Black Book: Weekly Market Update
Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
October 12, 2021
Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
October 12, 2021
CULA posted its 9th consecutive record month, with more leases processed in May and June than in any other months in its history.
July 19, 2021
The company will continue growing its indirect lending business while also branching into direct-to-consumer financing, traditional retail financing, and lending across the full credit spectrum.
May 11, 2021
A number of U.S. auto dealers and dealership sales and F&I personnel were the victims or alleged perpetrators in several major fraud cases this year.
December 30, 2019
Dealers on the CDK Global DMS can now import lease deals into Digital Contracting on the Dealertrack uniFI platform, part of an upgrade also designed to benefit finance sources.
November 18, 2019
Mini Financial Services has launched Flipped Financing, a new captive finance option billed as a simplified, low-pressure, single-rate approach for dealers, finance managers, and customers.
October 23, 2019
Dealertrack announced the integration of its proprietary electronic contracting solution with Dealertrack uniFI, promising a paperless lead-to-contract workflow facilitated by a single platform.
October 15, 2019
Mark Sargeant has been promoted from vice president of business development and marketing to CEO of AutoMap LLC.
October 8, 2019
The U.S. Department of Justice has charged a Maryland dealership with offering different credit terms to different customers based on race, an allegation backed by reports from African American and white testers.
October 2, 2019
eLEND Solutions dealers now have access to CoreLogic Credco’s Three-Bureau PreQual soft-pull credit inquiry tool as part of a new partnership.
September 25, 2019
Stock are on the rise following the second quarter-point reduction to the federal funds rate in less than two months. No further cuts are planned for this year or next, guaranteeing further pressure from the White House.
September 19, 2019
Toyota Motor Credit will offer loans, leases, and F&I products to Mazda’s U.S. dealers and customers, replacing the JPMorgan Chase-backed Mazda Capital Services as the factory’s captive finance company.
August 29, 2019
An Ally/Harris survey of U.S. consumers found only 21% had purchased a vehicle service contract, propelling their average five-year maintenance and repair costs to nearly $2,000.
August 26, 2019
Matching payments program provider SMART Payment Plan is seeking agents to represent the company in 30 new U.S. markets.
August 20, 2019
Lease approval ratings improved in July following a slight dip in June, according to the latest report from Swapalease.com.
August 16, 2019
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