While currently holding the top market share position in retail auto financing, Ally Financial said late on Monday that it will appoint a new independent director to its board of directors in a strongly worded announcement where the chairman described how executives “are frustrated with the market perception reflected in the price of Ally’s stock.” […] [Read More]

More often than not, when a consumer first sets out to start the car-shopping process, he or she has an open mind.  New. Used. All kinds of different makes and models. It’s all fair game at the beginning; you’ve got a chance to influence that shopper.  But you had better do it before he or […] [Read More]

On Monday, NCM Associates launched the latest software solution to be added the organization’s business intelligence division; a tool dubbed NCM LiveAudit. The company said the NCM LiveAudit payables monitoring solution, developed by Intelligent Dealer, is a cloud‐based application that can work seamlessly with dealership management systems to provide a whole new way to control […] [Read More]

A week after the start-up announced its chief executive officer, online vehicle-shopping website GoGoCar named its chief technology officer and board member on Monday. Bringing more than three decades of expertise in planning, developing and launching software companies both big and small to GoGoCar is Antony Satyadas, who the company hopes to help bring the […] [Read More]

Take a guess. Which vehicle had the largest share of the new-vehicle lease market in the fourth quarter? The answer: the Honda Civic, which comprised 3.2 percent of all new-car leases, according to an infographic shared by Experian Automotive. Next up was also a Honda: the Accord with a 2.6-percent share. Two Toyotas followed (Camry […] [Read More]

Naked Lime Marketing has officially launched in Canada, the U.S.-based auto dealer marketing company announced on Monday. Naked Lime will provide Canadian auto retailers with its Aptus Websites plus digital advertising, SEO, social media, and reputation management services. "Beginning last year, we started preparing for this launch by gathering insight from dealerships in Canada and working […] [Read More]

According to the February Equifax National Consumer Credit Trends Report, 2015 marked another strong year for the auto loan market as originations increased year-over-year, while the mix of loans across the entire credit spectrum held for the fourth year in a row. From January 2015 through November, analysts pegged 21.7 percent of all auto loans […] [Read More]

When Fitch Ratings reported recently that U.S. subprime auto ABS delinquencies ballooned to levels not seen in almost 20 years, the development sparked plenty of industry reaction. To clarify whether or not this market segment is in a profound tailspin, SubPrime Auto Finance News reached out to Equifax chief economist Amy Crews Cutts, who refuted […] [Read More]

TradeRev, a provider of a mobile vehicle appraisal and auctioning system for dealers, has launched an all-new version of its system and introduced TradeRev Pro. TradeRev president and co-founder Mark Endras said in Monday’s announcement: “The TradeRev team is always striving to achieve the next big thing in dealer-to-dealer technology. We constantly explore new technologies […] [Read More]

TrueCar has launched what it says is the first industry award to recognize pre-owned cars that hold their value the best after three years of ownership. In an exclusive with Auto Remarketing, the company shared the winners of the inaugural TrueCar Pre-Owned Value Awards, powered by ALG. TrueCar will present the awards to automakers this […] [Read More]