In a new report released on Monday, Moody’s Investors Service explained what likely might be happening in the war rooms at auto finance companies nowadays. Financing providers are increasingly faced with the choice of taking on greater risk by rolling negative equity at trade-in into the next vehicle loan. The credit rating agency believes finance […] [Read More]

Ally and TIME held a celebration event in Kentucky on Monday to honor the 2017 TIME Dealer of the Year winner — Carl Swope — a second-generation dealer who currently oversees six dealerships representing nine brands in Elizabethtown, Ky., and Radcliff, Ky. Swope was selected from a group of 49 nominees from across the country […] [Read More]

Roadster launched a new solution on Tuesday that, among other perks, will allow car-shoppers to start the trade-in process on their smartphones before they arrive at the dealership. Through Express Trade, dealers can also have more control over the pricing on trade-ins, the company said. In a phone interview last week, Roadster chief executive officer […] [Read More]

The National Safety Council teamed up with the University of Iowa to develop a virtual reality app that gives drivers a 360-degree tour of some of the latest driver assistance systems, so they have an understanding how the technologies work before going out on the road. CarTech VR360, the virtual reality mobile phone app, is part […] [Read More]

Here’s a statistic that might startle auctions and dealerships in the Golden State and beyond. Southern California leads the nation in fatalities caused by defective airbags, according to Airbag Recall: Southern California, a group that comprises community organizations, public interest groups, private companies, elected officials, faith communities and other concerned parties unified in the effort […] [Read More]

SGS’s Automotive Services group announced it recently brought on a national sales executive to join its sales team to lead the company’s off-lease, rental-return and non-traditional inspection services sales efforts. Chosen for the position is Scott Fornwalt, who most recently managed auctions in both the St. Louis and the Detroit areas, overseeing operations, sales, and […] [Read More]

Shared exclusively for SubPrime Auto Finance News, Experian Automotive determined the top 20 market holders of what analysts classify as finance companies — operations that do not hold consumer deposits and often specialize in originating subprime paper. Experian Automotive compiled this listing based on both used- and new-vehicle originations compiled during the fourth quarter. The […] [Read More]

Cox Automotive’s Tom Webb said earlier this year that buy-here, pay-here dealers were in a “better position.” Then a few weeks later, Ken Shilson with the National Alliance of Buy-Here, Pay-Here Dealers highlighted how “bad news could be good news for BHPH.” More upbeat assessments arrived on Monday as the latest installment of the National […] [Read More]

On Monday, automotiveMastermind announced that it recently brought on Scott McKenzie as vice president of operations and strategy and Fred Mather as chief commercial officer. McKenzie, who most recently served as associate director at JMI Equity, has been working closely with automotiveMastermind since a strategic growth investment in the company last year. Mather holds 25 […] [Read More]

Multi-touch attribution provider Clarivoy recently announced the launch of an industry-wide study that will examine the current state and usage of attribution within the retail automotive industry to better understand which marketing investments most effectively lead to vehicle sales. “While multi-touch attribution has been a big ‘buzzword’ lately, we think there is still a long way for […] [Read More]