Swapalease.com reported on Wednesday that lease credit approvals are beginning to bounce back after a dip in the numbers late last year. Site officials highlighted vehicle lease credit approvals for the month of February finished at 70 percent, an uptick from the January mark of 63.6 percent. As a whole, Swapalease described the automotive industry […] [Read More]

The concept of starting an in-house auto finance company in 2016 could be viewed as a curious one. There's the current auto lending regulatory landscape, plus the echoes of the late 2000s auto finance hurdles. But consider, for a moment, the potential in the peer-to-peer car sales space. Depending on how you measure it, says […] [Read More]

Overall vehicle depreciation for 2- to 6-year old vehicles is expected to reach 15 percent this year, representing an increase from the level of 13.2 percent experienced in 2015. That prediction arrived on Wednesday as Black Book and Fitch Ratings released their latest joint vehicle depreciation report Analysts indicated the projected level of depreciation will […] [Read More]

FactorTrust recently added a former top official at the Consumer Financial Protection Bureau to its board of directors Lending her expertise to the organization’s audit and risk committee is industry veteran Marla Blow, who now is founder and chief executive officer of FS Card, a Washington D.C.-based credit card venture designed to offer underserved borrowers […] [Read More]

ADESA subsidiary Recovery Database Network (RDN) named its new chief executive officer this week, expanding the role of a president and CEO from another subsidiary. Taking on the leadership post at RDN along with his responsibilities at CarsArrive Network is Michael Briggs. As the leader of both RDN and CarsArrive, ADESA indicated Briggs will integrate […] [Read More]

Cox Automotive said it will be releasing a Digital Retailing solution on April 1 that will let car shoppers start and agree to terms of a deal with the retailer online, then transition to an in-store process to finalize the transaction and take delivery. This will be done by partnering some of the services of Dealertrack […] [Read More]

Car segment values were down last week, but rate of decline has moderated quite a bit from recent weeks. According to the latest Black Book Market Insights Report, car segments were down an average of 0.19 percent last week (volume-weighted). However, the preceding eight weeks had an average decline of 0.34 percent, Black Book said […] [Read More]

Users of eBay Motors will now have the inspection services of WeGoLook at their disposal, thanks to a partnership between the two companies.    Through WeGoLook, eBay Motors will be able to offer on-site inspections on any car, motorcycle, RV, powersport vehicle or boat in the U.S. Rates will start at $69 per inspection, eBay […] [Read More]

EFG Companies launched a solution called Parts Wizard, a new technology platform aimed at reducing dealer reinsurance exposure, streamlining claims administration and increasing customer satisfaction. The company explained EFG’s Parts Wizard can automate the manual process of sourcing OEM, aftermarket, remanufacturered and used parts for vehicle repairs. In addition, sourcing parts through the Parts Wizard […] [Read More]

In response to the number of vehicle recalls, technical service bulletins and complaints continuing to set records each year, J.D. Power developed a new application to help auto industry professionals analyze vehicle safety data more efficiently. On Tuesday, the company launched what it has dubbed SafetyIQ, an online application that can integrate National Highway Traffic Safety […] [Read More]