Despite four factors that might make its confidence deteriorate, Kroll Bond Rating Agency (KBRA) said in a report released on Monday that it remains “comfortable” with auto loan ABS fundamentals. That assertion came within the firm’s newest structured finance research report titled, "U.S. Auto Market Update: Deconstructing Headline Loss Rates." Before making a trio of additional assertions, […] [Read More]

Paragon Honda and Paragon Acura announced last week they have expanded the group’s e-commerce sales and service platform to another borough of New York.   After a three-month beta test in Manhattan, Paragon Direct is now available in Queens. The platform allows consumers to schedule service, buy cars and set up test-drives online.   Brian […] [Read More]

Roadster said Monday it is now providing its white-label vehicle ecommerce solution to Longo Toyota, which is said to be the largest Toyota store in the world.  Longo, which is a part of the Penske Motor Group and Auto Remarketing's CPO Dealer of the Year in 2012,  joins a list of other well-known dealers and dealer […] [Read More]

Florida Fine Cars — among the top 100 independent dealers highlighted earlier this summer in Auto Remarketing — announced on Monday that the dealership will support two upcoming walk/run fundraisers to benefit St. Jude Children’s Research Hospital in an effort to help doctors find a cure for childhood cancers. The Memphis, Tenn.-based children’s hospital has […] [Read More]

Classic vehicle insurance provider Hagerty announced Monday it is stepping into the car-rental space with the company's latest acquisition of the peer-to-peer online marketplace for classic cars: Classics&Exotics. Hagerty has relaunched this marketplace, which is boasted as the Airbnb of vintage and exotic cars, as DriveShare by Hagerty. The peer-to-peer marketplace has connected American drivers with classic cars […] [Read More]

The auto industry enjoyed record sales in 2016, but a mid-year report from Urban Science shows that per-store sales are likely to slow in 2017. With dealers watching their profit margins, they may not be aware of a national development that could impact vehicle-transport costs. In 2015 the Federal Motor Carrier Safety Administration issued a mandate for all […] [Read More]

As Westlake Financial Services broadened its employee training program, the finance company also recently agreed to use Equifax’s dealer intelligence platform, TradeSight, to manage and monitor its dealer relationships. TradeSight can help finance companies analyze originations, current and future dealer partners and performance of the installment contracts booked through dealer partners. The tool works by […] [Read More]

FICO now has more than just a consumer credit score to offer auto finance companies during the origination process. Leveraging its deep analytic expertise coupled with advanced algorithms and the latest optimization technology, FICO recently highlighted its new automotive industry-specific loan origination solution can enable auto finance companies to evaluate millions of alternative offers instantly […] [Read More]

Scalability can be a challenge for any startup, and that certainly is evident in automotive, where the business of selling cars has a lot of moving parts — both metaphorically and within the vehicle itself. With $295 million in equity funding (as of mid-July), national vehicle delivery capabilities and a 2015 purchase that drove vehicle […] [Read More]

HomeNet Automotive recently announced that it has been approved by General Motors to join its in-Market Retail (iMR) Turnkey Vendor Program. Using their iMR funds, participating GM dealers can now receive co-op reimbursement for their purchase of HomeNet’s Inventory Online (IOL) Overdrive, the company said. “HomeNet is a proven leader in helping dealers save time […] [Read More]