If you’re waiting for used-car prices to come down any time soon, don’t hold your breath. Given market dynamics — like reduced vehicle availability, competition in the auction lanes and consumers still buying cars but keeping their current rides — J.D. Power Valuation Services director of market intelligence David Paris says … [Read More]

When InsightLPR unveiled its five-person executive team last month, the technology company providing proprietary license plate recognition (LPR) software, hardware and data products to help companies increase their value said it would be rolling out its solutions at the North American Repossessors Summit, which is set to start in three weeks in Denver. A news […] [Read More]

As overall wholesale prices gained another 0.11% last week, the newest installment of Black Book’s Market Insights began with analysts focused on two vehicle segments that often attract the most buyer attention. Black Book said full-size trucks and compact cars have been “catching our eye in recent weeks … for their pricing movements are now […] [Read More]

J.D. Power made an assertion that might frustrate service advisors and managers at franchised dealerships. Based on the J.D. Power 2022 U.S. Aftermarket Service Index (ASI) Study, vehicle owners say the ease of doing business with an aftermarket service facility is a key reason they choose them rather than a franchised dealer for some types […] [Read More]

Fuccillo Automotive Group has sold its Fuccillo Kia of Clermont dealership in the Orlando, Fla.-area to Florida-based Morgan Automotive Group, according to a news release from Kerrigan Advisors, which represented Fuccillo in the sale. Morgan Automotive Group has 53 Florida dealerships throughout Tampa, Gainesville, Ocala, Lake City, Jacksonville, Sarasota, Naples, Fort Myers, Brandon, New Port […] [Read More]

The National Automotive Finance Association solidified its board of directors and voted in two new members last week during its 26th annual Non-Prime Auto Financing Conference in Plano, Texas. The NAF Association announced that Paul Gillespie, who is senior vice president of dealer services at AmeriCredit, will serve another one-year term as president. The organization […] [Read More]

Lot2You Auto Finance sees the No. 1 frustration of subprime consumers as the time spent waiting on an approval and the fear of embarrassment while at a dealership. With that situation in mind while being committed to progressive thinking and innovation in the automotive industry, Lot2You Auto Finance launched its newest product this week, designed […] [Read More]

The credit union located near your residence or business might only be a fraction of the size of ,say, a bank with a national footprint. However, when you add together that credit union with its contemporaries throughout the U.S., then you have what Experian discovered — the largest participant in auto financing. Through the first […] [Read More]

Here’s another development involving EVs and shorter consumer obligations. Ferry, an electric vehicle subscription platform that allows consumers to obtain short-term leases on new EVs, announced this week it has partnered with Inspiration Fleet to make Tesla Model 3s and Model Ys available to customers in Austin, Texas. Ferry said it has also reached more […] [Read More]

CUDL is broadening the reach of its credit union financing network to go beyond vehicles. Integrated Dealer Systems (IDS), a leading RV, marine and trailer dealership management software provider, recently launched a new integration with CUDL. According to a news release, this integration will cut down the time it takes dealerships to process F&I requests, […] [Read More]