U.S. consumers are going online in droves to acquire everything from nail polish to holiday knickknacks. Their propensity to do the same to secure auto financing isn’t quite at the same level, according to a global consumer survey on automotive finance experience released on Thursday by FICO. Silicon Valley analytic software firm FICO on Thursday […] [Read More]

Earlier this month, Black Book and Fitch Ratings released their latest collaborate project analyzing vehicle depreciation trends, as well as how the auto ABS market might behave. Now, both of those companies are completely under the same corporate umbrella. Hearst announced on Thursday that it has purchased from Fimalac S.A. an additional 20 percent interest in […] [Read More]

Canadian dealers can now leverage the CARPROOF brand in a fresh way via a new trade-in value lead generation tool that is designed to integrate seamlessly into dealership websites. CARPROOF announced Wednesday the launch of True Trade, a widget built for dealer websites that can equip visiting consumers with accurate trade-in values, as well as […] [Read More]

The latest research endeavor by Silicon Valley analytic software firm FICO showed a vast majority of Canadian consumers is much more likely to have confirmation the vehicle they found online has four-wheel drive before they have the financing available to make the purchase. On Thursday, FICO announced the findings of its first global survey on […] [Read More]

A liquidity crisis? You won’t find that in the pre-owned car market. “There’s 40 million used cars sold annually in the United States, 150 million globally,” said Scott Painter, chief executive officer of Fair. “There’s no liquidity crisis in the used-car market,” Painter said. “The lifeblood of the modern car dealership is the opportunity to buy […] [Read More]

Edmunds has launched a digital retail pilot that lets the car shopper complete a lease deal online, through a dealership. The Santa Monica, Calif.-based company started the leasing pilot in Los Angeles with local dealers there and has opened the platform throughout California, leaders with the company told Auto Remarketing during an interview at the […] [Read More]

Cox Automotive has announced it brought aboard a former general counsel with the Coca-Cola organization to serve as senior vice president and general counsel, effective Monday. Angus Haig, who spent almost two decades with Coca-Cola, brings considerable global legal and business experience, having lived and worked in the Asia Pacific region, Europe, Eurasia, the Middle East and the United States. He most […] [Read More]

The relationship connecting the National Independent Automobile Dealers Association and KAR Auction Services is now even stronger. On Wednesday, NIADA named Automotive Finance Corp. and TradeRev as Diamond-level National Corporate Partners — the association’s highest level of corporate affiliation. AFC provides independent vehicle dealers a portfolio of trusted, flexible inventory financing and business solutions from […] [Read More]

The competition dealerships are facing to retail vehicles to consumers in two of California’s largest cities is becoming even more complicated thanks to a mobile startup looking to connect people who want to share their cars. About a year after landing more than $40 million in capital, Getaround, the platform that founders said can empower users […] [Read More]

Reviver Auto now has plans to roll out its Rplate digital license plate in Dubai, the company announced Thursday.   This follows news from last month that the company has partnered with Pendragon North America, which will sell the Rplate Pro to California consumers as a dealer partner. Reviver Auto said that it is now working […] [Read More]