Archive | Auto Industry News

Hyundai Capital America Partners With AutoGravity

IRVINE, Calif. — Hyundai Capital America, which does business as Hyundai Motor Finance, Kia Motors Finance, and Genesis Finance, has joined the AutoGravity car-shopping and financing platform. Beginning in the state of California, financing through Hyundai Capital America is now accessible to AutoGravity users searching for financing for a Hyundai, Kia or Genesis. Since the … Read More »

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TrueCar Partners With Team RWB to Support Old Glory Relay

SANTA MONICA, Calif. — As part of their DrivenToDrive program, TrueCar Inc. has partnered with Team Red, White & Blue in support of the Old Glory Relay, which kicked off in Seattle on Sept. 11 and will end in Tampa, Fla., on Veterans Day, Nov. 11. DrivenToDrive is a program dedicated to helping U.S. military veterans regain their independence and freedom. The Old Glory … Read More »

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Vast Adds Predictive Analytics Feature to CarStory Platform

AUSTIN, Texas — CarStory, the automotive AI platform from Vast, unveiled CarStory Insights, a new feature designed to predict when cars will sell and for how much. CarStory Insights builds on 12 years of data and analytics expertise. Combining this with AI and machine learning, the feature alerts dealers to issues on their lot before they cost them profits. For … Read More »

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Experian: Shift Toward Used Continues in Q2

SCHAUMBURG, Ill. — Car buyers with prime and superprime credit shifted toward used in greater numbers, with used-vehicle loans for both low-risk tiers reaching record highs in the second quarter, according to Experian Automotive. According to the firm, a record 61.02% of prime consumers chose used vehicle loans, up 1.12 percentage points from a year … Read More »

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

NEW YORK — Auto loan defaults in increased nine basis points from July to August, the largest month-over-month increase since December 2011, according to the S&P/Experian Consumer Credit Default Indices. Despite the drop, the auto loan default rate remains low relative to historical levels. In fact, the rate is closer to levels recorded one year … Read More »

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Bill Leek Named President, COO of InterActiveTel

HOUSTON — Telephony solution developer InterActiveTel today announced Bill Leek, former Vice president of sales for Dominion Dealer Services, has joined the company as its new president and COO. Leek will be responsible for leading the entire InterActiveTel organization, as well as maintaining business development partnerships and driving the adoption of InterActiveTel’s suite of communication … Read More »

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