Monday, January 7, 2019 - 11:47am

Cheryl Miller, Dealertrack

Margin compression is here for the long haul. In 2019 and beyond, dealers will continue to face flattening new-vehicle sales and a growing affordability issue fueled in part by rising interest rates. What’s more, the Q3 2018 Cox Automotive Dealer Sentiment Index identified credit availability for consumers and... Read More

Wednesday, December 12, 2018 - 12:45pm

Joe Overby, Staff Writer

According to an international IBM study, about three-fifths of auto executives think blockchain will disrupt the car business by 2021, but the findings of the study also show that the industry might not yet be prepared. Still, next year could show some growth in blockchain usage in the auto industry, a business... Read More

Monday, December 10, 2018 - 10:25am

Bill Caan, CalAmp

If Benjamin Franklin worked in auto finance today, he might amend his famous quote about nothing being certain except death and taxes to include “and compliance.” Creditors and auto lenders must adhere to a dizzying array of federal and state requirements designed to defend consumers against predatory... Read More

Thursday, December 6, 2018 - 11:14am

Auto Fin Journal Staff

BMO Harris Bank announced this week that it is partnering with AutoGravity in an effort to streamline and simplify the vehicle-buying and financing process for consumers nationwide. AutoGravity can connect potential buyers with finance companies and dealerships to provide consumers with pre-qualified finance offers for... Read More

Thursday, December 6, 2018 - 11:12am

Auto Fin Journal Staff

Sagent Lending Technologies recently announced the appointment of Robert Johnson to the executive leadership team as VP and chief sales officer with the responsibility to lead sales and account management for the full suite of Sagent auto finance solutions. Johnson brings more than 25 years of automotive finance and... Read More

Wednesday, December 5, 2018 - 10:59am

Auto Fin Journal Staff

The list of companies that have joined Mobility Open Blockchain Initiative (MOBI) — a global consortium of industry leading automakers, technology-based startups and other mobility players — grew again on Wednesday. F&I solutions provider RouteOne is now part of MOBI, adding to the collection that... Read More

Monday, December 3, 2018 - 12:10pm

Auto Fin Journal Staff

Thanks to some zero-percent finance deals around the Thanksgiving holiday, the annual percentage rate on new-car financing decreased a bit from October to November, according to Edmunds. But the new-car APR is up more than a percentage point from November 2017 and nearly 2 points from where it was five years... Read More

Wednesday, November 28, 2018 - 10:52am

Auto Fin Journal Staff

SHIFTMobility is looking to leverage blockchain technology to bring together everything that’s happened to a vehicle into a single solution. With that goal in mind, the provider of blockchain powered connected shop solutions recently released a tool called Vehicle Passport. The company explained Vehicle... Read More