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Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
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Bad weather causes drop in used sales, but conditions appear to have favored franchised dealers, the market research company found.
Read More →Terms are stretching, but the firm believes record lease penetration should maintain a healthy supply of future vehicle buyers with shorter purchase cycles.
Read More →OwnerGUARD has selected and successfully deployed StoneEagle’s SEcureARCH administration platform for its vehicle service contract and mechanical breakdown products, the two companies announced this week.
Read More →Called vRate, the new feature allows users to rate multiple providers and multiple products simultaneously. The direct-to-provider erating tool connects to 40 providers with which VisionMenu has direct integration.
Read More →Dealers using Friendly Finance as a subprime finance source can now electronically submit credit applications through RouteOne.
Read More →More consumers turned to leasing in the fourth quarter, with the transaction type rising to 28.4% of all new vehicles financed in the fourth quarter 2013.
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The combined entity of National Auto Care and Family First Dealer Services named Schumacher vice president of finance. He previously served with Allstate Dealer Services.
Read More →DealerSocket’s CRM tool is now integrated with Auto/Mate’s DMS, allowing for real-time, bidirectional updates of customer, vehicle and deal information in both systems.
Read More →Reporting a 19% increase in F&I product sales last year, Kia renews deal with JM&A to continue providing and administering its line for F&I products.
Read More →Nine days after the U.S. Chamber of Commerce issued a critical 16-page letter to the CFPB, the NADA sent its own letter to members of the House of Representatives in support of a bill that seeks to ‘restore traditional checks and balances' regarding the bureau’s activities.
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