Financial

Next up on our series of shows from the Canada’s Used Car Week Podcast stage in June is a conversation with Colin Tran, vice president of corporate affairs at Trust Science. Tran and Cherokee Media Group senior editor Joe Overby talk about Trust Science’s role as a credit decisioning and borrower acquisition platform in the […] [Read More]

Stephens announced managing director Joe Mowery now will head the investment banking dealership practice, following 20 years as head of the department’s power and industrial technology group. The independent financial services firm said Mowery assumes the role from Matthew Marks, who was recently named Stephens’ head of investment banking. Stephens’ investment banking dealership practice provides […] [Read More]

Off-lease supply has slowed, but one company, in particular, is helping dealers with an alternative route to securing late-model vehicles: pre-ordering off-subscription vehicles ahead of time, before they even go to the retail consumer. Immanuel Klaiber is the head of remarketing, TCO and fleet at FINN, a vehicle subscription service. He joins the Auto Remarketing […] [Read More]

In this episode of the Auto Remarketing Podcast, Aaron Bickart, executive vice president and general manager of OfferLogix, joins the show to talk about eliminating the disconnect and confusion around the monthly car payment, how macro-economic and auto industry trends (like leasing and vehicle supply) impact his company’s work and much more. The full conversation […] [Read More]

A new TransUnion study found that the lease market was down almost half from 31% in January 2020 to 17% in July 2022, more than twice the decrease in auto financing over the same period.  The study also examined the behavior of 3.8 million consumers who terminated a lease between July 2021 and June 2022. […] [Read More]

Credit Union Leasing of America (CULA) president Ken Sopp and vice president of business development Mark Chandler not only reviewed the company’s record-breaking year, the executives tackled questions that’s perplexed experts for some time during this episode of the Auto Remarketing Podcast recorded during NADA Show 2023 in Dallas. Is now the time used-vehicle leasing […] [Read More]

Continuing an active end of the year within the commercial financing area, First Business Bank’s floorplan financing team this week announced the promotion of Spencer Brink to portfolio manager of floorplan financing. Brink joined First Business Bank in 2016 as a credit analyst intern, moving into a full-time credit analyst role after graduation from the […] [Read More]

More changes in connection with America’s Group came to light this week. A few days after the company announced Chuck Tapp would become CEO, another news release indicated XL Funding and Auction Credit Enterprises — two floorplan financing companies affiliated with America’s — have joined forces to operate as Axle Funding. The updated name follows the strategic combination of […] [Read More]

From the Golden State to the Sunshine State. Autonomy has added its first markets outside of California, announcing Tuesday that the electric vehicle subscription platform is now available in Southeast Florida. That includes Miami, Fort Lauderdale and West Palm Beach. Florida is second only to California in terms of EV population, the company said. “Expanding […] [Read More]

The numbers around new-car affordability (or lack thereof) are quite staggering. According to data from Cox Automotive and Moody’s, to buy a new car in September would have taken 42.2 weeks of median income. That’s up 9% year-over-year, Cox said in a Data Point report, also noting that auto finance interest rates were at their […] [Read More]