A new study by LendingTree showed millennials in three Midwestern areas are seeking auto loans more often than their counterparts in any of the nation’s top 50 cities. Dealerships and their finance companies might be seeing more activity from consumers between 18 and 34 years of age percolating in Memphis, Tenn., Milwaukee and St. Louis, […] [Read More]

What’s happening with subprime auto ABS continues to be on the minds of investors, according to recent analysis from both Standard & Poor’s as well as Fitch Ratings. In fact, S&P Global Ratings released another report this week with what could be considered an ominous-sounding title: “Longer-Term Subprime Auto Loans Are Leading To More Back-Loaded […] [Read More]

EY, a provider of assurance, tax, transaction and advisory services, has announced that Autobytel president and CEO Jeff Coats is a finalist for its Entrepreneur Of The Year 2016 Award in Orange County, Calif. The awards program, in its 30th year, recognizes entrepreneurs who demonstrate excellence in areas such as innovation, financial performance and personal […] [Read More]

Canadian auto auctions are officially adopting the National Auto Auction Association’s uniform system of used-vehicle quality standards next month, NAAA said in a news release late Tuesday afternoon. Beginning June 1, Canadian auctions will implement NAAA’s National Certification Standards, meaning the association’s entire North American membership will have access to the program that NAAA launched […] [Read More]

Two automakers this week announced they had formed partnerships with popular ride-sharing providers. Toyota Financial Services announced a strategic investment in Uber that will allow Uber drivers to lease their vehicles through Toyota and cover their payments through their rideshare earnings. The Volkswagen Group, meanwhile, said it has made a $300 million investment Gett (formerly […] [Read More]

The laws governing car dealers and the auto industry can be, to put it mildly, complex. Marc Bonanni, the new associate general counsel at Beepi, would know. He has been an attorney in the auto industry for 32 years, holding counselor positions at places like Autobytel and Peugeot Motors of America. He has also worked […] [Read More]

While the latest Black Book Market Insights report showed relatively mild depreciation last week among the majority of car and truck segments, a handful of dealers across the country feel prices will hold relatively steady until July. As a dealer in Arizona shared with Black Book the sentiment about prices staying steady until about the […] [Read More]

ADESA has announced the launch of ADESA Windsor, its 14th full-service auction location in Canada. Formerly ADESA Kitchener’s satellite location in Tilbury, the newly renovated ADESA Windsor facility will serve southwestern Ontario and U.S. dealers, brokers, manufacturers and others. The facility features two lanes, a detail shop, mechanical shop, transportation services, post-sale inspections, conditions reports and […] [Read More]

RoadDealer.com, an online platform that gives dealerships the ability to buy, sell and trade aged and wholesale vehicles between stores, recently named former TrueCar and AutoNation exec Ben Shamsizadeh as executive vice president of dealer services. And after focusing its efforts in the Midwest, RoadDealer.com highlighted the addition of Shamsizadeh is propelling the company to […] [Read More]

When NADA Used Car Guide released its Guidelines report earlier this month, it predicted that May prices on used vehicles up to 8 years old would fall 2.8 percent to 3.3 percent relative to April, with prices for the majority of mainstream segments expected to fall by 3 percent or more. It was a forecast similar […] [Read More]