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AutoCanada finished fiscal year with revenue up, used-car sales down
Thursday, Mar. 14, 2024, 10:52 AM
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Used EV prices fall 32% at retail, 15% in wholesale
Wednesday, Mar. 13, 2024, 04:54 PM
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New TD Auto Finance executive to focus on expansion in OEM sector in new sales, strategy position
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Premium Articles
Seasonal non-prime auto ABS deterioration surfaces in August
Thursday, Sep. 12, 2019, 02:50 PM
SubPrime Auto Finance News Staff
Kroll Bond Rating Agency spotted typical season deterioration when analysts compiled their observations of the August auto loan indices based on performances in the auto asset backed securities (ABS) market. Analysts said in their report released this week that collateral performance in KBRA’s Non-Prime Auto Loan Index continued to “underperform.” For August, KBRA determined annualized […] [Read More]
How wholesale vehicle prices behaved in August
Wednesday, Sep. 11, 2019, 08:34 PM
Auto Remarketing Staff
There appeared to be a bit of a dichotomy in the wholesale vehicle market last month. The Manheim Used Vehicle Value Index reached a record high (141.3) and was up 1.2% year-over-year. Mix-, mileage- and seasonally adjusted, there was a 0.62% bump up in wholesale prices from July. But the comparison to last August is […] [Read More]
A digital future where auto brand doesn’t matter?
Wednesday, Sep. 11, 2019, 07:09 PM
Auto Remarketing Staff
As a new study from IBM describes it, you’re heading to work in your new vehicle. The vehicle wishes you a happy birthday and shows social media greetings from family and friends. The vehicle starts driving you to your destination while also checking your health vitals, checking your house to see if you left any […] [Read More]
CFPB unveils network to collaborate with state AGs; 7 immediately join
Wednesday, Sep. 11, 2019, 03:47 PM
SubPrime Auto Finance News Staff
It’s no longer just a hunch emanating from dealerships and finance companies that the Consumer Financial Protection Bureau and state attorneys general are working together. The CFPB made an official announcement to the fact on Tuesday. The bureau, working in partnership with multiple state regulators, launched the American Consumer Financial Innovation Network (ACFIN). It’s an […] [Read More]
Lane watch: Luxury units present possible gross opportunity
Tuesday, Sep. 10, 2019, 07:12 PM
Auto Remarketing Staff
If your store can turn luxury cars quickly, your opportunity for decent gross might be at hand stemming from how wholesale prices for those high-line units are moving. The newest Black Book Market Insights report showed wholesale prices for luxury cars again softened at a much higher rate than the overall car reading. “Luxury-segment declines […] [Read More]
Owners keep these vehicles (mostly sports cars and SUVs) the longest
Monday, Sep. 9, 2019, 08:22 PM
Auto Remarketing Staff
The average new-car buyer holds on to his or her car for 8.4 years, according to a new study by car search engine iSeeCars.com. But for many other types of cars, such as sports cars, their owners are more likely to keep them longer, said iSeeCars chief executive officer Phong Ly. “Sports cars typically aren’t […] [Read More]
2 trucks among top 10 new models leased in Q2
Monday, Sep. 9, 2019, 07:26 PM
Auto Remarketing Staff
You might need sharp eyes to notice, but Experian spotted an extremely slight decline in the volume of new-vehicle leasing booked during the second quarter. Analysts also pinpointed the top 10 models generating the most leasing volume in Q2. And two of the vehicles can be seen pretty easily in a driveway or parking lot. […] [Read More]
Affordability impacts latest Black Book wholesale index, too
Thursday, Sep. 5, 2019, 04:21 PM
Auto Remarketing Staff
Experian’s latest quarterly data report again mentioned how consumer affordability is impacting auto-finance metrics. And consumer affordability also impacted Black Book’s Used Vehicle Retention Index for August. This week, analysts released their latest index reading, which showed that August posted a 1.4% lift on a sequential basis. The index came in at 116.6, up from […] [Read More]
Consumer bankruptcies continue on upward track in August
Thursday, Sep. 5, 2019, 03:40 PM
BHPH Report Staff
While the year-over-year comparison showed a decrease in consumer filings, the American Bankruptcy Institute (ABI) found that individuals seeking this financial protection climbed again in August. According to data provided by Epiq Systems, consumer bankruptcy filings rose on a sequential basis in August as there were 63,141 consumer filings. That figure is 4% percent higher […] [Read More]
3 findings from Synopsys and Ponemon study on security practices and challenges
Wednesday, Sep. 4, 2019, 03:52 PM
Auto Fin Journal Staff
A recent survey by Synopsys further reinforced the challenge the financial services industry is having with maintaining its cybersecurity and other matters related to fraud and the compromising on consumer data. Based on a survey of global financial services organizations conducted by Ponemon Institute, Synopsys’ report highlighted the industry’s security posture and its ability to […] [Read More]