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]

Through the end of February, Audi is offering buyers all of its certified pre-owned models from 2013 to 2017 at 1.99-percent interest for up to 24 months. That is one of what Autotrader describes as the best CPO deals to help shoppers find and purchase a pre-owned vehicle this month. Autotrader notes that car buyers […] [Read More]

Perhaps winter isn’t quite finished yet in the auction lanes. This week’s Market Insights report from Black Book contained emphasis on the stabilization of retention heading into late winter as certain vehicle segments triggered noteworthy activity as dealers looked to shore up inventory for potential buyers using tax refunds toward a purchase. “With no early signs […] [Read More]

Haig Partners acted as the conduit for a pair of Texas Toyota stores to change ownership. The firm represented Jerry Durant on the sale of Durant Toyota of Weatherford, Texas, and Jerry Durant Toyota of Granbury, Texas to the Shottenkirk Automotive Group. Founded in 1964, Shottenkirk Auto Group has grown to 15 dealerships in five […] [Read More]

Updating one of the developments from this previous Auto Remarketing report, RumbleOn late on Tuesday afternoon announced the closing of its previously announced underwritten public offering of 1,276,500 shares of its Class B Common Stock at a price of $5.55 per share. The e-commerce company whose mission is to simplify how dealers and customers buy, […] [Read More]