Black Book and Autodata Solutions rolled out a development that’s aimed to save one of the most precious commodities — time. On Monday, Black Book announced that’s vehicle valuation data has been integrated with Autodata Solutions, powered by ChromeData, a leading provider of automotive technology solutions and data licensed to industry professionals. The two companies […] [Read More]

Analysts discovered some positive metrics when finalizing April data for the latest S&P Global Ratings report about the auto loan asset-backed securities (ABS) sector. S&P Global Ratings shared that subprime auto loan ABS losses improved month-over-month to 6.60% from 7.11%. However, analysts acknowledged they worsened from 6.43% year-over-year. “Although the month-to-month metrics remained stable or […] [Read More]

The National Independent Automobile Dealers Association’s says it awarded its newest Ring of Honor member because of his “commitment to independent dealers,” which “forged a relationship that has moved the used vehicle industry forward.” That newest Ring of Honor member is AutoZone director of strategic accounts and program development Kirk Brown, who is the 31st […] [Read More]

Paint imperfections. Brake and suspension noises. Engines not starting. The “check engine” light coming on early in the ownership experience. Those are some of the reasons that new-vehicle quality is flat for 2019 compared to 2018, according to the J.D. Power 2019 Initial Quality Study. That was just one finding of the study, which showed […] [Read More]

Auto industry members will have no trouble finding news about the shortage of automotive service technicians. AutoNation has also taken notice. The company knows that as vehicle technology advances at a rapid pace, automotive service techs have the opportunity for a strong career path. With all that in mind, AutoNation announced company plans to recruit […] [Read More]

The Automotive Intelligence Summit is a month away, and these eight companies are set to be honored as Cherokee Media Group hosts one of the fastest-growing events focused on fintech, digital retail, mobility and other elements of the auto tech evolution. This morning, Cherokee Media Group, leveraging guidance from the Auto Intel Council, released the […] [Read More]

Later this summer, a new chief financial officer will take his spot within the leadership team at FICO. FICO announced on Monday that the global analytics software company has appointed Michael McLaughlin as its new CFO. According to a news release, McLaughlin will start with the company on Aug. 3 McLaughlin replaces outgoing CFO Mike […] [Read More]

Auto defaults remained below the 1% mark in May, according to the latest information assembled by S&P Dow Jones Indices and Experian. Analysts noticed the May auto default reading dropped 7 basis points to settle at 0.87%. Auto defaults have declined 12 basis points since the beginning of the year. The May composite rate within […] [Read More]

Black Book recently rolled out its latest solution for auto finance professionals — Asset Verification Tool — which is designed to help protect finance companies, auction and dealers against vehicle misrepresentation by providing insight on vehicle trim and equipped options. By confirming the trim and options on a given vehicle, Black Book emphasized a finance […] [Read More]

During a wide-ranging and in-depth conversation with a group of reporters gathered at its headquarters, executives with Clutch Technologies played the part of myth-busters, sharing data and analysis they say helps dispel some of the misconceptions around vehicle subscriptions. Among those: that it is not a product for the mass market, that it would cannibalize vehicle […] [Read More]