During Used Car Week last month in Las Vegas, senior editor Joe Overby talks with Doug Hadden of ACV Auctions about his presentation on "The Digital Lane: More Opportunity in Less Time," his relatively new role with the company, the changing nature of wholesale automotive and more. To listen to this episode, click on the […] [Read More]

Hagerty describes itself as a membership, insurance and media organization for enthusiast vehicles and owners. In 2017, the company launched DriveShare, which it says is a peer-to-peer car-sharing service that allows people “the chance to drive cool and classic cars for any occasion.” The company, which says DriveShare is considered “the Airbnb of classic cars,” […] [Read More]

Group 1 Automotive has acquired what it says are the only Lexus franchises in the state of New Mexico. The company said it expects the two Lexus dealerships, located in Albuquerque and Santa Fe, to generate approximately $90 million in annualized revenues. Group 1, which owns and operates 186 automotive dealerships, 242 franchises, and 49 […] [Read More]

Many Canadian auto dealers are concerned about consumers becoming armed with more information, according to a report from Kijiji Autos. For dealers, are better-informed consumers good or bad for business? The answer could be both. The knowledgeable-consumer trend could have a negative impact on dealership profitability, but in the short term, more knowledgeable consumers can […] [Read More]

In promoting Chrissy Taylor to chief executive officer, Enterprise Holdings said that she will oversee its global strategy and operations. Taylor, who was previously president and chief operating officer, becomes the fourth chief executive officer in the company’s more-than-60-year history. She also represents the third generation of Taylor family chief executive officer leadership. Her father, […] [Read More]

Perhaps signaling locations where your collections department needs to tailor its focus, Experian pinpointed the top 10 states with the highest rates of 30-day delinquency after the third quarter. According to Experian’s Q3 2019 State of the Automotive Finance Market report, analysts found the overall 30-day delinquency rate remained nearly flat year-over-year, coming in at […] [Read More]

You buy a car after being told there had not been any smoking in the vehicle. You bring the car home, and then a day later … sniff, there it is. That, in a nutshell, was the experience that helped prompt NuVinAir chief executive officer and founder Kyle Bailey to start the company that provides […] [Read More]

On Wednesday, four leading executives from EFG Companies made their 2020 predictions and recommendations for the retail automotive and powersports F&I markets. With what they see as potentially another flat year on the horizon, the EFG leaders predicted that the biggest changes will revolve around process improvements to better compete with industry disruptors and capitalizing […] [Read More]

The Kroll Bond Rating Agency (KBRA) released its 2020 forecast for the automotive asset-backed securities, mentioning how a new participant might generate more activity in this arena. Analysts said in their report shared with SubPrime Auto Finance News this week that they expect auto-related ABS volumes to remain mostly flat next year, coming in at […] [Read More]

The National Association of Federally-Insured Credit Unions (NAFCU) recently developed a new white paper that outlines six essential principles for implementing a national data privacy standard as lawmakers – at both the federal and state level – consider new legislation regarding consumers’ data privacy. The rundown of those six principles includes: 1. A comprehensive national data […] [Read More]