Credit Union Leasing of America (CULA) is coming off its two best quarters in company history. And now the indirect vehicle leasing program provider that empowers credit unions to diversify their existing portfolios is in the Lone Star State. This week, CULA announced that it now offers vehicle leasing services in Texas through its partnership […] [Read More]

Similar to an extensive response by the American Financial Services Association, Kroll Bond Rating Agency (KBRA) also refuted recent assertions by the Wall Street Journal that extrapolated TransUnion data to say that more than 9% of subprime auto financing was more than 60 days past due in the closing quarter of last year, which the […] [Read More]

AutoNation currently has five standalone used-car stores. The retailer wants to have more than 130 AutoNation USA locations open by the end of 2026. That target store count would include the five existing AutoNation USA stores. The retailer plans to have five additional USA stores finished by late this year, then add 12 more in […] [Read More]

Higher prices. Fewer units flowing through the wholesale market. Vehicles in rougher condition. The challenges for dealership used-car managers are as steep as ever, as recapped in the latest Market Insights from Black Book released on Tuesday. While values didn’t rise quite as much last week as they had earlier in April, analysts said wholesale prices […] [Read More]

IAA’s U.K.-based business unit has expanded its vehicle delivery service for its buyers, and the company said that with the expansion, it can deliver vehicles anywhere on the U.K. mainland. IAA said the expansion takes place following several technology modernization investments. The service uses IAA’s expanded vehicle transporter fleet and the company’s INFORM Transportation Management […] [Read More]

Business Intelligence Group has named fleet management company Donlen as a winner of its 2021 Excellence in Customer Service Award. In its announcement on receiving the award, Donlen mentioned its company-wide customer service methodology called AREPA, which stands for "availability, responsiveness, expertise, proactivity and accuracy." The AREPA process represents important attributes for providing top customer service […] [Read More]

Sister websites Swapalease.com and Wantalease.com recently shared their latest data connected with users getting approved for contract transfers, as well as how monthly payments are trending. Beginning first with what Swapalease reported, site officials said applicants for lease credit registered an approval rate of 72.9% in March, representing a slight increase from the 70.8% approval mark […] [Read More]

Following the success of “Dealer Training Day” at our Used Car Week and Auto Remarketing Canada conferences, Cherokee Media Group is launching an online “Dealer Training Series” beginning in May.  The once-a-month series will kick off with a training session from Alan Dickie of Alan Dickie Inc. on May 11, followed by a June 8 […] [Read More]

With precautions in place to ensure attendee safety, the Greater Rockford Auto Auction will host the 4th Annual GRAA’lapalooza Anniversary Sale to celebrate 47 years in the auction business. The two-day event will take place July 20 and July 21, with country music artist, Aaron Tippin performing July 20 following an evening auction. “We are planning […] [Read More]

Defaults are a bad outcome for both lenders and borrowers, and research shows that the mismatched timing between a person’s income and their bills is one of the most common reasons for these financial shortfalls. A new behavioral science experiment conducted by Duke University’s Common Cents Lab with customers of Beneficial State Bank (BSB) shows […] [Read More]