For the first time in almost two years, auto defaults stayed at the same level for consecutive months. On Tuesday, S&P Dow Jones Indices and Experian released data through September for the S&P/Experian Consumer Credit Default Indices, and the auto reading came in at … [Read More]

ADESA said Monday it has named new general managers at its Chicago, Salt Lake and Los Angeles vehicle logistics centers. Appointed to those positions are Ted Coates (ADESA Chicago), Scott Crane (ADESA Salt Lake) and Jesse Estrada (ADESA Los Angeles). “We’re very pleased to fill these pivotal positions with strong internal candidates who bring deep […] [Read More]

Supply chain challenges. Labor and staffing shortages. Lack of product, or in our world, lack of vehicles. There’s no doubt that in today’s environment, winning in business has many new challenges and staying “ahead of the game” requires creativity and diligence. But this also means there are new opportunities that did not exist 12-18 months ago. […] [Read More]

Last year, Used Car Week celebrated the return of our in-person, live event after a year of going digital due to COVID-19. This year, we mark another return: We’re back in San Diego for the first time in almost a decade.  The used-car industry — and Used Car Week — has changed a lot since […] [Read More]

Last week, CDK Global rolled out a new research project to gauge current and potentially future retail activities at dealerships. The automotive retail software provider launched the Ease of Purchase Scorecard, a monthly snapshot of the consumer vehicle purchase process at dealerships. According to the latest survey data, 82% of auto retailer customers are finding […] [Read More]

Bill Seidle’s Mitsubishi opened on Sept. 9, 1982; an autumn that included a labor strike in the NFL and the debut of the TV sitcom “Cheers,” featuring Ted Danson and Shelley Long. Following 40 years of continuous business operations since that point, Mitsubishi Motors North America (MMNA) recently recognized the franchised store based in Doral, Fla., […] [Read More]

At least one part of the subprime auto finance market is starting to resemble what the landscape was before the pandemic. S&P Global Ratings published a report last week highlighted the U.S. auto ABS sector’s performance for August, noting that it weakened, with prime and subprime losses increasing month-over-month. Analysts explained the deterioration in subprime […] [Read More]

TruDecision CEO Daniel Parry elaborated about the current state of the auto finance market in conjunction with an exciting development for his company that was one of the first Emerging 8 honorees in 2019. On Tuesday, TruDecision announced that it’s expanding its partnership with CIG Financial, an AutoNation company that will be rebranded as AutoNation […] [Read More]

Last week, Solutions by Text, a provider of enterprise text messaging solutions focused on consumer financial services, announced an integration with LiveVox, a leading cloud-based provider of customer service and digital engagement tools. According to a news release, Solutions by Text (SBT) will join the LiveVox Partner Ecosystem, a network of technology and solution providers […] [Read More]

The Presidio Group, known as an investment banking and dealership mergers and acquisition advisory firm, has seen a distinct uptick in its automotive retail services division that helps match dealership retail services companies with strategic capital to help the companies grow. Presidio managing director Keith Style, during an interview about the company’s dealership M&A market […] [Read More]