With more data than ever to consider, the National Automotive Finance Association and the American Financial Services Association highlighted seven of the most important findings from this the 2018 Non-Prime Automotive Finance Survey. Released last week during the annual Non-Prime Auto Finance Conference, the NAF Association and AFSA collaborated with FICO, TransUnion, IHS Markit and […] [Read More]

Here is another development in the industry’s effort to help contract holders make their monthly payments in ways they prefer.  Payment technology and services provider BillingTree recently announced that auto dealer management specialists Car-Ware will integrate the myPayrazr solution suite into its software platform. The completed integration enables Car-Ware clients to utilize BillingTree merchant services […] [Read More]

Ken Garff Automotive Group now owns Utah’s former Henry Day Ford dealership, and further west Rairdon Automotive Group recently acquired a Honda store in Marysville, Wash., from the O'Brien Auto Group. Ken Garff Automotive announced Monday that the Day family is departing from the automotive business after 84-plus years. “We wholeheartedly welcome the Henry Day dealership, its […] [Read More]

TRADER Corp. said this week it has made a strategic investment in Montreal-based digital advertising services company DealerBreacher, a move TRADER said can help expand its reach in the province and build on its work with dealers there. “From a technology and local talent perspective, we look forward to combining our strengths to broaden our […] [Read More]

AutoMobility LA announced Thursday that it is now accepting submissions for its upcoming 2018 Top Ten Automotive Startups Competition, which will recognize startups empowered to make significant advancements regarding the mobility space this fall. This year, the company said that it has added an electrification solution category to honor companies in the EV and clean transportation […] [Read More]

In an effort to simplify the service loyalty programs provided by dealerships, Incentivefox announced Thursday that it has introduced a new program that rewards consumers for their loyalty to dealership service departments. The company's newest program, called Service Loyalty Rewards, is designed to help dealerships provide their customers with enhanced automated promotions and reminders, as well as […] [Read More]

Building upon its latest dealer management system integration, 5miles has augmented its buy/sell platform to accommodate additional dealer-driven features. A marketplace for local services and second-hand goods like cars, the 5miles mobile application connects neighboring buyers and sellers who want to transact. Almost a year after the unveiling of its dealer inventory integration, 5miles recently introduced […] [Read More]

Interest rates on new-car financing is at a near-decade high, and zero-percent deals are at a seven-year low, according to Edmunds — all while the average total amount and monthly payment on new-car finance packages has reached record levels, says Experian. In short, the new-car finance market has tightened up. “The dream of owning a […] [Read More]

According to confirmation from Fiat Chrysler Automobiles on Friday, how FCA dealers can finance inventory and their retail sales is going to change. The automaker announced it intends to establish a captive financial services arm to provide U.S. consumers with more options to finance vehicle purchases while supporting the company’s sales volumes and bolstering its earnings.   […] [Read More]

Manheim has deepened its relationship with Carvana. The auction company said Wednesday it added to the list of markets in which it is partnering with the online retailer. Carvana, which can buy and sell wholesale vehicles through Manheim’s online marketplaces, is now working with Manheim in 40 markets, part of a collaboration that has included […] [Read More]