Used Car NewsUsed Car News

  • ABG +1.68 - +2.84%
  • AN +1.23 - +2.36%
  • CACC -4.25 - -2.30%
  • CAR +0.00 - +0.00%
  • CARZ +0.42 - +1.28%
  • CPRT +0.01 - +0.02%
  • CPSS +0.11 - +2.66%
  • CRMT -0.20 - -0.57%
  • DAI
  • F -0.05 - -0.39%
  • FIATY +0 - +0%
  • GM +0.55 - +1.77%
  • HMC +0.13 - +0.48%
  • HTZ -1.14 - -2.29%
  • KAR -0.23 - -0.53%
  • KMX -0.09 - -0.15%
  • LAD +0.56 - +0.65%
  • MZDAF +0.00 - +0.00%
  • NSANY -0.25 - -1.27%
  • PAG +2.50 - +6.73%
  • SAH +0.07 - +0.39%
  • TM +0.84 - +0.76%
  • TRAK +0.00 - +0.00%
  • TSLA +4.18 - +1.81%
  • TTM +0.33 - +0.88%
  • VLKAY +0.35 - +1.20%
  • VROM

Featured News

J.D. Power Finds Consumers Want Safety Tech
Driver-assist technologies help make vehicles considerably more appealing to their owners, according...

Read more

Group 1 Reports Higher Retail Sales
Group 1 Automotive, Inc. reported strong performance from its used-car operations in the second quar...

Read more

Car Harmony Partners with Westlake
Car Harmony, an online car shopping service, introduced a new finance tool for car shoppers.
...

Read more

Asbury Adds a Q Store
Asbury Automotive Group Inc. opened a new Q used-car store in the greater Tampa, Fla., area in the s...

Read more

J.D. Power Finds Consumers Want Safety Tech
Group 1 Reports Higher Retail Sales
Car Harmony Partners with Westlake
Asbury Adds a Q Store

Used Car News | Home

Consumers Want Credit Repair

If buy-here, pay-here dealers aren’t reporting data to the credit bureaus, they’re missing a great opportunity to build a customer base.

That’s the finding of a study by AutoTrader.com presented at the recent National Alliance of Buy-Here, Pay-Here Dealers conference.


The two top concerns for shoppers remain financing and inventory. But consumers are interested in rebuilding their credit.


That’s especially true after the recent downturn.


Howard Polirer, AutoTrader.com’s director of industry relations, said few dealers promote credit rehabilitiation in their online advertising.


That could be because few actually do it. Only a little more than a third of buy-here, pay-here dealers report payment information to the credit bureaus.


Polirer also said dealers need to make consumers more comfortable about the car-buying process.


He recommends including information about what consumers need to get approved for credit at the dealership.


Polirer said testimonials from existing customers are another way to promote a sense of trust with the dealer.