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From Houston Business Journal https://twitter.com/HBJMartin A Houston-based car broker aims to disrupt an industry in need of some fine tuning. The car-selling process today is antiquated and tends…

From Houston Business Journal

https://twitter.com/HBJMartin

A Houston-based car broker aims to disrupt an industry in need of some fine tuning.

The car-selling process today is antiquated and tends to favor the dealership more than the consumer, said Michael Dodd, CEO of Carphoria LLC. A former car salesman, Dodd developed an idea…

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Added by Jon Floyd on April 20, 2015 at 8:04am — No Comments

Extended Market Strength With Smaller Cars Strength

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.

 

In this week’s report, the Black Book editorial team identifies a continuation of strength, particularly for smaller car segments. Compact Cars (+0.52%), Entry-Level Cars (+0.45%) and Entry Mid-Size Cars (+0.15%)…

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Added by Black Book on April 15, 2015 at 9:02am — No Comments

Swapalease Selects WeGoLook for Lease Transfer Auto Inspections

Swapalease announces WeGoLook as their exclusive auto inspection company for lease transfers. Consumers looking to purchase lease takeovers will utilize WeGoLook to complete auto inspections prior to the transaction.



WeGoLook announces it has signed an agreement with Swapalease.com as their exclusive automotive inspection company for off lease and trade-in vehicles this week. This strategic relationship will provide Swapalease customers the opportunity to purchase auto inspections…

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Added by John Sternal on April 15, 2015 at 7:18am — No Comments

CAR LEASE CREDIT APPROVALS SEE LOWEST NUMBERS SO FAR IN 2015

Volatility Remains for Lease Applicants Due to Increased Attention on Secondary Market

 

CINCINNATI, OHIO (April 14, 2015) – Swapalease.com, the nation’s largest car lease marketplace, reports lease credit approvals for March tumbled to just 60.0% of lease transfer applicants, with the 2015 average off the average healthy pace at just 63.4%.

 

Lease credit approval volatility has been apparent over the last six months, with every other month surging above or below…

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Added by John Sternal on April 14, 2015 at 6:12am — No Comments

BLACK BOOK ADDS BARRETT TEAGUE AS VICE PRESIDENT OF LENDER SOLUTIONS

Black Book today announced that Barrett Teague has joined the company serving as Vice President of Lender Solutions. A 20-year automotive finance industry veteran, Teague is responsible for overseeing strategic operations to help Black Book’s automotive lender clients leverage vehicle data and collateral analytics for profitable portfolio management and expansion.

 

“We look forward to the leadership Barrett brings to the Black Book Lender Solutions team, especially given his…

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Added by Black Book on April 13, 2015 at 1:52pm — No Comments

Don't Get An EMV-ready Credit Card Terminal Until You've Seen This

Don't Even Think Of An EMV Terminal Until You've Seen This First!

First of all I'd like to suggest you stop using credit card terminals altogether - and this is a perfect time to get rid of them ... but more on that below. First, let's answer this question -

What is EMV?

"EMV" is an acronym…

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Added by Virgil Stanphill on April 10, 2015 at 5:30am — No Comments

Market Strength Continues

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.

 

In this week's report, the Black Book editorial team takes a close look at this past week's valuation trends, with a special insiders look at activity within the Specialty Markets. Tax season buying and selling…

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Added by Black Book on April 8, 2015 at 8:25am — No Comments

BLACK BOOK DATA SHOW LARGER VEHICLES WITH STRONGER DEMAND THIS SPRING

According to Black Book® data, the average price of a used vehicle for model years 2009-2013 depreciated by an average of -0.7% during March, slightly less depreciation than during February. Domestic cars increased +0.9%; import cars changed -0.9%; domestic trucks changed -0.3%; and import trucks changed -0.9%. Average pre-recession annual depreciation was continually recorded between -15% and -18%, and Black Book expects 2015 depreciation near -14.5%.

 

Luxury SUVs saw the largest…

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Added by Black Book on April 7, 2015 at 6:07am — No Comments

Seasonality Trends Looking Different This Spring

Welcome to this week's edition of Black Book Market Insights, with in-depth analysis of used car and truck valuation trends and insights straight from the auction lanes. Click here to download the full report.

 

In this week's report, the Black Book editorial team takes a close look at this past week's valuation trends. As we see the beginning of April finding the industry, there are some surprising segments finding…

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Added by Black Book on April 1, 2015 at 12:28pm — No Comments

BLACK BOOK NAMES CHRIS DU TOIT VP, PRODUCT MANAGEMENT

Black Book, a leading provider of electronic data and insight to the automotive industry, today announced the appointment of Chris du Toit to vice president, Product Management. The announcement was made by Tom Cross, president of Black Book, and the appointment is effective immediately.



In this newly created role, du Toit has responsibility for leading product strategy and product management for all Black Book product offerings. du Toit will focus on enhancing existing products as…

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Added by Black Book on March 31, 2015 at 7:00am — No Comments

Off Roading in India - What You Need To Know

Among Indians, off-roading is a niche adventure sport, more so because the not everyone can afford off-roading vehicles. Off-roading vehicles are designed to be driven on unpaved roads and rugged terrain. If you aren't very sure about what off-roading is, here’s a brief.…

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Added by Rajat Tyagi on March 31, 2015 at 2:29am — No Comments

Broad Strength In The Market

Introducing the new Black Book Market Insights, a weekly report capturing the latest vehicle valuation trends straight from the auction lanes and reported as it happens by Black Book’s team of editors. The data, trends and insights delivered weekly in this report will help you make the right decisions to identify growth opportunities and maximize profit potential. This week is the second issue, covering the latest trends and data impacting the automotive industry here in late…

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Added by Black Book on March 26, 2015 at 7:25am — No Comments

“FUTURE OF CAR SHOPPING” SURVEY RESULTS RELEASED WITH INTERESTING FINDINGS

Shoppers Want More Creative Thinking in Leasing; Not Interested in Autonomous Driving



CINCINNATI, OHIO (March 24, 2015) – Swapalease.com, the nation’s largest car lease marketplace, released its latest report addressing the future of automotive trends as told by car shoppers and consumers. Swapalease.com surveyed more than 2,500 drivers and car shoppers across the U.S. to find out how they’d like to shop for cars in the future, among other car-related findings. Among the findings,…

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Added by John Sternal on March 24, 2015 at 12:58pm — No Comments

The Best Credit Card Processing For Multi-Location Dealers

Computer vs Credit Card Terminal

Auto dealers can realize significant benefits from computer-based processing (vs. a terminal), because the typical dealership has a least 3 departments they're getting transaction data from each day - the big 3 are sales, service and parts. Often, there are even more departments, e.g., body shop, rental, finance and/or miscellaneous (some dealers even have refreshment areas complete with coffee bars, etc. ... which of course means even more credit…

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Added by Virgil Stanphill on March 23, 2015 at 12:00pm — No Comments

Let Data Drive Pretty Much Everything in Your Marketing

First, a mini-rant. It will make sense why I'm starting with a rant before getting to the meat of the issue.

I was on the phone with a social client and their prospective search marketing provider the other day when I was blindsided by ignorance. It wasn't what I expected from a company…

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Added by JD Rucker on March 23, 2015 at 6:09am — No Comments

Is Your ATV Ready For A Ride In Great Himalayas?

The Great Himalayas offer terrains for adventure trips like no other. ATV riders flock places like Himachal Pradesh, Kashmir, Uttarakhand, etc. in huge numbers to experience the thrill of off-roading. And because the terrains differ from one another in form, seasoned ATV riders prepare their mighty machines before taking these on the road.…

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Added by Rajat Tyagi on March 23, 2015 at 12:30am — No Comments

Tax Season Strength Starting To Pick Up

Introducing the new Black Book Market Insights, a weekly report capturing the latest vehicle valuation trends straight from the auction lanes and reported as it happens by Black Book’s team of editors. The data, trends and insights delivered weekly in this report will help you make the right decisions to identify growth opportunities and maximize profit potential. This week is the inaugural issue, covering the latest trends and data impacting the automotive industry here…

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Added by Black Book on March 19, 2015 at 7:30pm — No Comments

Influential Content Created and Distributed Across Social Media Channels... The Right Way!

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Added by Automotive Social Media on March 16, 2015 at 2:47pm — No Comments

The Final Beggs On The Used Car Market

Hello and welcome to the final edition of Beggs on the Used Car Market. Yes, I did say the final edition of this weekly video blog series. But before we reminisce a little, let’s take a look at some recent trends in the used market.



This past month brought pretty solid overall values as the depreciation was at -1.2%, the same level as January results. But there are differences. The industry is right…

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Added by Black Book on March 9, 2015 at 12:10pm — No Comments

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