When a customer decides to lease a new vehicle, captive financing companies, national banks and credit unions can make the transaction easy and efficient. However, few buyers understand just how complex the financing process is. In particular, one of the most important calculations a finance company makes is determining the vehicle’s residual value in three […] [Read More]

The economy is strong, the automotive industry is doing well and the market for buying and selling dealerships this year promises to be brisk.  So predict dealership brokerage firm managers who helped facilitate over 200 dealership sales transactions last year.  While noting that the market ultimately dictates what’s going to happen, the managers also said […] [Read More]

Online used-car marketplace Shift has added a few new wrinkles to its offering, including digitally scheduled service and repairs and an avenue where customers throughout the country can buy vehicles directly online.  Shift, which in a news release Tuesday also announced new facilities in California, has launched a new direct online car-buying option, a pre-qualification […] [Read More]

TRADER Corp. says it has released a digital marketing analytics tool that it says draws a direct and verifiable line between consumer activity on the autoTRADER.ca online marketplace, and eventual vehicle sales in Canadian automotive dealerships. Called Match, the online-to-offline attribution tool links to actual sales as opposed to simply leads or click-throughs, which according […] [Read More]

ADESA president John Hammer says that although the majority of the company’s sales occur online and through its apps, its customers still experience a strong need for the facilities and services at its auction sites. “Promoting high-quality, internal candidates into leadership positions at our physical auction locations provides smooth transitions and sets the stage for […] [Read More]

Fintech isn’t limited just to Silicon Valley. TransUnion spotted fintech developments leaving impacts in the Oil Patch, MTA and Vancouver, too. A new study released this week by TransUnion explored the evolving trends around the fintech lender landscape in Canada, which can have an impact on how consumers secure auto financing and manage their other […] [Read More]

Fueled in part by resources from operations like Fraser McCombs Capital, an investment firm in the auto technology and mobility space, GuardKnox is in growth mode. Asserting itself as the automotive industry’s first global cybertech tier supplier of secure, service-oriented, and high-performance computing solutions, GuardKnox announced the opening of a new subsidiary — GuardKnox USA […] [Read More]

Earlier in its fiscal year, America’s Car-Mart began to make its credit application available online, so the chain of buy-here, pay-here stores could begin the underwriting process with potential buyers before they arrive at one its dealerships. After announcing operating results for the third quarter of fiscal year 2020, Car-Mart president and chief executive officer […] [Read More]

The latest TransUnion data gives crystal clear evidence to show just how much the auto-finance market has grown during the past three years. Analysts reported 2016 closed with 75.8 million contracts in portfolios. By the close of this past year, TransUnion discovered that figure of outstanding contracts grew to 83.8 million. When asked to offer […] [Read More]

Basketball star and “Inside the NBA” TV host Shaquille O'Neal surprised recipients from the Business Women Empowerment Project, or BWEP, with a recent donation of a 2020 Kia Sorento. BWEP, a non-profit organization focused on providing women with access to resources to explore and expand their businesses, plans to use the new car in conjunction […] [Read More]