Casual observers might panic when they see TransUnion’s expectations for 2016 to close with a 7.0 percent year-over-year increase in the 60-day delinquency rate along with that reading set to approach the highest level in eight years by the time 2017 finishes. However, TransUnion’s Jason Laky is confident that finance companies and close watchers of […] [Read More]

EFG Companies and Northwood University on Wednesday announced the selection of Team Vigilance as the winner of the 2016 F&I Innovator of the Year Award competition and the recipient of $25,000. Competition orchestrators highlighted that Team Vigilance utilized its millennial mindset, ongoing dealership research and F&I mentor input to create “401Karrs.” The product can address millennial […] [Read More]

The U.S. Department of Transportation announced a proposed rule Tuesday that would require automakers include vehicle-to-vehicle communication on new vehicles. The DOT said in a news release that this Notice of Proposed Rulemaking, in short, is designed to foster V2V communication that would help prevent crashes by allowing cars to “talk” to each other. Full […] [Read More]

Lease penetration has reached an all-time high, and its impact goes beyond financial institutions, dealers and automakers. Exchange marketplaces like Swapalease.com have been affected by the rising popularity of leasing in recent years. Scot Hall, who is executive vice president for the Cincinnati-based lease exchange company, said demand at Swapalease will typically reflect the leasing […] [Read More]

As the year closes, it is time to look forward and plan for next year. Recent performance data for the subprime auto finance market indicates that better days are ahead for independent buy-here, pay-here operators who can capitalize on the opportunities. Recent data from Experian Automotive indicates that through the third quarter of 2016, “installment […] [Read More]

According to VinSolutions' CRM Usage Report, a study co-released by DealerKnows on Tuesday, the average dealer struggles to use their customer relationship management effectively in several key areas. The recent survey on the automotive industry's overall CRM usage and its impact on dealership performance showed that CRM usage is closely tied to overall dealership success. DealerKnows […] [Read More]

Comerica Bank explained why it continues to expect the Federal Reserve to increase the effective range of the Fed funds rate by 25 basis points on Wednesday. Analysts indicated the Fed funds futures market placed an implied probability of 97.2 percent on the event. “Fed officials have done nothing to counter the very strong market […] [Read More]

JMN Transportation’s Florida location in Orlando created a new position for a local transportation manager and on Tuesday announced the appointment of Evelyn Rodriquez to the post. The company said the expansion of business and along with a recent contract renewal led to the decision to establish the new role. “Evelyn comes to us with […] [Read More]

Under a new partnership between the two companies announced Tuesday, Hertz will use Shift’s online vehicle sales platform to sell its fleet vehicles directly to consumers. A pilot program was held in the Los Angeles and San Francisco areas. “It was just over two years ago we started helping Shift customers buy and sell their […] [Read More]

Car values are still depreciating at a faster rate than their truck values, but the gap has narrowed significantly in the past year, according to Black Book data.  From Dec. 1, 2014 to Dec. 1, 2015, car values depreciated 16.7 percent, versus 8.4 percent depreciation for trucks — a difference of more than 8 percentage […] [Read More]