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The used-car market got a bit stronger in October. Total used-car sales climbed approximately 1.4% from October 2018, according to Cox Automotive, which estimated the seasonally adjusted annualized rate for used-car sales at 39.6 million for the month. That beats the year-ago reading of 38.1 million, but is down from 39.8 million in September. However, […] [Read More]

The fourth quarter began with a double-digit climb in bankruptcies, again aided by changes in federal laws. According to data provided by Epiq Systems, the American Bankruptcy Institute (ABI) reported this week that total U.S. bankruptcy filings came in at 67,806, representing an 11% increase from the September total of 61,132 filings. Officials also noted […] [Read More]

Remarketers and dealers reselling vehicles without first erasing consumer data captured in onboard computers and convenience systems may put themselves at risk of violating consumer protection laws, said an expert in automotive-vehicle consumer data removal and consumer privacy protection. Andrea Amico, founder of Privacy4Cars.com, said privacy issues continue to surface and get increasingly more protective […] [Read More]

It doesn’t take much of a vehicle repair to surpass a cost of $400, especially with how complex vehicle systems are nowadays. And for a notable segment of the U.S. population, that potential repair cost would pose a major problem on the family budget, reinforcing the value of products sold in the F&I office. According […] [Read More]

Through the Tribute 2 Veterans presented by Autotrader program, friends and family of former service members can submit a veteran’s name to be featured on the No. 2 Autotrader Ford Mustang during the March 2020 race weekend at Atlanta Motor Speedway. Brad Keselowski will pilot the vehicle, and Brad Keselowski’s Checkered Flag Foundation and Autotrader […] [Read More]

Axis Auto Finance originated $1 million in new loans in a single day. The milestone, which took place at the end of September, was a single-day originations record for the company. The record highlights the culmination of 12 months of integration and sales platform build-out at Axis, the company said. In addition to allowing the […] [Read More]

Perhaps this Experian data can be a guide for finance company collection departments and recovery operations as to the locations where more resources might be needed and locales where resources could be scaled back. Experian recently identified the top 25 cities with the highest and lowest ratios of delinquent credit accounts as of the second quarter. […] [Read More]

Along with three other separate solution launches, FICO also highlighted during its largest annual event this week a jointly developed data decisions cloud suite that’s been completed with the team at Equifax, a member of the Automotive Intelligence Council. The full suite demonstrated at FICO World 2019 included the cloud-based Data Decisions Connected Platform and […] [Read More]

During a presentation at J.D. Power’s Auto Revolution conference here last month, Paul Warburton — who is head of connected automotive and mobility at Fujitsu America — shared data from his company indicating that, “we’re going to be moving toward mega-cities.” Specifically, a Fujitsu Megatrends report projects that nearly two-thirds of the global population will […] [Read More]

Eighty-eight percent of drivers according to a recent survey would give themselves a grade of A or A+ for their driving skills. But 80% admit to speeding because of an “inadvertent lead foot.” The study is from Onlia, which offers digital insurance and a mobile app that coaches and rewards Canadians for driving safely. According […] [Read More]