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 ... 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. ... 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 ... 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 ... 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 ... Read More » Tags: , ,

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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 ... Read More » Tags: , ,

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