Kroll Bond Rating Agency spotted typical season deterioration when analysts compiled their observations of the August auto loan indices based on performances in the auto asset backed securities (ABS) market. Analysts said in their report released this week that collateral performance in KBRA’s Non-Prime Auto Loan Index continued to “underperform.” For August, KBRA determined annualized […] [Read More]

There appeared to be a bit of a dichotomy in the wholesale vehicle market last month. The Manheim Used Vehicle Value Index reached a record high (141.3) and was up 1.2% year-over-year. Mix-, mileage- and seasonally adjusted, there was a 0.62% bump up in wholesale prices from July. But the comparison to last August is […] [Read More]

Many TV viewers know him as “Jaime” on the HBO series, “Game of Thrones.” But many of those fans might not know that Nikolaj Coster-Waldau travels the world as the United Nations Development Programme Goodwill Ambassador for climate change and other social issues. Now, Coster-Waldau is teaming up with electric vehicle and advanced mobility products […] [Read More]

As a new study from IBM describes it, you’re heading to work in your new vehicle. The vehicle wishes you a happy birthday and shows social media greetings from family and friends. The vehicle starts driving you to your destination while also checking your health vitals, checking your house to see if you left any […] [Read More]

Along with finalizing its lineup of keynote speakers for NADA Show 2020, the National Automobile Dealers Association is making its award-winning educational training programs more readily accessible to members and their staffs. NADA said its training offers, such as the Professional Series classes and Academy seminars, are now available to all dealership employees through the […] [Read More]

Mitsubishi Motors North America has appointed former AutoNation vice president, parts operations Scott Smith as vice president of aftersales. Smith brings more than 30 years of automotive experience to the role. Mitsubishi said Smith offers what it describes as “a rare portfolio of experience” on the manufacturer and dealer sides of the business. On the […] [Read More]

Hudson Cook welcomed its newest partner this week. The firm announced that attorney Mark Rooney has joined Hudson Cook as a partner in its Washington, D.C. office. His practice focuses on the defense of consumer litigation under the Fair Debt Collection Practices Act (FDCPA), Telephone Consumer Protection Act (TCPA), Fair Credit Reporting Act (FCRA) and […] [Read More]

The Canadian non-prime auto finance space is getting a jolt from a finance company that has grown its portfolio in that credit segment exponentially within the United States. Westlake Financial Services and Nowcom Corp. recently announced a strategic partnership with Axis Auto Finance, which enables Westlake to access the large and growing Canadian non-prime automotive […] [Read More]

It’s no longer just a hunch emanating from dealerships and finance companies that the Consumer Financial Protection Bureau and state attorneys general are working together. The CFPB made an official announcement to the fact on Tuesday. The bureau, working in partnership with multiple state regulators, launched the American Consumer Financial Innovation Network (ACFIN). It’s an […] [Read More]

With the threat of security breaches haunting companies large and small, Recovery Database Network (RDN) is taking steps to ensure its systems connected with repossessions and recoveries are safe. The division of KAR Auction Services announced it achieved the six components that go into Veracode Verified Team Status certification. Veracode Verified is a program that […] [Read More]