Wantalease.com spotted a monthly lease offer for a full-size pickup on par with compact cars and likely less than half of what a monthly payment attached to a retail installment sales contract might be. Going for just $169 per month, Wantalease.com noticed that consumers on its site can secure a Ram 1500 Crew Cab. That’s […] [Read More]

Finance companies are fighting a cyber-war against criminals who carry out millions of daily attacks in a bid to steal personal data and defraud businesses of millions of dollars. That is the stark message from data security expert Royce Curtin, managing director of global intelligence at Barclays, who warns finance companies that they must constantly […] [Read More]

Dealers who use XLerate Group to acquire their inventory now have more financing flexibility. XLerate Group announced on Tuesday that dealer floorplan company XLFunding is now available at all of its auction locations. XLFunding is a full-service flooring company with flexible tiers, local title services and a simple credit line process for dealers. As part […] [Read More]

JM Family Enterprises will have a new chief executive officer on July 1. Replacing Colin Brown, who was appointed CEO in 2003 by company founder Jim Moran, will be Brent Burns, who is JM’s current president and chief operating officer. Brown will remain board chairman and provide guidance to Burns in the new post. Burns has […] [Read More]

While 2-year-old and 3-year-old cars might be the most attractive used choices for some, there are parts of the country where there’s considerable demand for older options. In fact, research shows that Americans who buy the oldest cars live in Portland, Ore. Out of the top 50 most populated metropolitan areas in the United States, Portland is […] [Read More]

Despite happiness about getting a new car, consumers' feelings about the actual buying experience sometimes don't quite match such positive sentiment. Negative impressions that stem from past experiences at dealerships can compete with the joy that car buyers often associate with the act of obtaining a new ride, according to survey data released by Shift Technologies on Thursday. This was one […] [Read More]

Ford, Nissan and Toyota brands have been recognized for delivering multiple models that carry the lowest fleet lifecycle cost. The three brands took home nearly half of the 2018 Vincentric Best Fleet Value in America awards this year, Vincentric announced Tuesday. This year, Ford earned a total of seven awards. In addition to the American […] [Read More]

Automotive finance has gone from a world of paper stacks and faxes to smartphones and apps. It’s also starting to become a lot more efficient, as players like SpringboardAuto aim to provide end-to-end car financing online. Hear what Jim Landy, founder and chief executive of SpringboardAuto, had to say about this auto fintech evolution in the […] [Read More]

With the arrival of this year’s vehicle refreshes and upcoming launches, both the pickup truck and sport utility vehicle/crossover utility vehicle segments have seen recent rises in year-over-year shopper interest unmatched by the gains produced by sedans. Last month, one-ton, full-size, and midsize pickup truck segments saw sizable year-over-year increases in shopper interest ranging from 28 […] [Read More]

Even if, like me before writing this column, you haven’t heard of it by name, you almost certainly have experienced the Baader-Meinhof phenomenon. A HowStuffWorks article by Katie Kershner explains it at such: “This phenomenon occurs when the thing you’ve just noticed, experienced or been told about suddenly crops up constantly. “It gives you the feeling […] [Read More]