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]

Fiserv bolstered its technology toolbox through an acquisition last week. The global provider of payments and financial services technology solutions announced the acquisition of Bypass Mobile, an independent software vendor (ISV) and innovator in enterprise point-of-sale systems. Officials explained the acquisition of Bypass will help power the next generation of omni-commerce capabilities from Fiserv, enabling […] [Read More]

Ally Financial is making sure Carvana has liquidity to keep its online vehicle retailing machine in motion no matter the challenges the coronavirus pandemic is presenting the industry. Late on Tuesday, Carvana announced a significant increase and extension of its current loan purchase program with Ally Financial, highlighting the deep relationship that has been built […] [Read More]

Just like the five industry associations asking the president for clarity on behalf of franchised dealerships, the National Independent Automobile Dealers Association on Tuesday also delivered a letter to the White House so stores not connected with an automaker can remain open, too. In a letter to President Donald Trump, NIADA chief executive officer Steve […] [Read More]

The American Recovery Association issued a message late Tuesday, acknowledging the immense problem the coronavirus pandemic is causing when it comes to collections and vehicle repossessions. As more states and municipalities issue stay-at-home orders, ARA has tried to get clarity from officials about how businesses involved with repossessions and recovery can function under these circumstances. […] [Read More]

KAR Global made another move late on Tuesday to help dealers navigate through the challenges of the coronavirus pandemic. Business unit Automotive Finance Corp. (AFC) immediately launched its customer relief program as eligible customers can choose to defer curtailment payments due through May 31 on eligible unsold units, including principal, fees and interest on those […] [Read More]