ATLANTA — FactorTrust, a provider of underbanked consumer data, analytics and risk scoring solutions on those underserved by traditional banking channels, rolled out solution this week for subprime auto lenders looking to reach these consumers more effectively. The company launched what it's calling the FactorTrust Automotive Finance Practice to provide lenders access to useful data […] [Read More]

Continuing seasonal trends picking up this month, wholesale prices are expected to drop again this week. NADA Used Car Guide is expecting values to fall by 0.5 percent, or $75. All segments are expected to stay close within the average percentage change, each expected to decline between a “tight range” of 0.3 percent to 0.5 […] [Read More]

Twenty percent of the time, dealers have cut the retail price of a used car an average of nearly 7 percent by the time it gets in the hands of a consumer. That’s according to iSeeCars, which came to this conclusion after analysis of 30 million used cars. The company’s analysis also determined that prices […] [Read More]

In the Seventh Federal Reserve District (Chicago), the growth in vehicle sales has not been as high recently as it had been previously, but dealers in the region may be happy to know that used-vehicle demand in the region showed “continued strength,” as did the consumer appetite for fuel-efficient vehicles. Likewise, the Cleveland District saw […] [Read More]

On Wednesday, Gubagoo launched a new tool called Vehicle Matching, a patent-pending predictive technology geared to make dealership websites more intelligent and able to increase lead volume and sales. The company explained that by using predictive technology to analyze a visitor’s click patterns, Vehicle Matching can automatically align the right vehicles, offers and pricing to […] [Read More]

Enterprise Holdings, which operates the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands, has announced 16 auto auction houses as winners in its annual Auction Achievement Awards. The awards are given for outstanding performance in the areas of strategic planning, communication, operational success, customer service, marketing and reconditioning. “Our auto remarketing strategies […] [Read More]

After being ousted from the top spot of most talked about automotive brand online by Chevrolet in August, Ford regained the lead in online discussions this past month. According to the September Social Buzz Report from  Phoenix Marketing International’s Automotive Practice, the Blue Oval was talked about 867,308 times last month. Following closely behind was […] [Read More]

In a move the company said will usher in a “seasoned team of resources” to oversee expansion, EvCarCo Inc. this week appointed six people to its management team and board of directors. Named chief executive officer by EvCarCo is Edwin McKnight, a global entrepreneur for more than 35 years. His previous work includes renewable energy […] [Read More]

The Ontario Motor Vehicle Industry Council is warning consumers and the industry about a new trend among unlicensed dealers — also known as curbsiders. Though traditionally these dealers have targeted customers with smaller pocketbooks with the promise of inexpensive vehicles, now it seems they are changing their tactics. OMVIC warned the industry to be wary […] [Read More]

NEW YORK — After the auto loan portion of the S&P/Experian Consumer Credit Default Indices dropped to the lowest level ever recorded by S&P Dow Jones Indices and Experian in June, the reading now has inched up three months in a row. The auto loan default rate reported for September was 1.15 percent, up from […] [Read More]