Vehicles continue to improve in the area of dependability. That’s according to a new J.D. Power study. “But I wouldn’t say that everything is rosy,” Dave Sargent, vice president of global automotive at J.D. Power, said in a news release. At first glance, some of the study results appear pretty rosy. Overall dependability for 3-year-old […] [Read More]

Auto Financial Group, one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, enjoyed more client signings during the fourth quarter. During the quarter, AFG said it signed a total of seven new credit unions and six institutions agreed to join the AFG Balloon Lending Program. According to a […] [Read More]

Responding to what the company says is “increasing demands” for its business in North Carolina, online vehicle auction company Copart has opened a new 20-acre location in Mocksville, N.C. “I am glad we will be able to serve our buyers and sellers with added convenience and vehicle options, with this new location,” Jay Adair, chief […] [Read More]

After seeing the improvement of its first two 2018 dealership acquisitions in Western Canada, Foundation Automotive Group in Calgary is looking for rapid U.S. growth in 2019, with seven U.S. dealership acquisitions planned for the first quarter and nine planned after that for the second quarter. Foundation Automotive Corp., which describes itself as one of Canada’s […] [Read More]

With the auto finance default rate in December rising above 1 percent and new data showing more than 7 million people with a contract 90 days or more delinquent, it might be a busy year for repossessions and recoveries. To help agencies, Advantage GPS, a Procon Analytics company, formed a strategic partnership with the American […] [Read More]

A quartet of analysts took a deep look at the auto finance data after the Federal Reserve Bank of New York’s Center for Microeconomic Data released its Quarterly Report on household debt and credit on Tuesday. At first blush, it might look inflammatory that the New York Fed data fueled by Equifax showed that more […] [Read More]

A recent survey conducted by TD Bank showed treasury and finance professionals anticipate more operational challenges in 2019 than in previous years. And a separate analysis distributed by Frost & Sullivan highlighted that technologies such as machine learning, big data and blockchain will become prominent, especially as cybercrime becomes more sophisticated and even a method of […] [Read More]

Walser Automotive Group said it has hired Brad Schafer as vice president of fixed operations. Schafer will focus on all areas of service, business development center service, reconditioning, and parts. The automation, innovation, and streamlining of new technologies will be major areas of focus for Schafer. Schafer brings 25 years of experience, the last 12 with […] [Read More]

Auto dealers looking forward to increased traffic at tax refund season might be in for an unpleasant surprise this year. Last year’s tax reform legislation is part of the reason that early refund amounts are down from last year, according to a recent Autolist study. Also, younger buyers are less knowledgeable about the legislation, and […] [Read More]

If you’re the type of TV watcher who multi-screens, you may have noticed that Cars.com was particularly active on social media during the Super Bowl — responding to the commercials of everyone from Amazon Prime Video and WeatherTech to Burger King and Michelob Ultra. But the posts weren’t just random reactions. Rather, they were part of […] [Read More]