This week, Zurich North America said it is expanding its F&I sales distribution strategy by adding select F&I agencies to complement its national direct sales approach. The company explained through a news release that the move lays a foundation for reaching a wider market of dealers across the United States. Zurich is one of the […] [Read More]

Auto-finance companies looking to gauge collections, delinquencies and defaults continue to get a somewhat murky glimpse of what’s happening in the market. After the latest update showed a slight dip in defaults, the newest insight from Kroll Bond Rating Agency (KBRA) indicated February remittance reports showed that auto credit performance continued to soften across prime […] [Read More]

Next up in our Auto Remarketing Podcast series from NADA Show 2022, BacklotCars co-founder Justin Davis chats with senior editor Joe Overby about the company's work to go beyond the inventory liquidation piece and help dealers source used cars, and utilizing data and machine-learning to help dealers on both sides of the transaction. Plus, Davis […] [Read More]

For this installment of our podcasts from NADA Show 2022, we turn to the FUEL side of the CARS group. Dean Evans and Terry Laughridge join the show and talk with senior editor Joe Overby about where FUEL fits into the company's end-to-end offering, how cord-cutting and streaming impacts automotive advertising, the move toward brand image and branding […] [Read More]

It appears the certified pre-owned vehicle market may have turned a corner last month. Snapping a six-month decline, February CPO sales of 191,860 units beat January figures by 15.3% and marked the highest monthly sum since October, according to a Data Point report from Cox Automotive. The Cox data, citing Motor Intelligence, indicates last month’s […] [Read More]

Along with revealing who will give the keynote address of the 2022 NIADA Convention and Expo, the National Independent Automobile Dealers Association also announced its newest Gold-level National Corporate Partner. Coming aboard in that capacity on Wednesday was LHPH Capital, a capital provider for lease-here, pay here dealers, in an effort to share its leasing […] [Read More]

Brian Stone is shifting from one large, publicly traded dealership company to another. America’s Car-Mart announced on Wednesday that Stone has been named as executive vice president of procurement and inventory in a move effective on Monday. Car-Mart highlighted Stone joins the chain of buy-here, pay-here dealerships with significant industry experience, including 20 years with […] [Read More]

The Federal Open Market Committee (FOMC) at the Federal Reserve raised the federal funds rate target to a range of 0.25 to 0.5%, marking the first push higher by policymakers in three years. The move prompted Cox Automotive chief economist Jonathan Smoke to say Wednesday’s action is likely the first of seven increases by the […] [Read More]

"We're ready for major U.S. expansion." That was one message EBlock chief executive Jason McClenahan had for dealers at NADA Show 2022, where he sat down with senior editor Joe Overby to discuss the progress of the digital auction company's U.S. rollout, its work with independent auto auctions and more. Plus, McClenahan discusses the EDealer […] [Read More]

CreditIQ founder Bill Liatsis sits down with senior editor Joe Overby at NADA Show 2022 and shares a bit more about the company's business model, which offers a fintech platform providing instant online auto finance screening and approvals to facilitate online vehicle buying. Liatsis also discusses how CreditIQ, which was purchased by the CARS group […] [Read More]