The American Bankers Association’s Consumer Credit Delinquency Bulletin showed mixed movements of consumers maintaining payments on their vehicle loans during the first quarter. Officials said that Q1 delinquencies associated with direct auto loans — financing arranged directly through a commercial bank — dipped year-over-year from 0.79 percent to 0.76 percent. Meanwhile, ABA found that delinquencies […] [Read More]

FordDirect announced late last week the promotion of three of its employees to senior vice president status. The three former vice presidents — James Casazza, John Gottschalk and Marianne Tappy — have been moved up to their senior-level positions after many collective years working in the automotive industry. Stacey Coopes, the chief executive officer of […] [Read More]

The leader of the pack among popular vehicles in Canada this year continued its winning streak as summer got underway. This past June, the Ford F-150 once again topped the charts as the most appraised vehicle in Canada, according to the TradeTracker Used Vehicle Market Report. The only month this year the pickup hasn’t held […] [Read More]

Leasing penetration rates rising to near-record highs at the same time that more and more people are turning to shorter lease terms isn’t something that Scot Hall finds to be a coincidence. In fact, the executive vice president of Swapalease.com said these movements may go hand-in-hand. “I think it actually has the same message on […] [Read More]

At the halfway mark for 2014, we’ve seen some interesting developments in the vehicle transport industry. Here’s a quick breakdown from both the haulaway (truck) and rail perspectives. Truck Driver Safety In industry language, a “haulaway” is a truck designed for the transportation of automobiles. As safety is of primary importance to transport providers, we […] [Read More]

The analysts at CarGurus announced last last week the list of U.S. cities with the highest and lowest used-car prices. An East/West trend emerged from the study, with the top-10 most affordable cities being near the East Coast, and the most expensive spread westward. Miami tops the list of most affordable cities to purchase a […] [Read More]

Chrysler Group announced Friday a recall of approximately 895,000 SUVs due to potentially improper wiring to vanity mirrors and/or headliners. The vehicles affected, certain 2011-2014 Jeep Grand Cherokees and Dodge Durangos that have previously had their vanity mirror and/or headliners serviced, may have been reassembled unsafely by the dealer and may be prone to short-circuiting […] [Read More]

DealerSocket announced their most recent service retention product this week aimed at increasing dealers’ return service business opportunities. The program, MarketPlace Loyalty, is pre-paid maintenance product that works by aiding dealers with the task of getting back in contact with customers via email, phone and postal mail with DealerSocket’s customer relationship management solutions. According to […] [Read More]

General Motors has revealed its choice for the new president of Cadillac. Chosen for the position is Johan de Nysschen, who previously held executive positions with Audi and Infiniti. In fact, it was announced on Friday morning that de Nysschen resigned as Nissan Motor Co.'s head of its Infiniti luxury line after two years — a few […] [Read More]

A Florida credit union adopted RouteOne’s e-contracting product, DiscountOne, for its east coast member base. Space Coast Credit Union, located near Kennedy Space Center and Cape Canaveral, will use DiscountOne to transfer contract packages and conditions quickly and securely to any of its more-than 230,000 members and the dealers they are doing business with. The […] [Read More]