On Monday, Pearl Technology Holdings announced the launch of Proximity, its new geo-fencing program, which allows its auto dealers to target their competitors’ customers by delivering real-time offers to the customer’s mobile device. “Nothing is better or more precisely targeted than delivering a compelling marketing campaign while the customer is at a competitor and in the […] [Read More]

We’re beginning 2017 by engaging the industry again with one of our most successful projects — The CEO Issue. In an ongoing effort to recognize the chief executive officers who are flourishing in today’s competitive marketplace, SubPrime Auto Finance News is asking the industry to nominate the CEOs of subprime auto finance companies and their […] [Read More]

Jim Hallett, KAR Auction Services chairman and chief executive officer gave a keynote address during the Fleet Europe Remarketing Forum in Barcelona on Nov. 15.  “The European auto remarketing industry is rapidly evolving. Economic trends, shifting demographics and rising customer expectations are accelerating change – and opportunity for new entrants and disruptors,” said Hallett in comments […] [Read More]

There have been 3.84 million auction sales of vehicles age 8 or younger so far this year (through Oct. 24), according to NADA Used Car Guide. This is a 7-percent hike from the same period of 2015, and the gain for late-model volume is even stronger. The company said in its latest Guidelines report that […] [Read More]

CarGurus conducted a survey of more than 1,000 U.S. consumers to gather their opinions around how the recent presidential election will impact the automotive industry and their plans to buy a vehicle. Overall, survey findings showed many expect both vehicle and gas prices to increase, and even more expect to see fewer government incentives for […] [Read More]

The Federal Communications Commission Enforcement Bureau and the Canadian Radio-Television and Telecommunications Commission recently finalized a formal agreement, committing the two agencies to work together to combat what they deem to be unlawful robocalls. Officials explained the Memorandum of Understanding represents the FCC’s commitment to working cooperatively with international regulators to combat robocalls and caller […] [Read More]

There are more vehicles on U.S. roads today than ever before. And later-model vehicles should have nice lift in volume over the next few years, according to a report from IHS Markit. The analysis indicates that there are more than 264 million registrations for light vehicles in operation in the U.S. Not only is this […] [Read More]

Alternative credit information provider FactorTrust recently added National Auto Lenders as a new customer to enhance the auto finance company’s underwriting process. Both FactorTrust and NAL insisted non-prime auto financing has seen a steady increase in recent years due to growth in the number of non-prime customers, a willingness to take on more risk and […] [Read More]

As part of its continued national expansion and in response to demand from credit unions, Motor Vehicle Software Corp. (MVSC) introduced its proprietary Vitu Lending solution to the California and Nevada Credit Union League. MVSC explained Vitu’s solution can offer “unprecedented” security and accuracy, expediting all elements of the vehicle titling process for credit union […] [Read More]

The National Insurance Crime Bureau released new data on Wednesday that shows the total number of vehicle thefts reported during holidays last year. Holiday vehicle thieves in 2015 were their busiest on Halloween, 2,238 vehicle thefts were reported according to NICB's 2015 Annual Holiday Vehicle Theft Report. New Year's Eve day saw 2,227 vehicle thefts. Though […] [Read More]