It was pretty chilly throughout much of the country in January, especially at finance companies based on the newest Dealertrack Credit Availability Index. Cox Automotive reported on Monday that the index reading declined to 93.0 in January. That’s 3% below a year ago, marking the lowest level since August 2020. “The Dealertrack Auto Credit Total […] [Read More]

Just before last month’s Vehicle Finance Conference hosted by the American Financial Services Association, Open Lending released initial findings from its newest study on vehicle accessibility and automotive financing perceptions among near- and non-prime consumers. Open Lending senior vice president of marketing Kevin Filan offered more details for this episode of the Auto Remarketing Podcast. […] [Read More]

Oh, not much, just the way people buy used vehicles. Questions of the day: — Are BDCs departments still relevant? — Are BDCs worth the additional expense? This is why we’re asking: The pandemic greatly impacted the consumer’s ability or desire to purchase used vehicles. In some states, it was literally illegal to go to […] [Read More]

Vehicle dependability is slipping, according to the latest research from J.D. Power. The J.D. Power 2024 U.S. Vehicle Dependability Study found vehicle owners are experiencing more problems after three years of ownership, which the research firm said indicates a decline in long-term vehicle dependability. The industry average increased by 4 problems per 100 vehicles year-over-year […] [Read More]

Toyota and Ford were the big winners as Vincentric announced its 20th annual Vincentric Best Value in America Awards. Toyota was named the Best Value passenger car brand for the ninth time and Best Value SUV and Van brand for the seventh time, and seven of its models won their segment. Ford earned the Best […] [Read More]

Rita Case, president and CEO of Rick Case Automotive Group, was named the recipient of the 55th Annual TIME Dealer of the Year Award. Case, who heads the nation’s largest female-owned and operated dealer group, is the fifth woman selected for one of the industry’s highest dealer honors. The award, presented in partnership with Ally […] [Read More]

After being on stage asking questions and facilitating a conversation at this year’s Vehicle Financial Conference, GM Financial’s Kyle Birch made time during the American Financial Services Association event to be a part of the Auto Remarketing Podcast. Birch recapped the successful year GM Financial had as well as other developments connected with the auto-finance […] [Read More]

Frank McKenna was one of the most sought-after experts at this year’s Vehicle Finance Conference, which was hosted by the American Financial Services Association. Many attendees are impacted by fraud nowadays, so the Point Predictive executive recapped some of the questions he received in Las Vegas and more for his regular visit on the Auto […] [Read More]

This week, Fitch Ratings offered its expectations for the securitization market in relation to the gradual softening of used-car prices. Fitch supported its assertions by citing a variety of data points from Black Book, Edmunds and federal officials about how the market has behaved since the first half of 2021. “Used-vehicle prices have retreated from […] [Read More]

Danielle Arlowe and Celia Winslow of the American Financial Services Association still had plenty of energy for this episode of the Auto Remarketing Podcast recorded in Las Vegas at the end of the organization’s annual Vehicle Finance Conference. Arlowe and Winslow recapped the active scenes at the state and federal level in connection with legislative […] [Read More]