The automotive industry is no longer competing with itself for talent. Hireology co-founder and chief executive officer Adam Robinson says that in looking for new hires, auto dealers now compete with Amazon and that company’s $15-per-hour minimum wage. The auto industry competes with Jiffy Lube and the hospitality industry. And you might be surprised to […] [Read More]

Vehicles that retain a strong residual value offer an unmistakable benefit to automakers and consumers alike. Such models allow for a competitive cost of ownership and leasing advantage, with some being better values when it comes to leasing. One of the biggest factors in the total cost of a lease is the vehicle's residual value. […] [Read More]

One of the experts set to appear during the upcoming 23rd annual Non-Prime Auto Financing Conference hosted by the National Automotive Finance Association doesn’t have upbeat expectations of how the subprime auto finance space will perform. Portfolio performance is expected to deteriorate soon, according to a 360-degree market study released last week by Credit Chronometer, […] [Read More]

Along with rolling out a tool that’s designed to deliver precise damage exposure data from a tornadic event within minutes, CoreLogic on Wednesday launched a solution aimed at leveraging the capability of alternative credit data. The global property information, analytics and data-enabled solutions provider unveiled the new CoreLogic Teletrack platform, offering lenders and credit issuers […] [Read More]

Music. Movies. TV shows. And even … razors. The subscription economy has completely taken over. Customers now expect to pay a flat monthly fee for unlimited services. That expectation is moving into the automotive industry, according to Syncron, a provider of cloud-based after-sales services. The company said in a news release that because of those expectations, […] [Read More]

Digital automotive marketplace TrueCar appointed Noel Watson as executive vice president and chief financial officer, with responsibility for leading TrueCar’s financial operations, including accounting and investor relations. Watson, who spent the last 13 years with online travel platform TripAdvisor, will be based in Santa Monica, Calif. He will report to TrueCar president and chief executive […] [Read More]

Dealers likely set their sights on retailing used vehicles during Memorial Day weekend rather than being quite as active in securing more inventory from the lanes last week. The collection of data and observations included in Black Book’s latest Market Insights report offered a variety of evidence to indicate the wholesale landscape is transitioning from […] [Read More]

The latest vehicle sales forecast from J.D. Power and LMC Automotive shows a new-car market challenged by “rising inventories of unsold vehicles.” But some dealers are getting a shot in the arm from their used-car sales, which for franchised dealers have grown nearly 6% month-to-date, according to J.D. Power — though other analyses show mixed […] [Read More]

Now is the time for dealerships and finance companies to check their documents in connection with the Fair Credit Reporting Act. Just before Memorial Day weekend, the Federal Trade Commission approved publication of a Federal Register notice announcing the rescission of several model forms and disclosures under FCRA. Officials explained the Dodd-Frank Wall Street Reform […] [Read More]

KPA acquired Compli earlier this year, and now the provider of environmental health and safety (EHS), HR management and F&I compliance software and services has a new president and chief executive officer. According to a news release distributed on Wednesday, the company appointed Chris Fanning as president and CEO. Fanning succeeds Vane Clayton, who has […] [Read More]