In what could be good news for the automotive industry, Fitch Ratings projected in its latest Global Economic Outlook (GEO) that the recovery in global growth is strengthening and is expected to pick up to 2.9 percent this year and peak at 3.1 percent in 2018, which would be the highest rate since 2010. “Faster […] [Read More]

Consumers’ loyalty to midsize sedans is currently strong and shopper interest across all luxury SUV/CUV segments is up 2 percent from April, according to Jumpstart Automotive Media’s latest shopper interest data report. Interest in midsize sedans across Jumpstart’s portfolio of sites is up for the second consecutive month, rising by 4 percent during April and May. […] [Read More]

The bucket of used vehicles reaching the retail market these days is of the later-model, higher-quality sort, and many are set up with tech amenities that aren’t too far off from the perks found in new cars. That’s driving many car shoppers to choose pre-owned, says Alex Klein, who is vice president of data science […] [Read More]

It appears consumers’ desire for a luxury model and their financial capacity to take over a lease didn’t mesh together well last month. Swapalease.com reported on Tuesday that vehicle lease credit applicants registered just a 48.1 percent approval rate during May, the lowest approval rate tracked by the company dating back to 2014, when the […] [Read More]

Evidently vehicle shoppers in the U.S. will pay a much higher sum for advanced technology in their next new model than their counterparts in places such as Canada, Germany, the United Kingdom and China. And IHS Markit suggested that automakers adjust their strategies accordingly. The firm released a new global survey on consumer preferences for […] [Read More]

As advocates say “hundreds of thousands” of drivers are behind the wheel of vehicles with defective airbags in places like Riverside County in California, multiple online media reports surfaced this week that the maker of those defective airbags — Takata — is expected to file for bankruptcy this month. The development didn’t necessarily surprise analysts […] [Read More]

In Episode 7 of the Auto Remarketing Podcast, Anil Goyal and Jared Kalfus of Black Book call in to talk with Joe and Nick about auto finance, the spring market in used-car values, the off-lease surge and more. Our interview with the pair of Black Book experts was on May 30.  Download and subscribe to the […] [Read More]

NextGear Capital and Ready Logistics have partnered to develop a transportation financing solution designed to help independent dealers free up cash flow and simplify their business operations, the two Cox Automotive brands recently announced. The new transportation financing solution allows clients of both brands to buy, floor and transport vehicles all in one transaction using a deferred […] [Read More]

The speculation that dealership showrooms and finance company underwriting offices would become desolate because consumers simply would abandon vehicle purchasing for alternative transportation options such as Uber and Lyft appears to be a little bit premature. Experts from Strategy Analytics acknowledged that OEMs are rightfully concerned about the impact the increased usage of these options […] [Read More]

White Clarke Group recently announced the appointment of David Slider as the new group executive vice president. With more than 30 years of leadership in the auto finance industry, Slider joins the White Clarke Group leadership team to champion global client development, execute strategic acquisitions and partnerships, and solidify the company’s global expansion into target […] [Read More]