WASHINGTON, D.C. — The American Bankers Association's Consumer Credit Delinquency Bulletin showed mixed trends in regard to auto-loans during the second quarter. ABA found that Q2 delinquencies for direct auto loans — contracts arranged directly through a bank — fell year-over-year from 0.91 percent to 0.88 percent. However, second-quarter delinquencies for indirect auto loans — […] [Read More]

LOS ANGELES — Another dealer management system integrated itself with RouteOne's credit application management platform. Nowcom Corp. announced earlier this week that its DMS product, DealerCenter, now has a relationship with RouteOne in an attempt to better support dealer financing needs. Dealers using DealerCenter DMS now can send a deal, including customer, inventory and structure […] [Read More]

ATLANTA — This week, Equifax launched what the credit bureau called Advanced Decisioning Attributes, a set of analytical building blocks that can enhance the ability to make predictive underwriting decisions.    Officials indicated Equifax Advanced Decisioning Attributes can deliver more than 500 tri-bureau-enabled consumer credit attributes that can be leveraged in all aspects of account lifecycle, […] [Read More]

WOBURN, Mass. — After looking at more than 20 million used cars for sale over the past year at dealerships throughout the country and weighing the prices of franchised dealers against those of independents, iSeeCars suggests their respective deals aren't that different. All told, the prices at what iSeeCars referred to as new-car dealers (i.e. […] [Read More]

Though the end of summer brought a respite from the spiking wholesale prices that dealers have suffered all year, it seems rates are on the upswing once again.   According to ScotiaBank’s Global Auto Report, Canadian used-car prices “picked up” in early October. The report also shared some factors behind the price increases, that may […] [Read More]

CarProof Vehicle History Reports announced this week it has chosen a new director of corporate accounts. Filling the role is Bryan Smith. In his new role, Smith will be responsible for growing the corporate accounts portfolio and expanding CarProof’s Corporate Services division to offer new products and services to automotive manufacturers and finance companies, officials […] [Read More]

Chrome Data Solutions recently announced the availability of Kia, Mazda and Chrysler build data through the company's Automotive Description Service (ADS) VIN decoder. Officials indicated this is the latest addition to the company’s solution, which also includes build data from General Motors and Nissan. Chrome explained build data is information available from a vehicle manufacturer […] [Read More]

Contrary to rates seen in August — when the percent of near-term intenders planning to purchase or lease a new car within the next three months rose to 44 percent — this past month saw those numbers fall to 41 percent. If the data provided by Phoenix Marketing’s September Auto Insights report is any indicator, […] [Read More]

Prices in the lanes are predicted to continue to fall this week as seasonality has come into play. According to NADA Used Car Guide, wholesale prices are expected to decrease on average by 0.9 percent, or $125. And all segments are expected to contribute to this decline, except for one. Bucking the trend, midsize vans […] [Read More]

The increase in activity for green/hybrid category vehicles on Swapalease.com last month was higher than the gains for any other vehicle segment — and it wasn’t even close. Specifically, the year-over-year change in inventory listings on the site for the green/hybrid segment ended up being an increase of 66.7 percent, the site indicated. Next up […] [Read More]