Like Equifax, KeyBanc Capital Markets also noticed the recent Fitch Ratings report about U.S. subprime auto ABS delinquencies jumping to levels not seen in almost 20 years. To gather more perspective on the development, KeyBanc used its February dealer survey to obtain the viewpoints of dealerships. Contrary to investor concerns, KeyBanc reported that financing availability […] [Read More]

Clarity Services is also part of the parade of data and analysis providers rolling out solutions developed specifically for the auto finance industry. Through its research, Clarity highlighted that it gained “tremendous” insight into non-prime consumer behavior and how finance companies should address many different aspects of consumer risk, including applicants’ stability, as well as […] [Read More]

Carvana has launched in its 11th market and its second one in Florida in three weeks. The online car retailer said Tuesday it has expanded to Jacksonville, Fla. With the new market, Carvana has the capability to provide free delivery to 9.3 million customers nationwide. Included in that is the more than 800,000 people in this […] [Read More]

Twelve weeks into 2016, it appears a few truck segments a picking up the pace when it comes to depreciation. That’s according to the latest weekly edition of the Black Book Market Insights report, part of which looked back at the used-car price movements in opening quarter of the year. In a departure from what has […] [Read More]

Data-mining and sales-generation platform AutoAlert expanded into the United Kingdom alongside a partnership with Manchester-based ASE Global.  The company highlighted on Tuesday that AutoAlert’s entrance into the U.K. market leads the way for continued growth opportunities and is supported by ongoing product innovation and enhanced consumer solutions. AutoAlert said it is focused on creating and […] [Read More]

The former vice president of product for Chrome on Tuesday joined Vast, a big data-as-service platform. Taking on the role as vice president of data products and being charged with further developing and extending Vast’s product offerings for automotive brands and for dealers is Andrew Lumsden. “Our focus at Vast is data and analytics and […] [Read More]

Cox Automotive chief economist Tom Webb playfully pointed out via social media how much tax refunds are down year-to-date, according to the latest update from the Internal Revenue Service. The IRS indicated that the agency has processed 65,441,000 refunds through March 18. That figure is off by 1 percent compared to where the IRS stood […] [Read More]

Quality. Whether you’re talking about the condition of the vehicle or the assurance the consumer is getting, quality may be one of the first words to come to mind when discussing certified pre-owned. And this quality proposition may carry over to the F&I department, as Auto Remarketing learned in reaching out to one of General […] [Read More]

Now Volkswagen Group of America has another federal agency bringing actions against the automaker involving the diesel engine controversy. In a court complaint announcement made on Tuesday, the Federal Trade Commission has charged that the OEM deceived consumers with the advertising campaign it used to promote its “clean diesel” VWs and Audis, which the regulator […] [Read More]

LexisNexis Risk Solutions and Equifax spent more than two years working on a solution sought by the auto finance industry; a tool one of the lead managers in development told SubPrime Auto Finance News is the answer to several requests on how to leverage alternative data more effectively and efficiently. On Tuesday, the companies launched […] [Read More]