During CU Direct’s Drive 19 Conference last month in Las Vegas, Nick shared a conversation with Credit Union National Association president and chief executive officer Jim Nussle. The CUNA leader and former member of Congress discussed how credit unions are serving their members and their need for auto financing by leveraging technology and more. The […] [Read More]

This week’s Black Book Market Insights report showed the days’ supply of new full-size pickups currently sits at a four-year high, well above 100 days. While editors are thinking automakers might push incentives to get those new trucks over the curb at franchised dealerships, Black Book isn’t seeing prices soften for full-size pickups moving down […] [Read More]

One of the most successful and well-known operations ever to operate in the buy-here, pay-here dealership segment is changing its name. According to a news release distributed on Tuesday, J.D. Byrider announced a major rebranding, officially changing its name to Byrider. The company highlighted the rebranding includes ongoing business model updates to reflect the company’s […] [Read More]

As the National Automotive Finance Association gears up for the “Fraud Friday” portion of its annual conference this week, federal prosecutors recently sentenced an Alabama man posing as an independent dealer to 63 months of imprisonment for bank fraud, mail fraud and drug charges as part of a scheme that cost auto finance companies nearly […] [Read More]

After launching as a pilot a year ago in Philadelphia and Nashville, Tenn., the Mercedes-Benz Collection vehicle subscription program is expanding to Atlanta, which is home to Mercedes-Benz USA. Additionally, the subscription program is adding the Premier tier in Nashville, the company said Monday. Mercedes-Benz Collection is a collaboration between MBUSA, Mercedes-Benz Financial Services USA […] [Read More]

Trust. It’s one of the most powerful human emotions, said global automotive marketing agency AMCI. “We are biologically wired to make our decisions based on trust,” the company said in a news release. But trust has been a challenge for the auto industry.  Building trust is important as OEMs and dealers deal with various factors such […] [Read More]

A recent Avis Car Rental survey of nationwide travelers shows that 87% will most likely mix business and leisure in the same trip. That blurring of lines between leisure and corporate travel expenses could include needs such as extending a corporate rental for a weekend vacation or upgrading a vehicle for a sunnier trip in […] [Read More]

“Empowering young adults to achieve their dreams in the face of financial adversity,” is the mission statement shown on the Hourglass Foundation’s website.  The Hourglass Foundation believes that great change can come from helping young adults, and “that everyone deserves the opportunity to achieve their dreams for their best life possible, through hard work and […] [Read More]

Edmunds determined average interest rates for both used-vehicle and new-vehicle financing dipped to their lowest levels of 2019 in May. Fueled in part by captives increasing the availability of zero percent financing, Edmunds found the annual percentage rate (APR) on new financed vehicles averaged 6.1% in May, compared to 6.27% in April. Edmunds previously indicated the […] [Read More]

ALS Resolvion, a leading provider of skip tracing and repossession management services, announced on Monday that the company has a new chief operating officer. Joining ALS Resolvion with more than 20 years of experience in loss mitigation, collections and back office operations, Scott Darling is now the company’s COO after previously serving as senior vice […] [Read More]