New vehicle sales decline

New vehicle sales are on the slide in the first months of 2019, according to research by TrueCar’s data and analytics subsidiary ALG. It estimates that 1,570,365 units were sold in March, down¬ 1.5% from a year ago, when adjusted for the same number of active selling days in 2018. The seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 17 million units for the year.

New vehicle sales decline

Apr 15, 2019

New vehicle sales are on the slide in the first months of 2019, according to research by TrueCar’s data and analytics subsidiary ALG. It estimates that 1,570,365 units were sold in March, down¬ 1.5% from a year ago, when adjusted for the same number of active selling days in 2018. The seasonally adjusted annualized rate (SAAR) for total light vehicle sales is an estimated 17 million units for the year.

Online car shopping focuses on apps, not desktop

Online car buying websites are prioritising smartphone apps rather than the desktop experience, according to research from J D Power. Its study finds that consumer satisfaction with their experience on a smartphone has dramatically increased while desktop satisfaction declines.

Online car shopping focuses on apps, not desktop

Apr 15, 2019

Online car buying websites are prioritising smartphone apps rather than the desktop experience, according to research from J D Power. Its study finds that consumer satisfaction with their experience on a smartphone has dramatically increased while desktop satisfaction declines.

IAFN reshapes leadership team as it prepares for future growth

The International Asset Finance Network (IAFN) has announced changes to its senior team as it prepares for future growth. IAFN was founded in 2013 by Edward Peck (pictured), chief executive officer of Asset Finance International, consulting editor Brian Rogerson, and Professor Colin Tourick, a specialist in the automotive fleet and asset finance markets. Since its first conference in 2014, it has grown to become the largest asset finance conference in Europe. Under the management changes, Asset Finance International will acquire Tourick’s 50% interest in IAFN.

IAFN reshapes leadership team as it prepares for future growth

Apr 10, 2019

The International Asset Finance Network (IAFN) has announced changes to its senior team as it prepares for future growth. IAFN was founded in 2013 by Edward Peck (pictured), chief executive officer of Asset Finance International, consulting editor Brian Rogerson, and Professor Colin Tourick, a specialist in the automotive fleet and asset finance markets. Since its first conference in 2014, it has grown to become the largest asset finance conference in Europe. Under the management changes, Asset Finance International will acquire Tourick’s 50% interest in IAFN.

EMEA

Companies unprepared for launch of Ultra-Low Emissions Zone in London

Apr 02, 2019

Thousands of businesses could face millions of pounds in unexpected costs from next week as London launches its Ultra-Low Emission Zone, new research warns. Many small businesses are totally unprepared for the introduction of the charge, which will see some vans charged up to £4,500 a year to enter the zone if they don’t meet strict emissions standards. According to Europcar Mobility Group, 50% of small businesses have yet to make plans and one in eight don’t know what vehicles face penalties under the ULEZ.

Americas

Experian challenges auto lending delinquency concerns

Apr 08, 2019

Research consultancy Experian has questioned recent dire warnings about vehicle affordability and delinquent loan volume, saying it is important to consider the wider market context when making assessments. Melinda Zabritski, Experian’s senior director of automotive financial solutions, says that with more car shoppers using automotive financing options, it’s natural to see an uptick in the volume of delinquent loans. She added: “Lenders need to factor in additional historical trends, such as the percentage of sub-prime loan originations and shifting payment options, to gain a more complete picture and make the right lending decisions.”

Asia Pacific

Hyundai and Kia invest $300m in India’s largest mobility service provider Ola

Mar 19, 2019

Hyundai Motor Group has announced a $300 million investment into Uber-rival Ola, as the car manufacturer expands into providing mobility solutions and related fleet services. The agreement will see Hyundai, Kia and Ola collaborate on developing fleet and mobility solutions by building India-specific electric vehicles and support services, as well as helping Ola attract new drivers to the platform. As part of the strategic collaboration, the companies will jointly develop services to operate and manage the Ola fleet, as Hyundai Motor Group expands its operations from automobile manufacturing and sales to mobility services and total fleet solutions.