When this summer began, Fitch Ratings projected “the summer months do not figure to be as kind for the sector,” as analysts discussed future performance of subprime auto loan ABS. The latest index results Fitch released on Thursday showed the firm’s inklings were correct as analysts indicated seasonably slow summer months are translating to “notable […] [Read More]

Scotiabank’s recently released Global Auto Report paints a rosy picture — one that pleasantly surprised analysts with the Toronto-based bank. “We came into the year expecting global purchases to advance by about 3 percent,” Carlos Gomes, senior economist and auto industry specialist at Scotiabank, told Auto Remarketing Canada. “Through July, what we’ve seen is they’ve […] [Read More]

Kijiji Canada, part of the eBay Classifieds Group, has hired Leanne Kripp to be head of sales, autos. In her new role, Kripp will help to identify business opportunities and partnerships that will support continued growth. Kripp joins Kijiji’s Toronto office following a period of over three years with a large autos classifieds business, where she […] [Read More]

According to TransUnion’s latest Industry Insights Report, 20 states registered a delinquency rate higher than what analysts pegged as the overall reading for the second quarter. Analysts found that in Q2 of this year the auto delinquency rate connected to contracts 60 or more days past due increased to 1.11 percent, an 11-basis point rise […] [Read More]

Depending on whom you ask, the New England Patriots remind folks of a car with a whiny belt or a Tesla. There were no questions about deflated tires in the annual NFL & Cars Survey from Swapalease.com, but one would have to think the Pats would dominate that category, too. As it stands, New England […] [Read More]

Along with an analysis about how ongoing macroeconomic trends are pointing toward positive fortunes for dealerships, the team at KeyBanc Capital Markets attributed an upbeat conversation with Cox Automotive chief economist Tom Webb coupled with the July findings of its monthly dealer survey for producing such a “bullish” outlook. Before delving into the takeaways from […] [Read More]

EFG Companies, together with Northwood University, launched the second annual F&I Innovator of the Year Competition this week. Held during the fall semester each year, this competition leverages the out-of-the box thinking of today’s Gen Z college students, coupled with F&I industry leaders’ insight, to boost the F&I industry’s focus on innovation. The annual F&I […] [Read More]

One of the noteworthy quotes from those old Bugs Bunny cartoons that involved Marvin the Martian included the phrase, “Well, back to the old drawing board.” That phrase also summarized the sentiment the American Bankers Association, the Consumer Bankers Association and the Financial Services Roundtable emphasized when they crafted and submitted a 42-page rebuttal for the […] [Read More]

An analysis by Vincentric LLC indicated that hybrids may be losing their competitive edge in the U.S. The company’s most recent U.S. Hybrid Analysis shows that seven of 29 hybrids it examined have lower total cost of ownership compared to their closest all-gasoline-powered counterpart. This represents a continued decrease in cost-effective hybrids, dropping from 44 […] [Read More]

Automotive Internet Media (AIM), which creates and manages websites for auto dealers, recently developed a one-stop dealership website for both auto shoppers who speak English and Spanish without leaving the main dealership site.  Translation services for websites might only swap out words, the company said, but the language is not written for the specific audience. […] [Read More]