Friday and Sunday marked dates for important victories gained by franchised dealerships who have been closely watching activities at the White House and how their businesses might be impacted. Before the weekend, President Trump delayed proposed auto tariffs on Europe and Japan for six months, drawing cheers from both the National Automobile Dealers Association (NADA) […] [Read More]

Used car buying and selling e-commerce platform Carvana is keeping up its busy launch schedule, now offering as-soon-as-next-day delivery in four Mid-Atlantic markets. Carvana announced on Wednesday it has launched in the Hagerstown, Md., Salisbury, Md., Charlottesville, Va., and Roanoke, Va., areas. Carvana now offers as-soon-as-next-day vehicle delivery in 129 markets across the United States. “Our […] [Read More]

Autotrader executive editor Brian Moody says all certified pre-owned vehicle programs are great. But some, he added, stand out from the crowd. In this case, he is referring to Hyundai and Lexus. Autotrader says Hyundai's CPO program is a clear leader in the non-luxury pack, mainly because of its 10-year or 100,000-mile powertrain warranty, the […] [Read More]

In another development related to the upcoming spinoff of Insurance Auto Auctions from KAR Auction Services, IAA Spinco Inc. — which will be renamed IAA — announced a proposed senior notes offering Monday morning. Specifically, IAA said in Monday's news release it intends on offering (subject to market conditions) an aggregate principal amount of $400 million […] [Read More]

Auto Financial Group (AFG) closed the first quarter by adding 11 new credit unions to the AFG Balloon Lending Program. AFG also increased the number of new customer signings in Q1 compared to every quarter in 2018. The company is looking to continue that momentum with more credit unions in its client portfolio, including: — Cinfed […] [Read More]

Concepts such as artificial intelligence (AI), machine learning, big data and blockchain are bandied about often during conferences, boardroom gatherings and other strategy sessions. But a research project from AvidXchange showed that business-to-business service providers still are grappling with what exactly these technologies are and how they can be used to improve operations. The payment […] [Read More]

The latest auto-finance information available from Equifax revealed trends that made the company give bullish projections of what the subprime slice of the market might be like for the rest of the year. Equifax’s auto-loan originations observations through January reported as of March indicated that 1.78 million contracts, totaling $41.3 billion, have been originated year-to-date. […] [Read More]

Dealer Owned Warranty Co. (DOWC). a provider and administrator of F&I products and services, recently partnered with the Allstate Corp. Like dealers, customers depend on the integrity of their vehicle service contracts and warranties. DOWC strives to ensure the successful administration of a dealer’s warranties and F&I products when customers need them the most. “Allstate […] [Read More]

A new method of automotive customer reviews will provide insights for vehicle manufacturers into how customers are talking about brands and their experiences with vehicles, sales and service. With this insight, manufacturers can identify areas for improvement, identify ways to attract and retain car buyers, and provide consumers with a trustworthy source for purchasing decisions. […] [Read More]

In his 10 years as president and chief executive officer with J.D. Power, Finbarr O’Neill helped lead the company through a time of expansion into data and analytics, as well as the integration of acquisitions such as the NADA Used Car Guide and the used car pricing consumer website, National Appraisal Guides. Now, with the […] [Read More]