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NewsDecember 19, 2016

AutoBase Customers to Gain Access to Flick Fusion's Video Marketing Platform

Flick Fusion has announced a partnership with AutoBase that will allow users of the company's inventory merchandising solutions to create and distribute inventory videos, personalized walkaround videos, dealership value proposition videos, customer testimonial videos and more.

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NewsDecember 19, 2016

Carvana Partners With Two Georgia Credit Unions

In two separate announcements, Carvana today announced that it has partnered with Associated Credit Union and LGE Community Credit Union to offer their members access to certified and competitively priced vehicles through an online car-buying experience.

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Articlesby Tom HudsonDecember 19, 2016

Physician, Heal Thyself

The CFPB’s inability to master the basic vocabulary of automotive finance does a disservice to the consumers whose interests it is charged with protecting.

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Articlesby JimDecember 16, 2016

Sexual Harassment in the Dealership

Improper and hostile workplace behavior takes many forms, and ignorance is no excuse.

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NewsDecember 15, 2016

Subprime Car Buyers to Feel Fed's Rate Hike, Analyst Says

For the second time in 10 years, the Federal Reserve's Federal Open Market Committee unanimously voted to raise the federal interest rate on Dec. 14. The impact of the rate hike should be minimal for all but one consumer segment, a Black Book analyst says.

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NewsDecember 15, 2016

Equifax Adds Income, Employment Verification Tools

In addition to confirming basic income and employment information, dealers can now use this new verification technology to view an applicant's job tenure, officials said.

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NewsDecember 15, 2016

NADAUCG: Wholesale Prices Fall More Than Expected in November

Wholesale prices for vehicles up to eight years in age depreciated more than expected last month, falling 3.3% on a monthly basis. That’s more than double the 1.4% average drop recorded during November the past three years, according to the NADA Used Car Guide.

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NewsDecember 15, 2016

AutoGravity Unveils Vehicle Financing App

Add AutoGravity to the growing list of firms looking to digitize the finance portion of the car-buying process. The fintech firm unveiled today a mobile app that will allow California car buyers to secure vehicle financing or a lease.

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NewsDecember 15, 2016

SouthwestRe Looking to Add Agents in 2017

SouthwestRe announced plans to aggressively expand into new territories beginning in 2017. The company is now recruiting independent agents to support this effort throughout the continental United States.

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NewsDecember 14, 2016

Subprime Borrowers, Expected Interest Rate Hikes to Drive Up Delinquency Rates in 2017

Transunion projects the auto loan delinquency rate for consumers with payments 60 or more days past due to close the year at 1.4%, the highest level since year-end 2009. Even with this increase, TransUnion said delinquency rates will remain well below levels observed during the last recession.

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