Ford Motor Credit and ZestFinance recently announced the results of a study that measured the effectiveness of machine learning to better predict risk in auto financing and potentially expand auto financing for millennials and other Americans with limited credit histories. As a result of the study’s success, Ford Credit said it is developing plans to […] [Read More]

The chairman of the House Financial Services Committee wants a definitive answer to a question that both he and Consumer Bankers Association president and chief executive officer Richard Hunt have been asking for some time: Is Consumer Financial Protection Bureau director Richard Cordray departing the regulator to run for governor in Ohio? Rep. Jeb Hensarling, […] [Read More]

With August drawing to a close on Thursday, certified pre-owned sales results for the month should be rolling in sometime shortly after the Labor Day weekend, if not before. As a refresher, here’s how the CPO markets in both the U.S. and Canada have fared so far this year, starting with the U.S. American CPO […] [Read More]

Carvana is opening a car-vending machine in Raleigh, N.C., on Wednesday, its first on the East Coast and sixth overall. The five-story glass facility holds 18 cars and arrives less than two years after the online retailer began free delivery in the North Carolina capital. Carvana’s other vending machines are in Austin, Texas, Dallas, Houston, […] [Read More]

While the exchange rate climbed, Canada’s used-car prices moved downward in the first full month of summer. That’s according to RVI Group, whose Market Update for August indicated that the RVI Used Vehicle Price Index (Real) dipped 0.1 percent month-over-month in July and declined 0.3-percent year-over-year. Nominally, there was a 1.1-percent decline in used-car prices […] [Read More]

With now Tropical Storm Harvey taking at aim at Louisiana and other locations inland after dumping 49 inches of rain near Houston, experts from Cox Automotive and Edmunds are looking to project how much this natural disaster is going to impact vehicle sales. Meanwhile, the National Independent Automobile Dealers Association is organizing a fundraising effort […] [Read More]

I suspect most of us would like to throw a wrench at the next person who talks about needing to “think outside the box,” so I’m not going to be that person. However, at the risk of dodging airborne tools, I would like to talk about the need for dealers to “think outside the vertical” […] [Read More]

Donlen has released FleetWeb Intelligence Visualization Suite, its latest solution in fleet performance management. The tool can show intuitive charts and graphs that are designed to help fleet professionals improve productivity and reduce spending. With the new solution, a fleet professional can quickly view important trends that impact their fleet and identify a fleet’s challenges, […] [Read More]

Along with the perspective of an auction owner from the West Coast, the latest Black Book Market Insights report took a look at comparing the weekly retention strength of cars and trucks dating back to the beginning of the year. Editors found that cars have started to see larger depreciation since late spring after a […] [Read More]

While foreign-made vehicles continue to have the highest driver satisfaction, customer satisfaction with American vehicles remains strained, according to the American Customer Satisfaction Index (ACSI). “Overall, the gap between international and domestic manufacturers has widened because of the downturn for U.S. cars,” ACSI said in a news release announcing the findings of its ACSI Automobile […] [Read More]