CHICAGO — TransUnion discovered the national auto delinquency rate — frequency of borrowers 60 or more days past due — decreased on a year-over-year basis for the eighth consecutive quarter. Analysts revealed Monday that the third-quarter rate dropped to 0.47 percent from 0.58 percent in the year-ago quarter. However, they pointed out delinquencies rose slightly […] [Read More]

CARY, N.C. — To revamp its internal credit scorecard program, Prestige Financial Services recently announced that it has chosen business analytics software and services company SAS for the job Noting the reasoning behind the revamp, Steven Warnick, Prestige’s vice president of risk, said, “Our biggest challenge was the excessive amount of time spent associated with […] [Read More]

MINNEAPOLIS — Wolters Kluwer Financial Services recently announced that a financial service provider focused on the recreation industry has joined its AppOne platform. Joining the ranks of lenders who use the platform is Trailer Solutions Financial. “Trailer Solutions Financial will use AppOne to help simplify the preparation of loan documents, automate credit application processing and connect […] [Read More]

How can lenders help repo agents successfully recover vehicles in an efficient way? Veteran repossessor and Time Finance Adjusters executive Patrick Altes listed several lender attributes that’s helped his business and a host of TFA members. Altes began by stating a good repo client gives agencies information — and lots of it.  “How many cars […] [Read More]

Manheim revealed its executive vice president and chief operating officer last week, and stepping into the role early next month is Janet Barnard, who has been with Cox for more two decades. Barnard’s most recent post was as senior vice president and general manger of the Cox Communications central region. In her new position with […] [Read More]

Coming off of the best October the used-vehicle industry has seen in four years, CNW Research tried to brace dealers for quite a sales change this month. Based on the first 15 days of November, president Art Spinella calculated that full-month sales will increase only slightly more than 1 percent versus a year ago. CNW […] [Read More]

Along with analysis of what models are turning heads at this year’s Los Angeles Auto Show, Edmunds.com shared its expectations for November new-vehicle sales. Edmunds.com is reporting that November sales are on pace for a monthly seasonally adjusted annualized rate of 13.5 million vehicles, which would be an increase over the 13.3 million unit SAAR […] [Read More]

Three more recalls have come out from the National Highway Traffic Safety Administration, mostly for 2012 models. The largest of the three is the recall by General Motors of 1,798 vans — the 2012 Chevrolet Express and GMC Savana manufactured between June 2 and Oct. 17. NHTSA indicated that the second stage of the dual-stage […] [Read More]

Showing how difficult it can be to break dealership stereotypes, a recent poll conducted for CarMax suggests buying a vehicle remains a hassle for women. When asked about their last vehicle-buying experience, more than a quarter of women surveyed felt they were not getting an effortless and quick transaction. A fair trade-in value and trustworthy […] [Read More]

On the heels of the federal government announcing its 2017—2025 fuel-economy proposal last week, the National Automobile Dealers Association is reminding dealerships to pick up their copy of the 2012 Fuel Economy Guide, which was recently released by the U.S. Department of Energy and the Environmental Protection Agency. Included in the guide are detailed fuel-economy […] [Read More]