SCHAUMBURG, Ill. — Experian Automotive boiled down all of the data the vehicle financing industry generated during third quarter into two words: Good news. Experian found that outstanding automotive loan balances reached a record high since the company began publicly reporting the data seven years ago. According to its latest State of the Automotive Finance […] [Read More]

LAWRENCEVILLE, Ga. — Black Book recently rolled out its newest product, the Collateral Insight Engine, what it's calling the industry's most advanced resource for vehicle lenders. Black Book explained the Collateral Insight Engine can compile historical, current and projected vehicle values in an easy-to-use interface. Users can also analyze collateral performance and create custom views […] [Read More]

DETROIT — Ally Financial just launched a new mobile app designed with direct customer input to make managing auto accounts easy and convenient. The Ally Auto Mobile Pay app can offer customers the ability to check payment status and schedule or cancel a pending payment anywhere, anytime with just a few quick taps. "Our customers […] [Read More]

SALT LAKE CITY — Larry H. Miller Management Corp. President Clark Whitworth and Prestige Financial Services president Bryant Henrie jointly promoted an executive within the operation to be the new chief operating officer of Prestige. Taking on the position is Richard Hyde, who most recently served as the company's executive vice president, a position he […] [Read More]

Japanese models once again sweep the No. 1 and No. 2 spots for most researched and purchased used vehicles in the third quarter, according to Edmunds.com’s latest Used Market Quarterly Report. The most researched used vehicle last quarter was the Honda Civic, followed by the Honda Accord. And even though Edmunds.com officials said the most […] [Read More]

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Hyundai and its dealers revealed this week a new Web-based customer review service. Through utilizing the public third-party SureCritic reviews site, the OEM explained it will publically feature owner-generated ratings and reviews of its dealership service experience. The review sites will be unique to each dealership, and a link on www.hyundaiusa.com takes site visitors to […] [Read More]

Dealer.com revealed Thursday it has a couple of new Certified Providers for dealers to choose from. The site has added TradeMotion and OfferLogix as Certified Providers through its Certified Provider Program. This program works to give “dealers turnkey solutions that help enhance their online performance,” the company said. "At Dealer.com, we seek out like-minded collaborators […] [Read More]

Hertz Global Holdings Inc. revealed it has chosen a new director. The board of directors of Hertz and The Hertz Corp. announced Thursday Philippe Laffont has been elected as director. Laffont is the founder and chief investment officer of Coatue Management, an investment management firm founded in 1999.  Prior to founding Coatue, Laffont worked at […] [Read More]

Customers spoke, and Ally Financial listened. The result? A new mobile app that lets on-the-go customers pay their bill in seconds. Ally Financial announced the launch of its new mobile app this week, saying the product was designed with the aid of direct customer input. The Ally Auto Mobile Pay app is meant to ease […] [Read More]