This week, Kroll Bond Rating Agency (KBRA) released its auto loan indices for of January, highlighting that credit performance was mixed across securitized auto loan pools. Analysts noted that annualized net losses in KBRA’s Prime Auto Loan Index for January fell 1 basis point month-over-month to 0.69 percent, while 60-plus-day delinquencies rose 2 basis points […] [Read More]

Santander Consumer USA and Chrysler Capital are set to give away some valuable paper in hopes of getting more customers in their portfolios to adopt its paperless billing option. This month, Santander Consumer USA and Chrysler Capital rolled out a campaign where they are offering eligible customers who sign up for paperless statements as of […] [Read More]

When purchasing a vehicle, buyers would be wise to consider typical ownership costs to see the out-of-pocket expenses they will incur beyond the initial purchase price. Kelley Blue Book took that into account in naming its 2019 5-Year Cost to Own Award winners, recognizing new vehicles with the lowest projected ownership costs. Subaru and Lexus […] [Read More]

Certified pre-owned and compliance, created conversation; technology and technicians were trending topics and mobility matters — a lot. These things were borne out when well-respected movers and shakers in retail and wholesale automotive gathered here in November for Used Car Week. Here are snapshots of some of the panel discussions that took place during the […] [Read More]

Coming on the heels of a notable anniversary, Credit Union Leasing of America decided to refresh its look. On Wednesday, the provider of indirect vehicle leasing programs for credit unions, unveiled a new logo, website design and other brand elements all in an effort to reflect a modernized approach that emphasizes the benefits indirect vehicle leasing can […] [Read More]

Vehicles continue to improve in the area of dependability. That’s according to a new J.D. Power study. “But I wouldn’t say that everything is rosy,” Dave Sargent, vice president of global automotive at J.D. Power, said in a news release. At first glance, some of the study results appear pretty rosy. Overall dependability for 3-year-old […] [Read More]

Auto Financial Group, one of the nation’s leading sources of residual based financing and vehicle remarketing for financial institutions, enjoyed more client signings during the fourth quarter. During the quarter, AFG said it signed a total of seven new credit unions and six institutions agreed to join the AFG Balloon Lending Program. According to a […] [Read More]

Responding to what the company says is “increasing demands” for its business in North Carolina, online vehicle auction company Copart has opened a new 20-acre location in Mocksville, N.C. “I am glad we will be able to serve our buyers and sellers with added convenience and vehicle options, with this new location,” Jay Adair, chief […] [Read More]

After seeing the improvement of its first two 2018 dealership acquisitions in Western Canada, Foundation Automotive Group in Calgary is looking for rapid U.S. growth in 2019, with seven U.S. dealership acquisitions planned for the first quarter and nine planned after that for the second quarter. Foundation Automotive Corp., which describes itself as one of Canada’s […] [Read More]

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]