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The subprime pullback continued in the second quarter. However, the big news was the continued shift toward used by consumers with prime and superprime credit.
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Despite the nine-basis-point increase, the auto loan default rate remains near levels recorded one year ago. However, declining auto sales and the normal end-of-year push to make room for newer models may encourage easier credit conditions and raise concerns about future defaults.
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Hearst Autos now has a new, permanent office in the Antique Row district of Chamblee, Ga., near Atlanta. According to officials, the overall idea of the new office space was to create an innovative and inspiring environment.
Read More →Automotive Finance Corp. and TradeRev are encouraging dealers to ‘go digital’ by offering zero interest and no floorplan financing fees for 45 days on vehicles bought and sold on TradeRev.
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Michigan’s No. 1 import dealership has moved into a new, state-of-the-art facility in Auburn Hills, Mich. The 27,000-square-foot facility sits on 10 acres and has the capacity to sell and serve more than 500 cars per month.
Read More →Sponsored by F&I Express, the awards program is designed to honor companies and individuals driving innovation in the digital F&I space.
Read More →The former vice president of sales for Dominion Dealer Services will be responsible for leading the entire InterActiveTel organization, as well as maintaining business development partnerships and driving the adoption of the company's suite of communication products.
Read More →Client Command’s new Active Shoppers Network was designed to generate more leads for auto dealers by delivering powerful audience data.
Read More →Former FordDirect executive and 20-year industry veteran John Gottschalk has joined LotLinx as senior vice president of client relationships.
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U.S. Transportation Secretary Elaine Chao released a new set of voluntary federal guidelines for autonomous vehicles on Sept. 12 — a move the Trump administration said will make federal regulatory processes "more nimble to help match the pace of private sector innovation."
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