Along with scheduling a conference call to offer more details of the current state of business, KAR Global on Thursday morning outlined five adjustments the company has already made stemming from the coronavirus pandemic. “The coronavirus pandemic continues to impact our company, industry and markets around the globe,” KAR Global chairman and chief executive officer Jim […] [Read More]

While auto-finance providers communicate with their customers impacted by the coronavirus pandemic, six different federal regulatory agencies encouraged institutions to work constructively with borrowers affected by COVID-19 while providing additional information regarding loan modifications. Meanwhile, Hudson Cook partner Anastasia Caton shared exclusive insight with SubPrime Auto Finance News about what those recommendations and upcoming actions […] [Read More]

After its recent acquisition of Diamond Kote and its chemical manufacturing operation, WGI Manufacturing, iA Dealer Services has retooled its chemical production capabilities and worked with its chemist to produce what it says is a high-quality hand sanitizer. The company says it is committed to its dealership partners in Canada during the COVID-19 crisis and […] [Read More]

Vehicle subscription app Fair has introduced a free delivery option in response to social-distancing measures from the COVID-19 pandemic. With that option, which Fair said is an effort to “flatten the curve of COVID-19’s spread,” customers can order, sign for and receive their car without leaving their home. Fair said customers using that option can […] [Read More]

Kevin Filan, vice president of marketing at Cox Automotive Inventory Solutions, joins the Auto Remarketing Podcast. He and Auto Remarketing's Joe Overby discuss some of the relief measures the company is making to help dealers as they deal with the fallout from COVID-19 and the transitions Cox Automotive has made. Plus, they review how dealers can […] [Read More]

Coming off consumer-connected improvements in February, analysts at Swapalease.com and Wantalease.com shared their latest findings for approvals for vehicle-lease transfer applications as well as the most favorable leasing deals currently available. The sites reported this week that several brands offered significant discounts on midsize cars and SUVs, likely a result of falling sales due to […] [Read More]

Like other small businesses across the United States, auto dealerships are mobilizing and adapting to a changing consumer landscape, said Jessica Stafford, senior vice president and general manager for Autotrader and Kelley Blue Book. “Autotrader’s new Dealer Home Services tools aren’t a radical departure for most dealerships but rather an expediting of products, services and […] [Read More]

Announcing its response in support of dealers during the COVID-19 pandemic, Cars.com said it is offering “a robust program” of immediate dealer incentives and digital services to help drive dealer profitability, service capabilities and sales. Cars.com says it is targeting those capabilities to a growing segment of consumers who want more digital car-shopping options such […] [Read More]

In light of the marketplace nowadays being filled with as much uncertainty since the financial crisis of 12 years ago, a new survey published recently by S&P Global Market Intelligence examined how portfolio management processes have been evolving to account for environmental, social and governance factors (ESG). S&P Global Market Intelligence indicated ESG investing is […] [Read More]

The coronavirus pandemic has forced more consumers to shop online and dealers and fintech firms to polish their digital retailing endeavors. And fraudsters are sharpening their deceptive tools, too. On Tuesday, TransUnion released new research that quantifies the spike in digital commerce since social distancing became widespread globally. The company found a 23% increase in […] [Read More]