Analysts who compiled White Clarke Group’s United Kingdom Asset & Auto Finance Survey 2017 say that the U.K. finance market has been resilient in the face of historic changes in the past year, but challenges will remain in 2017 and beyond. The firm noted its survey points to a series of key factors that will […] [Read More]

ForeverCar said it understands vehicle service contracts remain important revenue generators for dealers. They provide useful safety and budget protection benefits for consumers that purchase them for new and used vehicles. The company acknowledged VSC closing rates average 35 percent to 40 percent, excluding lease and cash customers who don’t buy service contracts, and that’s a […] [Read More]

For companies and individuals struggling to keep up with the time-consuming demands of fleet management while trying to grow their business, Mike Albert Fleet Solutions rolled out what it’s calling the Mike Albert Advantage — a solution designed to function like a concierge service for fleet. Instead of having staff members serve as the main […] [Read More]

The American Financial Services Association, along with two other industry organizations, recently delivered an amicus brief involving a crucial debt collection case in front of the Supreme Court. As AFSA highlighted through its Newsbriefs, the U.S. Chamber of Commerce and the Financial Services Roundtable joined AFSA in arguing their points in a case where the […] [Read More]

Alternative credit information provider FactorTrust announced earlier this week the addition of United Auto Credit to its growing number of clients enlisting alternative credit data to help qualify and evaluate risk in their underwriting process. Executives explained trends in the non-prime automotive segment have financial service providers seeking ways to identify and interact with underbanked […] [Read More]

Earlier this week, NextGear Capital selected the Moody’s Analytics ABS System securitization issuance platform to enhance its efforts as a floor plan finance provider in the U.S. and Canada. The Moody’s Analytics ABS System can automate reporting and enhance internal controls for the administration of an issuer’s structure finance transactions. NextGear Capital plans to use […] [Read More]

KAR Auction Services announced on Wednesday that it has brought on Thomas Fisher to oversee the company’s information technology strategy, operations and activities as executive vice president and chief information officer. Fisher was most recently ‎senior vice president of cloud operations and general manager of Genesys, a global leader in customer experience platform solutions. Working […] [Read More]

On track to complete its five-year, $17 million investment in its four southern California auction locations in 2018, Manheim this week highlighted how dealers and commercial consignors are already benefitting from what the company says is a simpler, faster and easier client experience. Manheim emphasized that enhancements to its physical and digital properties at Manheim […] [Read More]

As online bidding evidently intensified, Black Book also noticed the price strength of cars continued last week. The latest Black Book Market Insights report showed that overall car values, when looking at volume-weighted data, appreciated slightly by 0.09 percent last week as opposed to the average weekly depreciation rate of 0.19 percent seen during the […] [Read More]

Group 1 Automotive on Monday announced the appointment of Daryl Kenningham to the new position of president of U.S. operations effective May 1. Currently, Kenningham serves as Group 1’s regional vice president of the dealer group’s Western region. In his new role, the company said Kenningham will be responsible for all of Group 1’s U.S. […] [Read More]