Mike Darrow will become the president of ALG on Monday, as current president and TrueCar co-founder Mike Nguyen is leaving the company on Nov. 1. In a news release Friday morning, ALG — which is a subsidiary of TrueCar — said Nguyen will remain with the company as a strategic advisor until he leaves. Nguyen co-founded […] [Read More]

As plush as showrooms can be sometimes, consumers often do not want to spend hours finalizing vehicle delivery, so Chase and AutoFi are collaborating to help dealers. On Thursday, Chase announced a partnership with AutoFi, a financial technology company that helps customers select and finance vehicles through their dealers’ website and reduce the time it takes to […] [Read More]

This week, White Clarke Group highlighted that one of its tools is being leveraged by Toyota and Lexus Financial Services throughout the United Kingdom. The captives launched the new NGage system nationwide for instant, seamless and transparent customer finance quotations and agreements. White Clarke said that Toyota and Lexus dealers across the U.K. are making the […] [Read More]

Along with a trio of perspectives from the auction and dealer worlds, the Black Book Market Insights report looking at the first full week of activity in 2018 showed truck segments with larger depreciation than cars. Editors also determined only one vehicle group — subcompact luxury crossovers — maintained its value from the previous week. […] [Read More]

Demand for luxury models didn’t impact lease-transfer applications in December as much as the analyst team at Swapalease.com typically sees during the closing month of a year. Swapalease.com on Wednesday reported vehicle-lease credit applicants registered a 62.0 percent approval rate for December. The reading decreased slightly from November’s rate of 67.5 percent. Site analysts explained […] [Read More]

Consumers likely are not just shopping for their next vehicle with their mobile device. They’re probably going to be making installment contract payments with those devices, too, if they’re not doing so already. The Federal Reserve Bank of Boston recently released results of an elaborate study with multiple Federal Reserve Banks and other financial institutions […] [Read More]

In my more than 15 years in the auto industry, I’ve seen various ups and downs in the market as well as both wild optimism and doom and gloom. We’ve experienced record-breaking new-car sales the last few years, and as we dive deep into 2018, most dealers are optimistic that we’ll continue to enjoy strong […] [Read More]

Japanese brands produce the most models that owners keep for 15 years or longer, according to a new study by iSeeCars.com. The study found that 14 Japanese models and one German import are at least 1.6 times more likely than average to be kept by the original owners for 15 years or more. Toyota dominates […] [Read More]

Despite the safety and price concerns many U.S. consumers still have regarding autonomous vehicles, this year, far fewer people feel that autonomous cars will not be safe, according to the 2018 Deloitte Global Automotive Consumer Study. The study found that only 47 percent of U.S. consumers view autonomous cars as unsafe, compared to 74 percent […] [Read More]

AutoWeb, formerly Autobytel, on Monday announced the winners of the 2018 AutoWeb Buyer’s Choice Awards, which included mentions for nine different automakers. Leading the way with the most honors was Honda, which secured five wins for sedan, compact, hatchback, van and small SUV. Honda was also named winner for two overall awards for the Best […] [Read More]