Along with reviewing some of its 2019 metrics connected with the subprime auto asset-backed securities market, Fitch Ratings shared the five factors that analysts anticipate to have an impact throughout the securitization market this year. Analysts described these five factors as a part of its latest report titled, Auto ABS Index: In the Auto ABS […] [Read More]

Two more Manheim locations are now 100% digital, the auction company announced Tuesday morning. Less than a year after Manheim Tucson became the first to use this format, the company has converted Manheim Flint and Manheim Houston to all digital. Through this format, cars are parked in designated spots and sold to buyers both physically […] [Read More]

Dealers certainly are a resilient bunch, but they understand the challenges they currently face as reflected in the Q1 2020 Cox Automotive Dealer Sentiment Index released on Monday. U.S. dealers’ view of the current automotive market remains negative and is mostly unchanged from the fourth quarter. However, dealers see improvements coming in the spring. According […] [Read More]

The fact that the auto industry is conditioning consumers to do most of their research and purchasing online is uncontested. What is debatable, however, is whether we are making it easy for this new behavior to be adopted. Nearly 100% of dealerships’ or OEMs’ marketing budget and strategy (both traditional and digital) is geared toward […] [Read More]

Used vehicles, dare it be said, have become somewhat sexy. In the not too distant past, used vehicles took a back seat to their more glamorous new-vehicle brethren. Often relegated to the far back lot, used vehicles were not the sale of choice for many dealers. Boy have times changed. Today, used vehicles aren’t simply […] [Read More]

When you think of a digital versus brick-and-mortar business model, consider Amazon and Walmart. While pieces of their operations may lean more heavily either direction, neither is completely physical nor completely digital. Peter Kelly, who is president of KAR Global, uses that analogy to illustrate the operations of the auto auction business. KAR is the […] [Read More]

Hyundai Motor America chief marketing officer Angela Zepeda says Hyundai understands that “building a better future starts with investing in the young women inventing it today.” That is evident as Hyundai introduced a new program to celebrate International Women’s Day. The Hyundai Women in STEM Scholarship seeks to help the next generation of women leaders […] [Read More]

Unfortunately, we have not yet made it to the era of “The Jetsons.” Forty-three percent of millennials believed we would be traveling in flying cars by now, according to new research by Cars.com. But 87% of millennial respondents to the research believe car ownership is important. And those famously commitment-phobic millennials are twice as likely […] [Read More]

The U.S. Patent and Trademark Office recently granted a patent to KPMG for a blockchain-based method that can improve the selection, curation and management of data used to train machine learning and artificial intelligence (AI) models. The company highlighted KPMG’s new patent — U.S. Patent No. 10,528,890 — demonstrates how blockchain can be used to […] [Read More]

Officials from 700Credit recently finalized another alliance to make their credit reports, compliance solutions and consumer pre-qualification products available to more dealerships. The latest relationship is with Advent Resources, which offers Advent DMS, a cloud-based platform for dealers. The companies noted this new 700Credit integration can provide dealerships with seamless access to 700Credit’s credit report […] [Read More]