A jump in bankruptcies lasted just two months before returning to levels seen during most of last year. Epiq recently released its May bankruptcy filing statistics from its AACER bankruptcy information services business, reporting that new filings for May dropped to 34,734 across all chapters. [Read More]

Protective Asset Protection’s latest industry survey focused on how the pandemic impacted the sales of F&I products both online and at the dealership. Protective Asset Protection commissioned the online survey during March and took the pulse of nearly 500 F&I and dealership executives across the U.S. According to the feedback, approximately a quarter of respondents […] [Read More]

IAA announced another enhanced strategic agreement with Dealertrack to provide electronic registration and titling services About a year ago, these companies said these services became available in North Carolina. This week, the availability arrived in Ohio to facilitate the digital transfer of total loss titles. IAA and Dealertrack highlighted that this new agreement came together […] [Read More]

In addition to announcing a new advocacy campaign in lieu of its annual Washington Fly-In, the American International Automobile Dealers Association said Tuesday it has added Citrin — a provider of porter, car wash and mobility services to dealers — as an Affinity Partner. With the company as an AIADA Affinity Partners, members can receive, […] [Read More]

For decades, auto dealers have been constantly reinventing their advertising strategies to one-up their local competitors and entice car shoppers into their showroom. These ads have traditionally had a distinct, up-beat tone broadcast over radio and television channels, along with full-page ads in the Saturday newspaper promoting exciting deals on new and used cars and […] [Read More]

In recent years, an impending wave of off-lease supply was among the top stories in automotive. Not so much this year. According to the latest quarterly report from RVI Analytics, there was a 1.8% year-over-year drop in off-lease volume during April, and further softening is expected. “Given the low supply of new vehicles as a […] [Read More]

Swapalease.com shared more evidence that the auto-finance market appears to be stable. On Wednesday, site officials reported vehicle lease credit applicants on Swapalease.com registered a 69.9% approval rate in May. While the approval rate marked a small decrease from the 70.7% approval rate in April, it’s also higher than the same month last year when […] [Read More]

Floorplan providers are taking extensive actions nowadays to help independent dealerships secure the inventory they need as the wholesale market is impacted by soft volumes and soaring prices. After moves by Cox Automotive’s NextGear Capital as well as KAR Global’s AFC, ACV on Wednesday announced new title-dependent products available through its financing arm, ACV Capital. […] [Read More]

June is proving to be acquisitions month. Along with transactions involving dealer groups, auctions and digital retailing companies, Sedgwick — a leading global provider of technology-enabled risk, benefits and integrated business solutions — announced on Tuesday that it has acquired two regional automotive appraisal companies: Automotive Damage Appraisers of the Southwest (ADASW) and Metro Appraisal. […] [Read More]

After shoppers find a vehicle with all of the features they want, oftentimes the next question they want to be answered is how much their dream car is going to cost each month. To provide those details and more, Trusted Sale has partnered with OfferLogix to launch Trusted Car Payments — an online monthly payment calculator […] [Read More]