Experian reported that 2020 closed with used vehicles representing 8.30% of the total lease market. That’s down a bit from the previous year, as 2019 finished with used models constituting 9.01% of the leasing space. Swapalease.com is looking to give the used-vehicle leasing space a jolt with the newest offering the site launched on Monday. […] [Read More]

Sonic Automotive has opened its newest EchoPark specialty pre-owned vehicle store in Birmingham, Ala. The 27,000-square-foot facility is the company’s 22nd location to date and its first in Alabama. David Smith, chief executive officer of Sonic Automotive and EchoPark Automotive, said Birmingham has long been a strong market for Sonic’s new-vehicle business. “More and more […] [Read More]

Artificial intelligence is playing a role within the subprime market for financing motorcycles, too. On Monday, Scienaptic, an AI-powered credit decision platform provider, announced the deployment of its solution at American Cycle Finance (ACF). According to a news release, this implementation will enable ACF to use AI for making sharper credit decisions and assist dealers […] [Read More]

Responding in part to consumer demand for as much information as possible before finalizing their vehicle financing, 700 Credit announced a product alliance with fusionZONE Automotive’s digital retailing solution, FastLane Leads. FastLane Leads is designed to simplify the digital retail process and reduce form abandonment rates through its straightforward four-step process. Dealers can receive more […] [Read More]

While Lightico’s latest consumer survey illustrated how leery potential buyers remain about going to a vehicle location to complete financing paperwork and take delivery, findings gathered by the facilitator of next-generation digital customer interactions showed rising confidence in being able to maintain payments. Lightico discovered a 33% drop in the level of consumers concerned about […] [Read More]

“Dark patterns” evidently are not just what might appear below your eyes after a long day followed by a restless night. The Federal Trade Commission is seeking comment on topics related to the use of digital “dark patterns,” a range of potentially deceptive or unfair user interface designs used on websites and mobile apps. The […] [Read More]

Jaguar Land Rover North America and SiriusXM are expanding the factory installation of SiriusXM’s audio entertainment service, and beginning with 2021-model year vehicles, SiriusXM is now a standard feature in all U.S. Jaguar and Land Rover models. Since 2004, Jaguar and Land Rover have worked together to deliver SiriusXM’s programming to Jaguar and Land Rover […] [Read More]

AutoNation said its new partnership with a Major League Soccer club shows its and the club’s commitment to fighting cancer by using the power of soccer and its strong fan base. The soccer club is South Florida-based Inter Miami CF, and as part of the partnership, AutoNation will be the official and exclusive automotive partner of […] [Read More]

Perhaps here’s some news on a Friday that might help finance companies and their collectors exhale a bit. The Consumer Financial Protection Bureau this week proposed extending the effective date of two recent debt collection rules to give affected parties more time to comply due to the ongoing COVID-19 pandemic. According to a news release, […] [Read More]

DigniFi, AutoNation and TR Wholesale Solutions are all working together to help customers finance tires that offer superior safety and performance. AutoNation uses TR Wholesale Solutions’ digital tire shopping platform to help its service advisors and customers shop, compare and order tires. By introducing DigniFi’s automotive financing platform into this experience, AutoNation and TR Wholesale […] [Read More]