NEW YORK — Fitch Ratings indicated the subprime sector of the auto asset-backed securities market exhibited a stable performance this past month. Analysts arrived at that assessment today because August 60-day delinquencies rose only 2 percent month-over-month, climbing to 3.24 percent from 3.17 percent "The stability in this sector has been driven largely by 2010–2012 […] [Read More]

HANOVER, Md. — Jack Tracey remembers when the National Automotive Finance Association's annual survey was the only barometer to measure how the non-prime segment of the industry was behaving. Now 16 years later, Tracey and the NAF Association are gearing up to make positive changes to bring new life to its annual look at lending […] [Read More]

FRANKLIN, Tenn. — Lease returns just got easier for Nissan and Infiniti customers. And dealers may be able to take advantage of more potential customers coming in to purchase a new ride after cashing their lease in. The two Japanese brands revealed late last week their new app called RPM Mobile. "This app allows dealers […] [Read More]

PHILADELPHIA — Along with naming its new executive vice president of technology and strategic planning, VINtek recently revealed it's now the exclusive electronic lien and title partner of LEVERAGE, the service corporation for the League of Southeastern Credit Unions, the trade association for Alabama and Florida credit unions. Officials recounted that this past March, the […] [Read More]

It wasn’t just about the debut of a new facility for Insurance Auto Auctions. They gathered to celebrate the grand opening of IAA’s new Austin, Texas branch, but also in solidarity with — and support of — the nation’s military. [Read More]

With dealers having to get creative to find enough used vehicles these days, it’s becoming clear that many are turning to the service lane as a prime resource for these hard-to-find units. While there are often strategic intricacies involved, the concept, simply put, is this: a customer comes through the service lane with a vehicle […] [Read More]

Dealerships may want to look into where they are putting their dollars while investing in digital media, according to online auto shopping behavior research company Dataium LLC. In a study commissioned by Cars.com, Dataium apparently found “inefficiencies” between dealerships’ digital marketing mix and the quantity and quality of traffic to their websites.   [Read More]

Dealers may want to take note of the following points OnStar and Autotrader.com recently cautioned potential used buyers to pay attention to. The two companies explained they teamed up in an effort to make buying pre-owned vehicles a little easier for shoppers. And in the notes compiled for shoppers in the used market, the companies […] [Read More]

A truckload of used inventory never made it to the front line. Instead the units met their fiery demise early Thursday morning. A hauler filled with nine used vehicles exploded in Miami near State Road 112 and Okeechobee Road, according to a  report from the Miami Herald. Miami Dade Fire Rescue arrived just before 2 […] [Read More]

Auto dealers in San Francisco have come together to form a new trade group, with the goal of using their economic powers for the good of their city. The new trade group, called the San Francisco Auto Jobs Alliance, aims to preserve the city’s automotive heritage, and promote job creation and economic growth, the group […] [Read More]