Black Book reflected on the auction scene a year ago when explaining what analysts are now seeing as the industry again approaches Labor Day weekend. To set the stage, Black Book reported overall wholesale values ticked 0.23% lower while prices for cars dropped by 0.27% and values for trucks declined by 0.21%. But according to […] [Read More]

While overall dealership sales sagged in the first half of 2025, electric vehicles continued to gain momentum, according to the latest report from Urban Science. The automotive consulting and technology firm’s 2025 Mid-Year Automotive Franchise Activity Report showed dealerships on pace to sell an average of 825 units for the full year based on data […] [Read More]

A growing company just got a financial push forward. Pam, which bills itself as the fastest-growing voice AI and customer experience platform, announced it has received new funding, led by Autotech Ventures with participation from HF0, Ali Rowghani’s First Harmonic, Idris Mokhtarzada of RocketMoney and Geneva Pacific, among other investors and angels. “Pam addresses one […] [Read More]

The July edition of CreditGauge published this week by VantageScore showed that auto is one of the credit segments showing the most performance deterioration. VantageScore reported mortgage and auto loan credit delinquencies saw the largest year-over-year uptick in the early-stage category, which covers 30 to 59 days past due. They’re up 0.11 and 0.05 points, […] [Read More]

Botdoc says consumers want to have enjoyable car-buying experiences, but they also want it to be safe when it comes to their personal information. That’s one of the primary findings from a recent online survey orchestrated by the secure digital transport solutions provider. Botdoc highlighted key areas for improvement in the automotive customer experience. The […] [Read More]

A lot can change in nine months. Just ask parents. Similarly, a new survey from Credit Union Leasing of America (CULA) showed that credit unions are generally more optimistic about their auto finance portfolios than they were nine months ago. In fact, the majority have seen an increase in auto financing compared to last year. […] [Read More]

While one company in the subprime space recently halted originations, another operation is in growth mode. Late last week, Glenview Auto Loan Fund announced the nationwide expansion of its Credit Builder Program and will hire 20 new sales representatives. Glenview’s senior leadership said it has followed a deliberate growth strategy since launching the Credit Builder […] [Read More]

FinBe USA on Tuesday announced its adoption of Point Predictive’s AutoPass FCRA solution. According to a news release, the implementation enables FinBe USA to leverage Point Predictive’s proprietary data repository and artificial intelligence to accelerate growth, automate fraud detection, reduce early payment defaults, and optimize loan stipulation requirements. Since 2007, FinBe USA has worked with […] [Read More]

Turns out car shoppers can get satisfaction. Cox Automotive’s latest report, The 4 Key Drivers of Car Shopping Satisfaction, showed positivity about the car-buying experience has grown over the past decade. The survey of 740 new-vehicle buyers and 350 used-vehicle buyers who purchased from a franchise dealership during the previous 12 months, conducted in January, […] [Read More]

For the 12th year, Chicagoland’s new-car dealers saluted the military with a month-long event that raised more than $70,000 for programs to support local service members and their families. The Chicago Automobile Trade Association’s 12th annual Drive for the Troops in partnership with the USO included more than 80 area dealerships hosting community-focused fundraising events […] [Read More]