Experian’s Q4 2018 State of the Automotive Finance Market report showed that seven states closed this past year with 60-day delinquency rates of at least 1 percent. Overall, analysts pinpointed the 60-day delinquency rate at 0.78 percent in Q4, which represented an uptick of 3 basis points year-over-year. What Experian defines as finance companies — […] [Read More]

S&P Global Ratings has questions you might have, too. What is blockchain? And why does it elicit feelings of excitement and confusion simultaneously within the structured finance market? Analysts looked to answers those questions and more and arrived at more potential benefits than risks if blockchain gains a greater presence within the auto ABS market […] [Read More]

The Federal Trade Commission on Tuesday said it is seeking comment on proposed amendments to two rules that protect the privacy and security of customer information held by financial institutions. In separate notices to be published in the Federal Register shortly, the FTC announced that it is looking for comment on proposed changes to the […] [Read More]

Today’s vehicles have the potential to reach 200,000 miles. With the right maintenance and care, that is. The latest study from iSeeCars determined which models have the highest percentage of vehicles that reached 200,000 miles. For the study, iSeeCars.com analyzed more than 13.8 million pre-owned units sold in 2018 from model years 1981 through 2018. […] [Read More]

In addition to its long history of building vehicles, Hyundai has long supported the fight against pediatric cancer. Hyundai Hope on Wheels is a 501(c)(3) non-profit organization that works to find a cure for pediatric cancer, and the automaker says Hope on Wheels is one of the largest non-profit funders of pediatric cancer research in […] [Read More]

The announcements regarding Carvana’s growth just keep on coming. The e-commerce platform came out with the news in February that it opened in its 100th market— in Savannah, Ga. — as well as in five Northeast markets. Prior, in January, it announced it was launching in five New York markets and in Columbus, Ga. Carvana’s latest […] [Read More]

Cox Automotive said Tuesday it is integrating Lyft’s ride-sharing service into its Xtime fixed ops software platform, giving dealers a way to provide consumers a transportation option during service appointments. With the integration of Lyft into the Xtime platform, dealer customers can offer Lyft as a transportation option for service customers during appointment. Service advisers […] [Read More]

There’s a new player in the certified pre-owned vehicle space: Lamborghini. Automobili Lamborghini announced the launch of Selezione Lamborghini Certified Pre-Owned last week. It’s a global certification program for Lamborghini dealerships and service centers, and a company spokesperson confirmed it will be available in the U.S. The CPO program will be available at all 34 […] [Read More]

This week’s edition of Black Book Market Insights report offered analysis in four different places. Editors shared their assessments not only of the latest wholesale price trends and observations from the lanes, but they also touched on automakers’ recent decisions and what’s happening in the specialty markets. The newest report began with a prediction from […] [Read More]

More consolidation in the recovery space arrived late on Tuesday as Automotive Intelligence Council member MBSi Corp. increased its collection of resources. The provider of compliance-enabled repossession assignment management software and vendor management software announced the acquisition of My Recovery System and Vendor Transparency Solutions’ platforms. The company highlighted this acquisition allows MBSi to offer […] [Read More]