Ford Motor Credit Co. is extending payment allowances for customers affected by recent flooding in the Southeast. The company’s disaster relief program allows qualified customers to delay one or two monthly payments, then resume their regular payment schedules when their situations improve. “We care about our customers and want to help them, especially in times […] [Read More]

There were 3.48 million vehicles (up to 8 years of age) sold at auction in the first three quarters of the year, according to the latest Guidelines report from NADA Used Car Guide. That’s a 7-percent increase from 2015, and one group that has seen a particularly significant volume spike has been 2013 model-year vehicles. […] [Read More]

The word “process” may remind football fans of the likes of Nick Saban. As has been documented many times in the press, it’s laser-like focus on the minutiae, the exact task at hand. A piecemeal approach, if you will.   Five national championships for the Alabama coach are proof that strategy can work. For Garth […] [Read More]

With tailgating season in full swing on college campuses and near NFL stadiums, online retailer Vroom compiled a list of the best pickups for enjoying time with family and friends before kickoff. Vroom thinks football fans can have a great tailgate event with one of these seven options, whether the tailgating set-up is sparse or […] [Read More]

Swapalease.com reported that lease approvals rebounded in September, but year-to-date trends remain off from the pace analysts saw in 2015. The site indicated vehicle lease credit applicants registered a 64.7-percent approval rate for September — a notable increase from August's reading of 57.7 percent. A year ago the approvals rate reached 80.0 percent during September. Swapalease.com […] [Read More]

Western Funding, a specialized consumer finance company and subsidiary of Westlake Financial Services, this week named Garrett Weyrich as its new vice president of sales and marketing. Weyrich joins Western Funding with more than 17 years of auto finance experience. His background includes experience in indirect auto financing, bulk purchasing, floor plan financing and digital […] [Read More]

Both S&P Global Ratings and the American Bankers Association spotted rises in auto finance delinquencies in their recent reports, but Cox Automotive chief economist Tom Webb insisted this week that the “overall financing environment remains extremely favorable.” According to results from the ABA’s second-quarter Consumer Credit Delinquency Bulletin, both of its categories of auto financing […] [Read More]

NADA Used Car Guide’s seasonally adjusted used-vehicle price index fell by 1 percent in September, bringing it to its lowest level since March 2011, according to its latest Guidelines report.  Here’s what happened last month: Wholesale prices of vehicles up to 8 years old fell by 3.6 percent. While in line with predictions, it was the […] [Read More]

ServNet has a new member. Joining the independent auction group is Louisiana’s 1st Choice Auto Auction, which opened back in 2002.   “We welcome Louisiana’s 1st Choice Auto Auction as the newest member of the ServNet Auction group,” ServNet president Kevin Brown said in a news release.  “The auction is highly regarded in the industry, […] [Read More]

TrueCar has partnered with Hearst Autos to launch a new vehicle buying service through the latter's Car and Driver website. Visitors to CarandDriver.com looking for research, reviews, road tests and more will now have access to TrueCar’s new vehicle pricing information and nationwide network of more than 12,000 certified dealers. Car and Driver consumers can access the […] [Read More]