AutoCanada finished fiscal year with revenue up, used-car sales down
Thursday, Mar. 14, 2024, 10:52 AM
Used EV prices fall 32% at retail, 15% in wholesale
Wednesday, Mar. 13, 2024, 04:54 PM
New TD Auto Finance executive to focus on expansion in OEM sector in new sales, strategy position
Tuesday, Mar. 12, 2024, 12:15 PM
Premium Articles
2 trucks among top 10 new models leased in Q2
Monday, Sep. 9, 2019, 07:26 PM
Auto Remarketing Staff
You might need sharp eyes to notice, but Experian spotted an extremely slight decline in the volume of new-vehicle leasing booked during the second quarter. Analysts also pinpointed the top 10 models generating the most leasing volume in Q2. And two of the vehicles can be seen pretty easily in a driveway or parking lot. […] [Read More]
Affordability impacts latest Black Book wholesale index, too
Thursday, Sep. 5, 2019, 04:21 PM
Auto Remarketing Staff
Experian’s latest quarterly data report again mentioned how consumer affordability is impacting auto-finance metrics. And consumer affordability also impacted Black Book’s Used Vehicle Retention Index for August. This week, analysts released their latest index reading, which showed that August posted a 1.4% lift on a sequential basis. The index came in at 116.6, up from […] [Read More]
Consumer bankruptcies continue on upward track in August
Thursday, Sep. 5, 2019, 03:40 PM
BHPH Report Staff
While the year-over-year comparison showed a decrease in consumer filings, the American Bankruptcy Institute (ABI) found that individuals seeking this financial protection climbed again in August. According to data provided by Epiq Systems, consumer bankruptcy filings rose on a sequential basis in August as there were 63,141 consumer filings. That figure is 4% percent higher […] [Read More]
3 findings from Synopsys and Ponemon study on security practices and challenges
Wednesday, Sep. 4, 2019, 03:52 PM
Auto Fin Journal Staff
A recent survey by Synopsys further reinforced the challenge the financial services industry is having with maintaining its cybersecurity and other matters related to fraud and the compromising on consumer data. Based on a survey of global financial services organizations conducted by Ponemon Institute, Synopsys’ report highlighted the industry’s security posture and its ability to […] [Read More]
August data shows providers held the line on term, down payment, amount financed
Wednesday, Sep. 4, 2019, 03:49 PM
SubPrime Auto Finance News Staff
The latest data from Edmunds confirmed that finance companies are trying to hold firm on term, down payment and total amount financed in an effort to remain within their underwriting parameters and mitigate risk. Edmunds’ August data did show some marginal rises in term and total amount financed year-over-year for used-vehicle and new-vehicle financing, but […] [Read More]
Labor Day sales likely to impact wholesale price trends for remainder of 2019
Tuesday, Sep. 3, 2019, 06:48 PM
Auto Remarketing Staff
Black Book’s team of analysts are looking to see how much used metal dealerships turned during Labor Day weekend to get a better handle on how wholesale prices might move during the remainder of the year. Heading into the holiday sales stretch, the Black Book Market Insights report showed wholesale values didn’t change much as […] [Read More]
Study: 56% of US businesses not fully prepared to meet CCPA requirements
Tuesday, Sep. 3, 2019, 04:28 PM
SubPrime Auto Finance News Staff
The California Consumer Privacy Act (CCPA) certainly is complicated. It’s why an entire panel discussion about it was conducted during this summer’s Automotive Intelligence Summit. Furthermore, a recent PossibleNOW study showed 56% of U.S. businesses polled reported they do not expect to be fully prepared to meet CCPA requirements by the Jan. 1 date of […] [Read More]
Americans care about health … of their vehicles
Friday, Aug. 30, 2019, 05:31 PM
Auto Remarketing Staff
Fifty-seven percent of respondents to a recent survey say they service their vehicle more often than they see a doctor. Teeth don’t fare much better. Sixty-three percent of respondents to the national survey — conducted by Cars.com — say their vehicle service departments get more visits from them than their dentist. The main message of […] [Read More]
Used-vehicle sales likely to reach near 3.4M units in August
Wednesday, Aug. 28, 2019, 05:34 PM
Joe Overby, Senior Editor
Based on a pair of projections released by industry observers on Wednesday, August used-vehicle sales should reach somewhere in the neighborhood of 3.4 million units. At TrueCar’s ALG business unit, analysts are projecting 3.35 million used-car sales this month, which would be a 0.2% decrease from August 2018. It would be steady with July, ALG said. […] [Read More]
Overbearing tech alerts could threaten adoption of fully automated vehicles
Tuesday, Aug. 27, 2019, 07:25 PM
Auto Remarketing Staff
Kristin Kolodge says alerts from vehicle technology such as lane-keeping and centering systems should not come across as a “nagging parent.” “No one wants to be constantly told they aren’t driving correctly,” said Kolodge, who is executive director of driver interaction and human machine interface research at J.D. Power. “Automakers are spending lots of money […] [Read More]