In light of how collections are being impacted by the coronavirus pandemic, FICO is hosting a free webinar on Tuesday to help the financial services community. Set to be a part of the session are Leah Dempsey, vice president and senior counsel for federal advocacy at ACA International, and Daniel Nestel, senior director of government […] [Read More]

The COVID-19 pandemic is already impacting the used-vehicle retail market, with sales for March — usually the year’s strongest month for pre-owned — expected to fall dramatically. And some expect full-year used-car sales could be 9% to 34% lower than original projections, depending on how the crisis plays out. At Edmunds, analysts are forecasting 2.5 […] [Read More]

Hertz is looking to make sure medical personnel in one of the U.S. locations hardest hit by the coronavirus pandemic have reliable transportation. This week, Hertz started to provide free vehicle rentals to New York City healthcare workers via a program set to run through April 30. The company said healthcare workers can reserve a […] [Read More]

Saying it designed the new program to help consumers and dealers remotely navigate vehicle buying in response to COVID-19 social distancing guidelines, TrueCar has launched “Buy from Home” badging. As dealers start to provide more remote retailing services, the program identifies TrueCar Certified Dealers offering three features to consumers. Those three services from dealers badged with “Buy […] [Read More]

Saying that it is committed to providing the support dealers need to get the best results possible during the COVID-19 crisis, CarGurus is giving its U.S. customers 50% off of fees for listings and display services provided in April, and for Canadian customers, 50% off fees for listings services provided in April. In separate e-mails […] [Read More]

The Canadian Black Book analyst team released a comprehensive look at the country’s automotive wholesale and retail landscapes as auctions, dealers and finance companies all navigate the business challenges brought on by COVID-19. Analysts began their report by recapping last week’s auction activities at Manheim and ADESA that moved online without in-person bidding in the […] [Read More]

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]