There was a 1.2-percent year-over-year gain in global new-car sales in March, according to Scotiabank, but the goings-on in China, Latin America and elsewhere perhaps tell a more intriguing story. The aforementioned sales hike was driven by U.S. and emerging markets, which made up for a “temporary” slowdown in Western Europe, Scotiabank reported in its […] [Read More]

With perhaps a sign the spring market might be in its latter stage, a handful of car segments that have continued to increase in value, according to Black Book. The latest Black Book Market Insights report showed smaller car and sporty car segments demonstrated the strongest price performance last week. “Broad market strength was seen […] [Read More]

Wantalease.com spotted a monthly lease offer for a full-size pickup on par with compact cars and likely less than half of what a monthly payment attached to a retail installment sales contract might be. Going for just $169 per month, Wantalease.com noticed that consumers on its site can secure a Ram 1500 Crew Cab. That’s […] [Read More]

Executives with Group 1 Automotive have touted new efforts to capitalize on the higher mileage spectrum of the used-car market through the company's latest pre-owned car project: Val-U-Line, a proprietary brand for high-mileage pre-owned vehicles. It was in the first quarter that the company launched Val-U-Line, with the goal of growing it to represent 10 percent of the […] [Read More]

Ahead of the North American Repossessors Summit in April, the American Recovery Association also hosted its 54th annual convention where an array of topics associated with repossessions and recoveries were discussed by agents, finance companies and other service providers. “We have a lot of exciting things in the pipeline for our members,” ARA officials said. […] [Read More]

Finance companies are fighting a cyber-war against criminals who carry out millions of daily attacks in a bid to steal personal data and defraud businesses of millions of dollars. That is the stark message from data security expert Royce Curtin, managing director of global intelligence at Barclays, who warns finance companies that they must constantly […] [Read More]

Chase Auto Finance will continue to be a captive-like provider for a luxury brand. On Tuesday, Chase and Jaguar Land Rover North America announced the renewal of their private-label agreement, extending Chase’s role as the private-label finance provider for the manufacturer. For the last decade, Chase Auto has been the private-label finance provider for Jaguar […] [Read More]

New leadership officially took control of the Federal Trade Commission. Earlier this week, Joseph Simons was sworn in as chairman of the FTC. President Trump named Simons, a Republican, to a term on the commission that expires Sept. 25, 2024, and designated him as chairman. Simons was confirmed by the U.S. Senate on April 26. […] [Read More]

Add this to the blossoming list of providers in the car subscription market: one of the nation’s largest luxury car dealer groups. Park Place Dealerships launched a subscription service Tuesday, saying it is the first dealer group in Texas to do so. Park Place Select will include three tiers of subscriptions, based on the needs […] [Read More]

As several pieces of its inventory sit inside Manheim San Diego, Shift Technologies' has plans to utilize additional Manheim facilities in other West Coast markets by year-end. Just weeks after announcing that it will use Manheim facilities services to avoid the sizable overhead costs associated with retailing vehicles, Shift is looking forward to entering more markets with Manheim operations. […] [Read More]