White Clarke Group cautioned auto finance companies that they will face “enormous” changes in the way they operate in 2016. Why? Analysts said this week that finance companies will see challenges that are driven by an explosion of innovation resulting from the emergence of new technologies and an exponential growth in FinTech start-ups. The White […] [Read More]

FactorTrust finalized a partnership with Equifax on Tuesday to provide its customers with an improved view of consumers’ ability to repay (ATR). Executives explained that the collaboration blends data from the alternative credit bureau with traditional credit data from one of the nation’s largest credit reporting agencies. As a result, the companies indicated finance companies […] [Read More]

GWC Warranty introduced a new, modern and refreshed version of its website this week aimed to help dealerships sell more vehicle service contracts and related finance and insurance products. Highlighted by a renewed design that is designed to be easy to navigate with helpful interactive content and intuitive contact tools, GWC Warranty explained its new […] [Read More]

ALG announced winners of its eighth annual Canadian Residual Value Awards on Wednesday with Subaru and Land Rover taking top honors for mainstream brand and premium brand, respectively. Analysts highlighted that Subaru repeated as the top-ranking marque among mainstream brands, claiming a total of three segment awards. The haul included the Subaru Outback, a perennial […] [Read More]

Shift Technologies has officially expanded and brought its services to consumers in the nation’s capital. The peer-to-peer online car marketplace announced Wednesday morning that its first East Coast hub has opened in Washington, D.C. The company said this move marks the beginning of its cross-country growth plans. It is also the first time greater D.C. residents […] [Read More]

Instamotor co-founder and former car salesman Val Gui had just about every job imaginable during his dealership days. “I sold cars on the floor, I did financing, I opened up new stores for the company, (business) development, and basically every job,”  Gui said. After his work with Victory Automotive Group, one of the biggest takeaways […] [Read More]

Although the automaker recently announced it was transitioning Scion to the Toyota brand and winding down production for its nameplate aimed at a younger demographic — in part because of underperformance — according to data analyzed by Swapalease.com, Scion vehicles have showed a better performance than some Toyota cars. At least in the lease-takeover space. […] [Read More]

The way Bruce Thompson sees it, the process of auto retailing hasn’t changed tremendously in the past 50 years, albeit one big exception: the Internet. But even within that massive change, there are some gaps the industry is still trying to fill. Put it this way: You can go on Amazon and buy just about […] [Read More]

With gas prices low, and many consumers turning toward larger vehicles, the compact and subcompact segments suffered some pretty significant depreciation in 2015. But as we approach tax season, the early spring period is bringing with it a strengthening in values for many of these segments. According to the latest Black Book Market Insights report, […] [Read More]

Most of the off-lease volume that makes its way to Asbury Automotive Group stores this year will end up as certified pre-owned vehicle inventory. “They’ll come mainly over a six-month period, and we look at that as an opportunity for us,” Asbury chief operating officer David Hult said during the retailer’s earnings conference call last week. […] [Read More]