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Categories: Auto Finance, Dealer Ops, Digital, Product & Technology
PassTime Launches ‘Revolutionary’ Wireless GPS Device

PassTime announced the launch of Encore, a new dealer-facing vehicle asset management tool packaged in a completely self-powered, slim design.

https://www.autodealertodaymagazine.com/358772/passtime-launches-revolutionary-wireless-gps-device
Categories: Auto Finance, Dealer Ops, Digital, F&I
CoreLogic Integrates Prequalification Tool With eLEND

eLEND Solutions dealers now have access to CoreLogic Credco’s Three-Bureau PreQual soft-pull credit inquiry tool as part of a new partnership.

https://www.autodealertodaymagazine.com/358770/corelogic-integrates-prequalification-tool-with-elend
Categories: Auto Finance, Dealer Ops, Showroom
Report: Used-Vehicle Prices Up 2% From 2018

J.D. Power’s latest index finds average prices for used vehicles were up 2% year-over-year in August. Analysts say the segment will continue to drive...

https://www.autodealertodaymagazine.com/358646/report-used-vehicle-prices-up-2-from-2018
Categories: Auto Finance, Dealer Ops
Secondary Lease Approvals Dip Below 69% in August

Swapalease.com reports a high number of applicants and a slightly tighter credit market in August. A 68.9% approval rate fell short of July’s 69.1% and...

https://www.autodealertodaymagazine.com/358308/secondary-lease-approvals-dip-below-69-in-august
Categories: Auto Finance, Dealer Ops, F&I, Industry, Showroom
Fed Cuts Interest Rates Again, Stock Market Responds

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...

https://www.autodealertodaymagazine.com/358304/fed-cuts-interest-rate-again-stock-market-responds
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Cox: Franchised, Independent Dealers See Two Different Markets

Cox Automotive’s latest Dealer Sentiment Index shows a marked disparity in optimism and fear factors between America’s new- and used-car dealers.

https://www.autodealertodaymagazine.com/358259/cox-franchise-independent-dealers-see-two-different-markets
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Subprime Fell to Lowest Share Since 2011 in April

An Equifax review of auto finance data from the first four months of 2019 found subprime’s percentage of total originations fell to 22.7% for all purchases...

https://www.autodealertodaymagazine.com/358229/subprime-fell-to-lowest-share-since-2011-in-april
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Escalating Finance Costs Drive 24% Spike in TCO

AAA analysts say bigger price tags and higher interest rates have conspired to raise American new-car buyers’ average annual total cost of ownership to...

https://www.autodealertodaymagazine.com/358227/escalating-finance-costs-drive-24-spike-in-tco
Categories: Auto Finance, Compliance, Dealer Ops, Industry
Rooney Joins Hudco as Partner in DC Office

Mark E. Rooney, an attorney whose practice focuses on consumer litigation defense and government investigations in the financial services industry, has...

https://www.autodealertodaymagazine.com/358191/rooney-joins-hudco-as-partner-in-dc-office
Categories: Auto Finance, Compliance, Dealer Ops, Industry
NADA Mounts Opposition to Enhanced Safeguards Rule

National Automobile Dealers Association officials have told the FTC that proposed new provisions to the Safeguards Rule may be unnecessary and could cost...

https://www.autodealertodaymagazine.com/358185/nada-mounts-opposition-to-enhanced-safeguards-rule


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