Lending Club, which claims to be the world's largest online marketplace connecting borrowers and investors, this week announced the launch of an auto refinance product that is designed to give vehicle owners a simple solution to save money on their installment contracts. The product is being launched initially to California residents, with plans to expand […] [Read More]

The auto default reading S&P Dow Jones Indices and Experian reported for September tied the highest mark of the year, coming in at 1.05 percent. Ticking up 4 basis points on a sequential basis left the September reading at the same point analysts spotted back in February. To find a reading higher, you have to […] [Read More]

On Tuesday, Auto Financial Group — an online provider of innovative financing products for credit unions and banks — started to offer a vehicle leasing option in addition to its popular walk-away balloon loan program. The leasing option is available in nine states, with more states coming in the future. Dealerships can take advantage of […] [Read More]

DataMentors LLC, a provider of data-as-a-service (DaaS) and right time marketing, has launched an auto lease expiration data solution available through its Relevate Auto business line. Access to names and addresses of people whose auto leases are nearing expiration gives automotive marketers a unique data set to target consumers who may soon be in market […] [Read More]

In what one industry observer called “a massive step forward” for the OEM and what’s commonly known as “Dieselgate,” Volkswagen Group of America announced on Tuesday that Judge Charles Breyer of the U.S. District Court for the Northern District of California has granted final approval to the $10 billion settlement order agreement between Volkswagen and private […] [Read More]

Dealer Assist Now recently joined with the National Independent Automobile Dealers Association as its latest National Member Benefit partner, offering handwritten custom vehicle comments to the association’s independent and NIADA Certified Pre-Owned dealers. NIADA members who sign up for Dealer Assist Now can receive discounts on personal writers and self-service library access. Dealer Assist Now […] [Read More]

Calling it a “very competitive market” for car sales and margins, Asbury Automotive Group’s president and chief executive officer explained how the retailer achieved an earnings increase in the third quarter. "Despite a very competitive market for vehicle sales and margins, our strong parts and service customer pay performance combined with capital deployment enabled us […] [Read More]

Several auction sites throughout the U.S. had a tough week last week, according to Black Book’s weekly Market Insights report. A Black Book auction spotter in Texas bemoaned sluggish conditions in that market. “Even trucks were slow today, which is uncommon here,” he said. In Florida, a Black Book rep reported lots of no sales […] [Read More]

With just saying the last names of the presidential candidates often triggering intense reactions, Swapalease.com on Tuesday released results of its 2016 Election & Cars survey, revealing interesting findings that show the differences in how the two parties view aspects of the automotive industry. When it comes to how the election might impact how dealers […] [Read More]

Consumer Financial Protection Bureau director Richard Cordray generated attention on Monday, and this time it wasn’t connected with an enforcement action and millions of dollars in restitution and fines. Rather, Cordray shared some insight about an endeavor called Project Catalyst, a 4-year-old effort that contains some components that might pique the interest of the auto finance […] [Read More]