Black Book | Auto Finance News | Page 3 | Auto Finance News - Part 3

Dealers Scramble for Inventory After Harvey

There might not be enough inventory in Texas to satisfy the demand for new vehicles to replace the units lost during Hurricane Harvey, Jerry Liudahl, chief credit officer at Oregon Community Credit Union, told Auto Finance News. “With the natural disasters that are occurring — with the terrible experience in Texas and with what just […]

Regulations Drive EV Market, Residual Value Experts Say [Video]

State regulations — such as California’s requirement that manufacturers sell a certain percentage of zero emissions vehicles — are what’s driving electric vehicle sales today, rather than consumer demand, panelists said at the 2017 Auto Finance Risk & Compliance Summit last month.    “[EVs are] under 3% of the market in terms of manufactured automobiles and essentially regulations […]

OEMs May Raise Incentives on EVs, Experts Say

San Diego — Manufacturers may be forced to highly incentivize electric vehicles to comply with state laws, despite the cars’ continued low residual values, experts said during a panel discussion at the Auto Finance Risk and Compliance Summit last week.  Electric vehicles on the market today have not retained their value, which makes it more difficult for lenders to […]

Steer Clear of These 4 Remarketing Pitfalls

Just this month, top leaders at Black Book announced a downward trend of retention values on used vehicles triggered primarily by new vehicle incentives, interest rates, and a declining demand of certified pre-owned. With projections of a continued weakening of the used vehicle market ahead, and an excess of supply, every dollar counts when remarketing.

Black Book to Power Trade-In Appraisals Through AutoGravity

Black Book will power vehicle trade appraisal within AutoGravity’s multi-lender car financing platform, both online and in the mobile app, a joint press release announced this morning.    Dealers told have told both companies that trade-in appraisals are responsible for “sealing the deal in most sales opportunities,” the release said. AutoGravity has always preached transparency […]

U.S. Auto Debt Hits Record High

Auto loan debt in the U.S. hit record highs in the fourth quarter spurred by year-end incentives for new vehicles that pushed the auto finance industry to a $1.16 trillion peak in 2016, the New York Federal Reserve said in its first quarter 2017 Household Debt and Credit report.   Auto loan debt balances — […]

TFS Taps Tech to Boost Volume of Repeat Lessees

Toyota Financial Services wants to better integrate existing data about current lessees into digital platforms at the dealership level, in order to drive customer loyalty as offlease volume picks up this year, said Matt Haydon, the company’s group manager of retail transformation. “We have a lot of off-lease [volume], and we have a lot of […]
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