Used Car NewsUsed Car News

  • ABG 71.00 +0.20 - +0.29%
  • AN 55.83 +0.40 - +0.74%
  • CACC 123.24 +0.14 - +0.11%
  • CAR 69.32 -0.43 - -0.63%
  • CARZ 39.80 -0.099 - -0.25%
  • CPRT 39.50 +0.015 - +0.04%
  • CPSS 7.40 +0.08 - +1.13%
  • CRMT 45.00 -0.45 - -1.05%
  • DAI N/A - N/A
  • F 17.45 -0.01 - -0.06%
  • FIATY 0.00 -0.02 - -0.20%
  • GM 34.80 +0.12 - +0.35%
  • HMC 34.35 -0.02 - -0.06%
  • HTZ 29.60 -0.66 - -2.18%
  • KAR 30.18 +0.24 - +0.80%
  • KMX 52.95 +0.44 - +0.85%
  • LAD 88.50 +0.52 - +0.60%
  • MZDAF 0.00 0.00 - 0.00%
  • NSANY 0.00 -0.10 - -0.52%
  • PAG 49.50 +0.01 - +0.02%
  • SAH 25.40 -0.04 - -0.16%
  • TM 116.00 -0.11 - -0.10%
  • TRAK 0.00 +0.58 - +1.31%
  • TSLA 272.00 +5.84 - +2.21%
  • TTM 48.20 +0.62 - +1.30%
  • VLKAY 0.00 -0.39 - -0.86%
  • VROM N/A - N/A

Featured News

Genuine Recalls Scooters for Stalling
Genuine Scooters LLC is recalling certain model year 2014 Stella 125 Automatic scooters manufactured...

Read more

Women More Willing to Negotiate
Women are now warming up to the negotiation process.

According to a survey conducted by ...

Read more

Dealership Buy-Sell Activity Nears $1 Billion
Buy-sell activity for auto dealerships this year may come close to levels not seen in a decade, acco...

Read more

Used Car Sales Continue to Climb
Used-car sales rose again in August.

True Car Inc. estimates total used car sales, includ...

Read more

Genuine Recalls Scooters for Stalling
Women More Willing to Negotiate
Dealership Buy-Sell Activity Nears $1 Billion
Used Car Sales Continue to Climb

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.