After reviewing first-quarter data connected with U.S. subprime auto loan asset-backed securities (ABS), S&P Global Ratings discovered cumulative net losses appear to have stabilized, albeit at “relatively high levels,” according to its newest report released on Tuesday. On a segment basis, S&P Global Ratings said its subprime auto loan static index (ALSI) is showing that […] [Read More]

Carsharing marketplace HyreCar appointed Jay Vijayan to its board of directors effective April 25. From 2012 to 2016, Vijayan was chief information officer for Tesla, and he is currently founder and chief executive officer of Tekion Corp., a Silicon Valley startup in the business applications and automotive retail experience sectors. Vijayan’s more than 20 years […] [Read More]

The National Auto Auction Association has launched a new website that it says will help job seekers connect with member auto auctions that have jobs to fill. The association said in a news release that AutoAuctionJobs.com is a free resource that provides information about careers in the industry and links to auction job listings. It […] [Read More]

Continuing its busy schedule of recent acquisitions and expansions of its existing auctions, Copart on Monday announced the opening of a new location in Fredericksburg, Va. The facility, located at 4717 Massaponax Church Road in Fredericksburg, will serve Copart customers from Washington D.C. and from Richmond and Charlottesville, Va. Copart Fredericksburg general manager Consuela Harrison […] [Read More]

Xcira is taking steps not only to improve functionality of its wholesale market platform, but online security for users, as well. On Monday, the company announced the launch of its new audio/video service associated with its Online Ringman simulcasting system. Xcira said this audio/video service will replace the now unsupported, and potentially insecure, Adobe Flash […] [Read More]

More accolades went Hudson Cook’s way as three members of its legal team collected honors from the 2019 Chambers USA Guide. Michael Benoit, Nikki Munro and Jean Noonan were recently ranked in the 2019 Chambers USA Guide for Financial Services Regulation: Consumer Finance (Compliance). The firm also mentioned Hudson Cook was ranked nationally in Band […] [Read More]

Officials from 700Credit, which provides credit reports, compliance solutions and soft-pull products and services, recently finalized another integration aimed at streamlining delivery to be as fast as the weekend toys that powersports dealers sell. AppOne integrated 700Credit’s credit and compliance platform within the AppOne Dealer Portal, which can connect dealers and finance companies to automate […] [Read More]

The data is in: Prospective car buyers’ love of technology continues. Technology adoption is especially high among one of the sector’s most valued segments: 66% of those in-market for a new car or truck in the next 12 months say they are interested in trying the latest technologies, according to public opinion and data company YouGov. […] [Read More]

While your used inventory probably doesn’t have any self-driving cars — yet — your store already might have models containing the latest safety features a large number of consumers surveyed by CarGurus want. Along with gauging interest in vehicles having features such as a rear-view camera or blind-spot monitoring, the company’s newest automotive consumer research […] [Read More]

In line with what Sonic Automotive says is its leadership team’s desire to build a culture of inclusion and opportunity for female leaders at all levels within the company, the auto retailer will host its inaugural women’s leadership forum on Sunday in Houston. The symposium, which is open to all Sonic Automotive and EchoPark Automotive […] [Read More]