Joe Overby, Senior Editor

The willingness of the car shopper to buy a vehicle entirely online is starting to grow, including the often complicated financing piece of the transaction. According to survey data from Chase Auto Finance, 47 percent of Americans said they’d be willing to take care of the entire car-buying process online.... Read More

Joe Overby, Senior Editor

Online used-car marketplace Instamotor said Tuesday that financing is now available through its platform. Instamotor is working with direct-to-consumer auto finance companies to secure the financing for its customers, who now will be able to buy a vehicle and apply for/receive financing for the purchase through the same... Read More

AuSM Staff

Fast-food restaurants and gas stations often are open 24 hours a day. Darwin Automotive is aiming to provide a way that dealerships’ F&I offices can enjoy the same kind of availability. F&I software provider Darwin Automotive recently released what the company dubbed Darwin Online, a patented digital... Read More

AuSM Staff

Ally Financial announced today that ClearGuard, which provides protection coverage of up to $2,500, is now standard on all eligible vehicles dealers sell via its online wholesale vehicle auction platform SmartAuction. This news comes on the heels of this week's National Remarketing Conference, presented... Read More

AuSM Staff

Differences in the execution of the digital application process has contributed to a significant performance gap between top and bottom performing lenders, says J.D. Power’s latest U.S. Consumer Financing Satisfaction Study. The study measures overall customer satisfaction in the following categories: billing... Read More

Ray Kingman , Semcasting, Inc.

With apologies to Elon Musk, Google’s self-driving car initiative and even the rumored Apple car, Silicon Valley isn’t going to outperform Ford, GM, or Toyota on the assembly line. Mass producing cars just isn’t a core competency of Silicon Valley. What Silicon Valley excels at is disrupting... Read More

Joe Overby, Senior Editor

Ally Financial said Tuesday it is increasing the amount it is providing Carvana to finance retail contracts by $1.4 billion. Back in January, Ally had initially committed to provide $600 million for retail financing for the online car-buying platform; over the next 12 months, that figure will increase to $2... Read More

Lease payments becoming even more attractive

AuSM Staff

It’s the decision consumers who acquire a new vehicle must make in order to have a payment that fits their budget. Stretch the traditional installment contract out to nearly 72 months or take on a lease for about half of that time. Perhaps what’s good news for dealership customers and their used-car... Read More

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