With the first full month of the year in the books, Autotrader on Wednesday named the 10 must-shop certified pre-owned mass market and luxury vehicles for 2018. To make the list, vehicles needed to fit a budget not surpassing $40,000 for the non-luxury cars and $65,000 for luxury models. “This list of ‘good as new’ models […] [Read More]

The decision has arrived. The current structure of the Consumer Financial Protection Bureau is constitutional, according to the latest federal court action. On Wednesday, the en banc review by the D.C. Circuit Court of Appeals surfaced, and the majority opinion declared that the CFPB structure can stand. This case stems from a $109 million penalty […] [Read More]

For this episode, we get back to basics — as in the fundamentals of auto-finance underwriting that include credit, character, capacity and collateral. In light of a changing market impacted by sales trends and technology, Brett Collett, who is strategic automotive consultant for Equifax, shared a conversation with Nick about how these four basics remain vital […] [Read More]

Carvana announced Wednesday that it has added two more North Carolina markets, since launching in both Charlotte and Raleigh last year. Greensboro and Winston-Salem-area residents can now shop Carvana’s more than 9,000 vehicles and schedule as-soon-as-next-day vehicle delivery, according to the company. “We received a warm welcome in Charlotte and Raleigh, so we were eager to […] [Read More]

The proliferation of smartphones and potential buyers seeking financing at places nowhere near dealerships are combining to drive more investment into mobile platforms. The latest development came on Wednesday as Santander Consumer USA announced that it will invest and work with AutoFi with the intention to streamline and simplify the vehicle-buying process for consumers, while […] [Read More]

It would seem automotive financing and retail activity is not immune to unscrupulous behavior, especially activity that originates online. Experian discovered six out of every 10 businesses are experiencing the same or more fraudulent losses online compared with a year ago. According to Experian’s "Global Fraud and Identity Report," analysts found that fraud trends and patterns […] [Read More]

Here’s another example of data and research leading directly to development of a solution aimed at smoothing out underwriting, which in turn helps finance companies book more paper and dealerships turn more metal. Dealer Marketing Services, the makers of ProMax, recently released what the company dubbed Multi-Bureau Solution for its dealer customers. ProMax explained the Multi-Bureau […] [Read More]

For the second time this month, LAUNCHER.SOLUTIONS has reached another strategic partnership. On Tuesday, LAUNCHER.SOLUTIONS, a technology provider specializing in subprime automotive finance originations, announced an integration with Dealertrack. The partnership allows finance companies using LAUNCHER to streamline the process of indirect auto financing with dealers on Dealertrack’s network. Launcher's appTRAKER Loan Origination System, uniquely […] [Read More]

Add another foreign OEM’s captive to the list of finance companies now available through AutoGravity. Nissan Motor Acceptance Corp. (NMAC) announced on Tuesday it is joining AutoGravity to help consumers looking to acquire Nissan with personalized retail and lease preapproval offers through digital credit shopping on their smartphones. Through this collaboration, OEM officials indicated consumers […] [Read More]

Black Book’s latest wholesale price data and anecdotes from the lanes offered vivid details about what’s happening when clean trucks and SUVs roll over the block. This week’s Black Book Market Insights report also indicated overall values are holding up well as the industry approaches the spring selling season. “Lower mileage trucks and SUVs continue […] [Read More]