Auto Default Rate Registers Largest Increase Since 2011 Click to view online.

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September 20, 2017
Hyundai Capital America Partners With AutoGravity

Beginning in the state of California, financing through Hyundai Capital America is now accessible to AutoGravity users searching for financing for Hyundai, Kia or Genesis.




S&P/Experian: Auto Default Rate Registers Largest Increase Since December 2011

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.




Experian: Shift Toward Used Continues in Q2

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.




TradeRev, AFC Partner for Zero-Interest Floorplan Promotion

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.




Jumpstart: Interest in Luxury Sport, Coupe Segments Growing

Shoppers on Jumpstart Automotive Media’s portfolio of automotive publishers are gravitating toward the luxury sport, coupe, luxury sport sedan, and large SUV categories. But the two segments grabbing the most attention are alternative fuel vehicles and subcompact SUVs and CUVs.


Gubagoo Debuts Outbound Texting Capability

Gubagoo has launched Outbound Texting, a new feature designed to add permission-based SMS texting to the company’s ResQ mobile and desktop app.


Vast Adds Predictive Analytics Feature to CarStory Platform

CarStory Insights is a new feature that adds predictive analytics functionality to Vast’s artificial intelligence platform.


RoadVantage’s New Preferred LeaseCare Combines Active Protection With Lease-End Benefit

The new program combines the ‘as you drive’ benefits of the F&I product provider’s ancillary products, including dent-and-ding, windshield repair, interior/exterior repair, and key replacement, with a lease-end benefit.


Gubagoo Adds Credit Check Capability to Live Chat

Gubagoo’s new Credit Pre-Qualification feature is designed to provide dealers with rich data they can use to prequalify customers during an online chat session.


Hearst Autos Sets Up Shop in Atlanta

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.


TrueCar Partners With Team RWB to Support Old Glory Relay

TrueCar and Team Red, White & Blue have partnered to support Old Glory Relay, a 4,600-mile journey across America that will deliver a free van to a deserving veteran or active military member.


<p><em>Getty Images</em></p> Oink, Oink

Can damages exist without evidence? Hudson retells the story of a New Jersey dealer who stood up to charges of concealing a salvage title - and won.


<p><em>Getty Images</em></p> The Augmented Reality We Work In

Learn how new visualization tools can facilitate repair estimates.



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David Gesualdo
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dgesualdo@mgigusa.com