Experian’s latest State of the Automotive Finance Market Report showed delinquency rates on auto financing declined during the first quarter. Experian determined 30-day delinquencies decreased from 1.98% in Q1 of last year to 1.93% in Q1 of this year, while 60-day delinquencies dropped from 0.68% to 0.67% during the same time frame. A deeper dive […] [Read More]

The Conference Board — a member-driven think tank founded in 1916 — acknowledged that rapid changes in customers’ attitudes and expectations are challenging marketers like never before because of the coronavirus pandemic. At the same time, it also presents major opportunities, according to new research from The Conference Board, which found that one of the […] [Read More]

With the Premier League set to return Wednesday, autoTRADER.ca has lined up an advertising partnership with DAZN, the sports streaming service that is the league’s exclusive home in Canada. The deal will run through the entire 2020 and 2021 Premier League seasons and makes autoTRADER.ca the first company to have category exclusivity on DAZN in […] [Read More]

Progress toward making automated driving systems better and safer took another step forward on Monday. The U.S. Department of Transportation announced nine companies and eight states have signed on as the first participants in a new agency initiative to improve the safety and testing transparency of automated driving systems. The participating companies involved in what’s […] [Read More]

Both S&P Global Ratings and Moody’s Investors Service are trying to use their data and information about the auto ABS market to project the health of finance companies and their portfolios later this summer and beyond. Each firm considered payment frequency, extensions and other actions to help finance company customers and what how those actions […] [Read More]

Ken Shilson of Subprime Analytics made his podcast debut to discuss one of his favorite industry endeavors — the annual buy-here, pay-here benchmarks that can give dealers of all sizes a barometer about a host of operational segments. Shilson also delved into a series of recommendations aimed at helping BHPH dealerships navigate through the coronavirus […] [Read More]

The volume of off-rental vehicles making its way into the wholesale market in 2020 is expected to be 250,000 higher than forecasted pre-pandemic, according to Black Book, which said in last week’s COVID-19 Market Updates report that rental companies are likely to shed units from their fleets in the back half of the year to align with […] [Read More]

CORRECTION: Story has been corrected to clarify that DI is one of eight selected preferred providers.    Dealer Inspire (DI), a Cars.com company that provides disruptive technology and digital marketing solutions to the automotive industry, recently announced a new OEM agreement with American Honda Motor Co. DI has been selected as a website and technology […] [Read More]

Toyota Motor North America (TMNA) made a pair of executive changes the automaker indicated are designed to help guide the company's vision toward becoming a mobility company. In changes that were effective June 1, Toyota announced Cheryl Hughes, former group vice president and chief HR officer at TMNA, has become group vice president for business […] [Read More]

Nicholas Financial found a way to cheer the close of its 2020 fiscal year since it broke a string of two consecutive years of negative earnings. And the subprime auto-finance company also highlighted how funds from the Paycheck Protection Program generated a positive impact, too. Nicholas Financial reported that its net income for the fiscal […] [Read More]