Credit Approvals See Significant Rebound from April Rates

CINCINNATI, OHIO (June 18, 2020) – Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a…

Beep among initial participants selected to promote the safe development and testing of autonomous vehicles across the United States

Beep, an Orlando-based autonomous shuttle service provider, is among 17 initial participants selected by the United States Department of Transportation  (USDOT) and the National Highway Traffic Safety Administration (NHTSA)  for the Automated Vehicle Transparency and…

View the latest COVID-19 data report from PureCars.

Background: We’re far from “all clear” but evidence of COVID fatigue is everywhere you look. Depending on where you live, you can either step…

Partnership will enhance payment capabilities for lenders and finance companies across the Inovatec system…

New brand performance sales data from PureCars illustrates which brands, models and new vs. used saw the biggest sales during the period of May 22 - May 28. 

Breakdown of Brand % of Sales May 22 - May 28

Brand  % of Sales

1: Ford  14%

2: Toyota 11%

3: Chevrolet 11%

4: Honda 8%

5: Jeep 6%

6: Nissan 4%

7: Subaru 4%

8: Hyundai 4%

9: GMC 5%

10: Kia…

Online Training Program Helps F&I Personnel Elevate Skills to Improve Profit and Customer Satisfaction Levels

CHESTERFIELD, MO (May 20, 2020) – Protective Asset Protection, a leading provider of F&I programs, services and dealer owned warranty company programs, has made available its library of professional development training courses to all dealership personnel and agents. This…

The Trusted Information Security Assessment Exchange Certification is the Automotive Industry Standard for Information Security

Inovatec, a cloud-based software solutions provider, today announced that it has been awarded the Trusted Information Security Assessment Exchange (TISAX) Certificate for meeting compliance with stringent information security requirements. TISAX Assessments are conducted by accredited audit providers that demonstrate…

Here is the latest COVID-19 report for auto dealers, filled with data and insights from PureCars that shows that continued impact the pandemic is having on the industry, tips to help dealers make the right decisions for their business, and trends that show where dealers in some of the earliest and hardest-affected states are now showing positive signs. …

Lease Approval Ratings and Consumer Shopping Habits Shift Amongst COVID-19 Pandemic

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 69.3% approval rate in March, a slight decline from the February rate of 72.3%.

March experienced a higher number of applicants with qualifications…

Given the unprecedented climate that has taken place resulting from the COVID-19 outbreak and containment efforts, we have received a large number of questions in regards to how this event impacts credit reporting particularly given the recent…

Majority of Finance Executives Report Deficiency in Sophisticated Systems to Help Manage Complex Loans and Transactions

BURNABY, BC (April 16, 2020) - Inovatec Systems Corp., a provider of industry-leading, cloud-based software solutions for all financial institutions, today announced the results of its latest survey, showing 61% of executives who finance equipment reported their organization lacks modern process management…

Thu, Apr 23, 2020 2:00 PM - 3:00 PM EDT

About:

Join PureCars Founder and CEO, Jeremy Anspach, as he sits down with fellow thought leaders David Kain and Rick Ricart to discuss what recovery looks like for auto dealers as we begin to look toward re-opening from the COVID-19 Crisis. Jeremy, David and Rick will discuss the bold strategies that are paying off big for…

The COVID-19 has impacted virtually every aspect of personal and business life including the credit reporting marketplace.  The recently signed CARES Act includes measures related to reporting information during these times. The automotive industry is responding by leveraging credit reporting codes that are available for times of disaster to help mitigate the potential negative impact of late, missed, or deferred auto loan payments.…

Automotive dealer advertising and attribution technology provider, PureCars, just released its weekly COVID-19 Dealer Report for the week of April 10, 2020. It is the third installment of its weekly report. The report offers weekly data insights on shopper trends to help auto dealers make up-to-the-minute decisions that are best for their business. Please …

F&I program provider, Protective Asset Protection, is making the following proactive measures to assist dealers and lenders currently during the COVID-19 outbreak and containment efforts. 

Dealers and lenders continue to face great challenges as the nation continues to try to contain the COVID-19 outbreak. Here are several ways Protective is trying to help:…

Automotive Manufacturers Offer Aggressive Lease Deals on Many Vehicles Amidst Sales Slump in Response to COVID-19

Wantalease.com, the nation’s first online marketplace for new lease deals, reports the latest update on new lease offerings for the month of March.  Several brands offered significant discounts on mid-size cars and SUVs, likely a result of falling sales due to COVID-19. OEM’s are offering aggressive deals on lease payments to attract shoppers and…

As the Novel Coronavirus continues to spread and reports of hand sanitizer and toilet paper shortages increases, our team wanted to do something to help support car dealerships that have recently shut down their showrooms.

After many discussions with clients & partners, the team created materials for dealerships that don't have the internal marketing staff or resources to update their website and enhance their customer communications.

Free…

The Driverless Shuttle Will Begin Its First Routes in Arizona on the Weekend of February 22nd

 Beep, a Florida-based autonomous mobility solutions company, announced today its first expansion out of the state of Florida into the city of Peoria, Ariz. The city will launch Robo Ride, a pilot program with Beep, that will begin routes on Saturday, February 22^nd, and will operate daily from noon to 6…

NAVYA (FR0013018041- NAVYA), a leading company in autonomous driving systems, recently received the 2019 Global Autonomous Shuttle Product Leadership Award from Frost & Sullivan.

NAVYA’s proven track record, recently acknowledged by the RTA Dubai World Challenge as the designer and maker of the most reliable fully electric autonomous shuttle with the best consumer experience, enabled the innovative company’s rise to the top among the independent analysts from Frost &…

Lease Approval Ratings Dip to 70% in January, a Slight Decrease from December

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 70% approval rate in January, a decrease from the December rate of 72%.

January experienced a slightly lower number of applicants with qualifications for taking over another person’s lease contract during the month, registering at -2% fewer approvals than the month of December. …