This week, KBRA released news research examining the increasingly asymmetric performance of auto loan ABS across borrower credit profiles. Perhaps also seen by finance company executives who oversee collections and portfolio health, KBRA pointed out that stronger borrowers have remained “comparatively resilient, while borrowers with weaker credit profiles and higher payment burdens have accounted for […] [Read More]

UVeye has expanded its footprint to Canada. The vehicle data intelligence company said Thursday that its advanced computer vision inspection systems have launched at dealerships in British Columbia and Ontario. This launch kicks off a planned rollout throughout Canada. UVeye already has more than 1,000 systems installed at dealers, fleets, auctions, rental operations and OEM […] [Read More]

Just before the end of June, CarGurus announced a significant dealer policy change starting July 14 in response to vehicle advertising and pricing demands by the Federal Trade Commission. Site officials previously said used inventory on its platform without disclosed fees will be categorized as “No Rating” and will move lower in search results. CarGurus […] [Read More]

Like the Gamecock at Williams-Brice Stadium, Holler-Classic Family of Dealerships rightfully has something to crow about. Announcing an expansion to the South Carolina capital, Holler-Classic has purchased four stores in the Columbia, S.C. area. The central Florida-based dealer group announced Tuesday that it has acquired three Nissan dealers and one INFINITI store from Dick Smith […] [Read More]

Auto Remarketing continues its reporting on the second quarter used-vehicle results of the six publicly traded dealer groups. Next up is Penske Automotive Group, where a take-private bid has made headlines in recent days. But as far as the Q2 numbers are concerned, here’s how the used-car operations of the retailer fared. Penske moved 59,070 […] [Read More]

What a potential buyer is looking for on the dealership lot or website is noticeably aligned with what buyers in the lanes are searching for at the auction. The ongoing scenario might be really that simple, based on analysis included in the newest installment of Market Insights from Black Book. The report noted that overall […] [Read More]

Lithia & Driveway posted its best-ever second quarter revenues, but the highlight in its pre-owned operations was a sharp quarter-to-quarter increase in used-car profits per unit. Releasing second-quarter results Wednesday, Lithia said it sold 106,114 used retail units in the second quarter, down 2.7% year-over-year. So far this year, it has moved 215,265 used retail […] [Read More]

One of the celebrated annual issues of Auto Remarketing returns in September. “The Auto Auction Issue: In-Lane and Online” will showcase the wholesale vehicle ecosystem through in-depth features, photo spreads from auto auctions, market insights, a guide to commercial consignors and human-interest stories. The features on tap for this issue include: — The changing nature […] [Read More]

Along with welcoming a new attorney to the firm’s office in Sarasota, Fla., Weltman, Weinberg & Reis recently reiterated five potential situations when replevin actions could help credit unions recover secured assets when traditional repossession efforts are unsuccessful. The full-service creditors’ rights law firm in operation for nearly a century acknowledged that self-help repossession is […] [Read More]

Credit availability and digital adoption are running in the same upward direction, which is creating positives for dealerships and finance companies booking loans and lenders eventually using them in securitizations. Wolters Kluwer Compliance Solutions on Wednesday released its Q2 Auto Finance Digital Transformation Index, highlighting that eContracting volume increased by 7% sequentially and 2% year-over-year. […] [Read More]