CarEdge.com, a provider of analytical tools that automotive dealers and leasing companies use to assess vehicles’ current and future values, has introduced a vehicle financing calculator that compares the expected depreciation of a vehicle with the future balance on a car loan.   The company designed the calculator to make consumers aware of the risks […] [Read More]

Wholesale prices are softening, but KAR Global’s September data show they still have a way to go before returning the level auctions and dealers saw a year ago — or even before the pandemic arrived. According to KAR Global Analytical Services’ monthly analysis of wholesale used-vehicle prices by vehicle model class, wholesale prices in September […] [Read More]

Another ramification of Hertz’s bankruptcy filing surfaced on Friday. Hertz Global Holdings announced that its common stock will start trading exclusively on the over-the-counter market. Stock quotations will be available on the OTC Bulletin Board — known as Pink Sheets — under the ticker symbol HTZGQ. The company explained that the New York Stock Exchange […] [Read More]

Perhaps nowadays more than ever, risk decisions are based on consumer income and employment information to grasp a potential retail installment contract holder’s ability to pay This week, TransUnion rolled out a new seamless and real-time service to provide finance companies and other businesses access to verified income and employment data so underwriters have a […] [Read More]

This week, AUL Corp. welcomed industry veteran Corey Ginsberg as the F&I provider’s new software development manager to lead the company’s team building custom applications. The company said Ginsberg’s experience and technical expertise will help AUL remain an industry leader in providing dealers, agents, finance companies and contract holders with a positive and seamless experience. […] [Read More]

To get a sense of how this year’s all-digital Used Car Week will begin, picture a sandwich.  If Thanksgiving week is the leftover turkey, stuffing and cranberry sauce, then the weeks of Auto Fin Con and Repo Con are the slices of bread bookending those feast-filled days. Before the holiday season kicks off, we’re bringing […] [Read More]

Here’s a phrase you don’t often hear during 2020’s topsy-turvy automotive market: “much more even-tempered.” But alas, that’s how Canadian Black Book describes wholesale vehicle price trends at October’s end. There was a 0.03% dip in prices this past week for both truck segments and car segments — a decline that is “quite small” when […] [Read More]

Multiple hurricanes pushing through Louisiana haven’t slowed a Byrider franchisee from opening a revamped facility. The network of buy-here, pay-here dealership announced this week Byrider is returning to Monroe, La., with a new store opening set for Friday, less than 48 hours after Hurricane Zeta swept through the state as the fifth hurricane to strike […] [Read More]

New leadership now is in place for one of the primary capital providers for buy-here, pay-here dealers This week, Texas Capital Bancshares, the parent company of Texas Capital Bank, announced that Rob Holmes has been appointed chief executive officer, president and a member of the board of directors of both companies, effective Jan. 24. Holmes […] [Read More]

The “SkipGuru” has embarked on his next professional challenge. Alex Price, the frequent Used Car Week speaker and skip-tracing expert widely known as the “SkipGuru,” joined LocateSmarter, a data and analytics company, as director of training and development in a move that was effective Oct. 1. According to a news release distributed this week, Price […] [Read More]