In response to what it describes as growing demand from its customers for mobile sales, ADESA on Thursday named Matt Laughridge to the newly created position of general manager of ADESA Mobile Auctions. Also, the company promoted Sawyer Walker from regional to national manager of the company’s dealer-to-dealer sales program, ADESA UVA. ADESA said in […] [Read More]

Only once during the past 12 months has the auto finance default rate topped 1%. And the April reading remained steady on a sequential basis. This week, S&P Dow Jones Indices and Experian released data through April for the S&P/Experian Consumer Credit Default Indices. The April auto reading stayed at 0.94%, which is the same […] [Read More]

Century Motors of South Florida owner Frank Fuzy has bought about 30,000 cars during his 30 years in business. He said he has never bought a flood car. Fuzy says he has never bought a car that was later discovered to have flood damage because, as he says, “You’ve just got to be educated.” “If […] [Read More]

The 1,035 vehicle recalls reported in 2018 affected more than 35 million vehicles, and that number of recalls is an increase over last year, according to Selective Insurance Group, sourcing new data from the National Highway Traffic Safety Administration. Selective Insurance Group, also sourcing information from the Consumer Federation of America, said in a news […] [Read More]

Mandi Fang joins the show to talk about her new role as vice president and GM of Dealertrack DMS, which was recently named to the Women Tech Council’s 2019 Shatter List. Plus, Fang — a 2016 Women in Remarketing honoree — talks about her experiences working on a General Motors assembly line in college and […] [Read More]

Through a new strategic alliance between Cox Automotive Canada and BMW Group Financial Services Canada, the premium automotive brand will join the Dealertrack portal as a new client.  Cox Automotive says BMW Group Canada Retailers can now take advantage of Dealertrack’s network, integrations and functionality to provide what it describes as a streamlined buying experience […] [Read More]

No doubt, dealerships are gearing up for Memorial Day sales extravaganzas with the goal of rolling plenty of vehicles over the curb. TransUnion senior vice president and automotive business leader Brian Landau explained why used-car departments at franchised dealerships could be more active than their new-model showrooms as consumers take delivery of vehicles going into […] [Read More]

Dealers are looking for finance companies to be even more of an ally. Against a backdrop of declining auto sales in Canada, J.D. Power emphasized that dealers are expecting their lenders to go shoulder to shoulder with them in weathering the tightening market, and are looking for lenders to foster a dealer-lender relationship focusing on […] [Read More]

Hyundai Capital America is teaming up with mobility subscription tech provider flexdrive to help develop alternatives to traditional vehicle ownership. HCA and flexdrive are collaborating on several financing options to support vehicle subscriptions, not only giving consumers another option for vehicle usage, but dealers another option in their showrooms, too. Additionally, flexdrive has a partnership […] [Read More]

SubPrime Auto Finance News put Brian Landau on the spot a bit after TransUnion released its latest auto-finance data. The senior vice president and automotive business leader pondered the question about which of these milestones might happen first. Will the market surpass 100 million outstanding vehicle leases and installment contracts, or will the average auto […] [Read More]