While continuing to keep close tabs on how 60-day delinquencies are trending, Equifax is also watching write-offs, too, since they made a small move upward as of June. According to data shared with SubPrime Auto Finance News this week, Equifax reported that write-offs increased slightly year-over-year, ticking up 4.0 percent in June to 19.0 basis […] [Read More]

The Federal Reserve of New York reported an uptick in consumers who expect to apply for vehicle financing during the next 12 months, but two economists, including Cox Automotive’s Tom Webb, discussed the potential headwinds that might arrive within the employment market as well as consumer confidence. First, the New York Fed indicated its Survey […] [Read More]

On Thursday, CrediautoUSA Financial Co. announced the completion of a capital facility that provides for up to $75 million to facilitate the acquisition by Crediauto of non-prime automobile financing contracts. Crediauto is a finance company that provides solutions to franchised and independent dealers in California. Officials highlighted the facility commitment is supported by capital managed […] [Read More]

If you’re looking to market your high-tech vehicles, the customers most interested consume three key forms of media at considerably strong rates. According to a recent J.D. Power report, those media — Internet, television and magazines — are consumed at very high rates by consumers shopping with in-vehicle technology in mind. The J.D. Power 2015 […] [Read More]

Look for used-vehicle sales this month to be north of 3.2 million units, say industry analysts. TrueCar and Edmunds.com each released separate analyses this week forecasting July used-car sales in that ballpark. Edmunds is predicting 3.22 million used sales this month, which would result in a seasonally adjusted annualized rate of 36.9 million. Meanwhile, TrueCar […] [Read More]

Just a few months out, the excitement around Used Car Week continues to build, with eight new sponsorships coming aboard in the past week. Sorted by conference, the latest to sign on are: CPO Forum Experian National Remarketing Conference GM Financial      Used Car Week Auto IMS             Automovy Logistics         CallMiner             Experian Intellaegis […] [Read More]

Cox Automotive and Westlake Financial Services are among the companies involved in overhauled and pilot programs to provide vehicles for Uber, the online transportation service provider that’s grown in popularity in some of the largest U.S. metro areas. Uber explained this week that its revamped leasing program for its network of drivers dubbed Xchange Leasing […] [Read More]

Fortunately for Canadian dealers, the recent agreement between Fiat Chrysler Automobiles and the National Highway Traffic Safety Administration in the United States is not expected to have any sort of negative market impacts for the brand in Canada. That’s according to Geoff Helby, the regional director of industry solutions for the Canadian arm of ALG. […] [Read More]

Auto Remarketing Canada learned this week that the dealers who lost a class-action suit against General Motors of Canada Ltd. — the results of which were announced earlier this month — will appeal the ruling that GM did not did not breach any common law or statutory obligations toward the dealers related to the wind-down agreements sent in […] [Read More]

It was announced last week that Reynolds and Reynolds is partnering with the Nova Scotia Automobile Dealers Association (NSADA) to develop new F&I forms in an effort to help dealers simplify and smooth F&I transactions. As part of the partnership, Reynolds Document Services has worked up three new F&I documents, including a vehicle purchase agreement, […] [Read More]