An InformedIQ study based on a survey of more than 2,500 auto finance professionals finds the majority live in fear of “data hallucinations” as the burden of fraud grows. +
Dealertrack's Credit Availability Index climbed to 101.3 in February, a 6% year-over-year improvement, despite a lower overall approval rate and a widening yield spread. +
Kelley Blue Book’s Erin Keating sees rising ATPs as “more like normalization than a new pricing problem” as MSRPs — and incentive spending — ticked upward in February. +
Back at the helm of TrueCar after a 10-year absence, Scott Painter says he is leading the company in a new direction and challenges dealers to consider the car buying process from Captain Kirk’s perspective. +
Analysts say fewer than half of U.S. dealers are optimistic about the auto retail market in Cox Automotive’s latest Dealer Sentiment Index report, but expectations for the spring are notably higher. +
Experian reports subprime borrowers accounted for 15.3% of U.S. auto finance originations in the fourth quarter, claiming their largest share of the market since 2021. +
Volvo dealers sold 41.7% fewer new units on a year-over-year basis last month, contributing to a nearly 4% overall decline offset by increased sales for Hyundai, Toyota and Honda. +
Citing agent and dealer demand, CornerStone United created Core360 to combine its new and used vehicle service contract programs into one streamlined offering. +
CarEdge’s newly launched Car Dealer Transparency Index was designed to use verified out-the-door quotes to rate dealerships based on the accuracy of advertised prices with no “pay to play” option. +
APCO Holdings announced a series of executive leadership moves, including a chairmanship for CEO Tony Wanderon and the promotion of Christina Schrank to COO. +
