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Newsby StaffJune 7, 2019

Black Book: Retention Index Up for First Time Since October

Black Book’s Used Vehicle Retention Index registered its first monthly gain of the year, ticking up to 114.4 in May. But analysts warn waning demand could follow a strong end to the spring selling season.

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Newsby StaffJune 6, 2019

Experian: Facing Higher Loan Amounts, Prime Buyers Go Used

More consumers in the prime and superprime credit tiers opted for used vehicles as concerns around affordability grew in the first quarter, according to the latest report from Experian.

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Newsby StaffJune 6, 2019

Report: GAP Claim Payouts Are Accelerating

Protective Asset Protection analysts say GAP claim payouts rose by 19.5% for new vehicles and an astounding 95% for used vehicles between 2014 and 2018.

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Newsby StaffJune 5, 2019

DealerSocket Upgrades Inventory+ Software

New enhancements to DealerSocket’s inventory management platform were designed to offer dealers greater control and visibility and a higher profit per vehicle.

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Newsby StaffJune 5, 2019

Porsche Palm Springs Gets Solar System

Renova Energy announced the installation of a SunPower Helix Dual Tilt solar system at Southern California’s Porsche of Palm Springs, a new LEED-certified dealership.

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Newsby StaffJune 5, 2019

Group 1 Debuts Digital Sales and F&I Platform

Group 1 Automotive has launched AcceleRide, a fully online buying process that includes vehicle configuration, trade-in valuation, and financing options, at 79 U.S. dealerships.

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Newsby StaffJune 5, 2019

Manheim Tucson Is First All-Digital Auction

Manheim has launched its first 100% digital auction at its Tucson location, a move designed to provide a safe, comfortable, and technologically advanced setting for buyers and sellers.

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Newsby StaffJune 5, 2019

CoreLogic Launches Three-Bureau PreQual

A new solution from CoreLogic Credco was designed to help auto dealers efficiently prequalify potential customers via soft-pull credit reports and scores from all three national credit bureaus.

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Newsby StaffJune 4, 2019

Report: Car Buyers Prefer Full-Motion Walkarounds

Flick Fusion reports consumer views of full-motion walkaround videos grew at a 20% clip in Q1, outpacing stitched-photo videos and accounting for 18% of all inventory video views.

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Newsby StaffJune 4, 2019

KBB.com: New-Car Prices Up Nearly 4% in May

Kelley Blue Book analysts say a parade of new models helped drive the average price for a new vehicle sold in the U.S. to $37,185 in May, a 3.7% year-over-year increase.

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