menu to its TrueCar+ online car buying platform, which is currently available in Florida. The company said more than 12,000 hardware parts are now available on the platform. “Accessories are another way of customizing the online vehicle purchase to each individual buyer, while offering additional […] [Read More]

Nacha commissioned a study earlier this year to determine how younger consumers are securing their income that’s key to lining up auto financing and maintaining monthly payments. The organization that governs the ACH Network learned that the sizable majority of the nation’s younger millennials are paid by direct deposit. But Nacha’s study also revealed a stark […] [Read More]

Point Predictive chief fraud strategist Frank McKenna returned for his monthly visit on the Auto Remarketing Podcast. With Halloween a week away, McKenna explained what “scary” financial things such as phantom loans and the dark web are and how they can greatly impact auto financing. To listen to the conversation, click on the link available below, […] [Read More]

Perhaps dealerships and other segments of the auto finance and retail spaces can take solace in the dissenting statement from one of the former leaders of the Federal Trade Commission, which ordered a Washington, D.C.-area dealer group to pay more than $3.3 million in penalties over “junk fees” and alleged discrimination. Last week, the FTC […] [Read More]