While delinquencies posted a “slight increase” during the second quarter, Jason Laky, senior vice president and automotive and consumer lending business leader for TransUnion, pinpointed the two drivers that brought more than 5 million additional consumers into the auto finance market in Q2. According to TransUnion’s latest Industry Insights Report released on Tuesday, the number […] [Read More]

Recently, the management at 700Credit, a provider of credit, compliance and prescreen products and services, announced a marketing  partnership with KISS Concepts Group, a nationwide dealer, auto finance company, master agency and consulting firm with agent footprints in 33 states. Executives explained this agreement will provide KISS Concepts Group clients seamless and secure access to credit […] [Read More]

Kansas City Independent Auto Auction (KCI Auto Auction) has earned the inaugural 2016 Western Auction of the Year Award from the National Auto Auction Association, which is celebrating National Auto Auction Week from Monday through Friday. Kansas City, Mo.-based KCI Auto Auction is one of four auctions from each of NAAA’s membership regions to win […] [Read More]

Louisiana’s 1st Choice Auto Auction (LFCAA) has earned the inaugural 2016 Southern Auction of the Year Award from the National Auto Auction Association, which is celebrating National Auto Auction Week through Friday.  Hammond, La.-based LFCAA is one of four auctions from each of NAAA’s membership regions to win the award, which offers excellence in community service. Each […] [Read More]

It used to be, in earlier days of ecommerce, that even buying clothes completely online could raise an eyebrow. The argument was, you can’t buy a shirt and a pair of shorts without trying them on first. “That sort of fell and now clothing is the biggest ecommerce category,” said Andy Moss, chief executive officer […] [Read More]

When consumers take on retail financing for their vehicle purchase, often they’re stretching out terms as long as possible to keep their payments affordable. Experian Automotive put the average new-vehicle contract length at 68 months, according to its first-quarter data. But when it comes to leasing, just the opposite term is sought by consumers. The […] [Read More]

In the latest installment of the annual Power 300 issue of Auto Remarketing, we go behind the scenes with some of the leading companies in the used-car space and their top executives with a few Q&A features. Next up in this series is  Bill Eager, vice president of the dealer business unit at Carfax.   Auto Remarketing: Carfax has broadened its […] [Read More]

United Road Services announced a couple of shifts in its senior leadership Tuesday. Kathleen McCann will continue in her role as chief executive officer, but will move from serving as president to becoming the chairman of United Road’s board of directors.   Mark Anderson is now president, while also keeping his existing role as chief […] [Read More]

As collectors and enthusiasts gather for the glitz and glamour of the Pebble Beach Tour d’Elegance as part of Monterey Car Week, Edmunds.com has revealed some interesting insights into the day-to-day vehicle choices of America’s wealthiest drivers. Turns out, most opt for practical over posh. According to an analysis of January-May 2016 vehicle registration data from […] [Read More]

Overall car values continue to face notably higher depreciation than trucks, according to this week’s Black Book Market Insights report. Volume weighted, overall car segment values for model years 2008-2014 decreased by 0.77 percent last week, which was significantly higher than the average depreciation rate of 0.48 percent seen in the previous four weeks. Luxury […] [Read More]