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Finance

226  -  250  of  2168

July 11, 2017 - Industry News

GWC Warranty Promotes Pratt to VP

Wendy Pratt has been elevated to the role of associate vice president of strategic alliances for GWC Warranty.

July 11, 2017 - Industry News

Experian Adds ‘Text for Credit’ Financing Option

Experian’s latest innovation was designed to allow car buyers to obtain real-time credit decisions via text message.

July 10, 2017 - Industry News

Manheim Index Reaches Record High in June

It was the second consecutive month that Manheim Used Vehicle Value Index reached a record high. Officials said strong retail demand for recent model-year used vehicles is encouraging dealers to buy more vehicles at auction, and the increased demand is more than offsetting the high supply.

Tags: Cox Automotive, Manheim, Manheim Index, new-vehicle sales, used-vehicle values, wholesale values

July 10, 2017 - Industry News

CFPB Issues Rule Banning Arbitration Clauses in Finance Contracts

The new rule is set to take effect 60 days after publication in the Federal Register. It comes more than two years after the bureau studied mandatory arbitration clauses and one year after it proposed to ban such clauses in consumer finance contracts.

Tags: arbitration agreements, auto finance, CFPB, CFPB study, compliance

July 7, 2017 - Industry News

O’Loughlin Joins Compliance Summit Roster as Featured Speaker

Attorney, compliance expert and former regulator Terry O’Loughlin will deliver a featured presentation devoted to Rules and Regulations at the upcoming Dallas Compliance Summit.

Tags: compliance, Compliance Summit, Reynolds & Reynolds, Terry O'Loughlin

July 7, 2017 - Industry News

O’Loughlin to Deliver Keynote Address at Industry Summit

Attorney, compliance expert and former regulator Terry O’Loughlin will deliver the opening luncheon keynote address to attendees of Compliance Summit, Lender Summit and the P&A Leadership Summit.

July 6, 2017 - Industry News

Edmunds: Term Lengths Stretch to All-Time High in June

At a record 69.3 months, average new-vehicle finance terms have stretched 6.8% from five years ago. The average amount financed and average monthly payment also registered new highs.

Tags: average finance amount, average term, average transaction price, Monthly Payments

July 6, 2017 - Industry News

VW Credit Invests in AutoGravity

With its announced investment, Volkswagen’s captive finance company joins the automotive fintech firm’s mobile car shopping and financing platform. VW Credit also launched its own AutoGravity-powered smartphone app.

Tags: auto finance, AutoGravity, captive, digital retailing, online F&I, Volkswagen Credit

July 5, 2017 - Industry News

International Nameplate Dealers Record Fourth Straight Sales Dip

The nation’s 9,600 international nameplate franchises registered their fourth straight sales decline in June, but the association representing them said dealers are feeling confident about the second half of 2017.

Tags: American International Automobile Dealers Associat, new-vehicle sales, transaction prices

July 5, 2017 - Industry News

Greg Goebel to Address Industry Summit and PALS

Special finance guru Greg Goebel will deliver the evening keynote address to a combined audience of Industry Summit and P&A Leadership Summit attendees.

Tags: DealerStrong, Greg Goebel, Industry Summit, special finance, Special Finance Conference

July 5, 2017 - Industry News

New-Car Transaction Prices Grow Less than 2% in June

Transaction prices grew slower than usual for the month of June, rising 1.5% from a year ago to $34,442. Transaction prices for popular categories like full-size trucks and mid-size cars were flat, while the average for a compact SUV rose only 1%.

June 30, 2017 - Industry News

NMAC President Named Infiniti Executive

Pictured is Mark Kaczynski, former president of Nissan Motor Acceptance Corp.

Mark Kaczynski, president of Nissan’s captive finance company since December 2011, was named vice president of administration and finance for the automaker’s Infiniti luxury brand. Replacing him as president of NMAC is Nissan Canada Finance’s Kevin Cullum.

Tags: auto finance, captive finance, Kevin Cullum, Mark Kaczynski, Nissan Motor Acceptance Corp.

June 30, 2017 - Industry News

Portfolio Earns 10th Straight Top Ranking in Dealers’ Choice Awards

Portfolio’s victory continues a remarkable run for the only reinsurance provider to earn a Dealers’ Choice Award in every year since the program began in 2008.

June 29, 2017 - Industry News

Ganther to Serve as Featured Speaker at Dallas Compliance Summit

Attorney and Mosaic Compliance Services cofounder Jim Ganther will deliver a featured presentation on Easy-to-Implement Processes and Controls at Compliance Summit in September.

Tags: CFPB, CMS, complaint management system, compliance, compliance management system, Compliance Summit, digital retailing, Industry Summit, James Ganther, online F&I

June 28, 2017 - Industry News

Bankrate Lists Top 10 Affordable Car Towns

Bankrate’s latest Car Affordability Survey finds Washington, D.C., is the most affordable city in which to buy a new car.

June 27, 2017 - Industry News

J.D. Power/LCM: June SAAR Expected to Fall to Five-Year Low

Despite record incentive spending, the auto industry is on pace to record its weakest first-half sales performance since 2014, according to the two firms. Days to turn remained at 70 through June 18, the highest level since July 2009.

Tags: days to turn, fleet sales, Forecast, incentive spending, new-vehicle sales, SAAR

June 26, 2017 - Industry News

SouthwestRe Wins Gold in 2017 Dealers’ Choice Award

SouthwestRe took home the Gold award in the Service Contract Reinsurance category in this year's Dealers’ Choice Awards.

June 26, 2017 - Industry News

CarMax Looks to Expand Digital Retailing Push

The pre-owned dealer group’s online prequalification portal played a key role in its captive finance company's 7% increase in first-quarter originations. The group is currently testing a home-delivery service as well as an online vehicle appraisal tool.

Tags: auto finance, CarMax, CarMax Auto Finance, digital retailing, online F&I

June 23, 2017 - Industry News

IPPI to Offer 1st Equity Payment Plan in Texas

1st Equity becomes one of two independent monthly budget payment brands available in the Lone Star State.

June 22, 2017 - Industry News

John 'The F&I Professor' Vecchioni to Emcee Industry Summit

American Financial’s John Vecchioni will return to Industry Summit as the event’s master of ceremonies.

Tags: American Financial & Automotive Services, F&I Think Tank, F&I training, Industry Summit, John Vecchioni

June 22, 2017 - Industry News

SF Conference Returns to Industry Summit

Industry Summit will once again play host to the Special Finance Conference, the industry’s premier SF training event.

Tags: auto finance, Greg Goebel, Special Finance Conference, subprime, used-vehicle sales

June 21, 2017 - Industry News

Dealertrack to Open New Headquarters

Dealertrack’s new, LEED-specified building will house 600-plus employees and an enviable range of amenities designed to promote productivity, health and wellness.

June 21, 2017 - Industry News

Van Over to Serve as Luncheon Speaker at Compliance Summit

Veteran trainer and compliance expert Gil Van Over will deliver a luncheon presentation dedicated to ‘Your Responsibilities’ at Dallas Compliance Summit in September.

June 20, 2017 - Industry News

US Equity Advantage Earns Dealers’ Choice Award

US Equity Advantage won the first-place Diamond award in the Biweekly Payments category for the third straight year.

June 20, 2017 - Industry News

S&P/Experian: Concerns About Subprime Auto Bubble ‘Seem to Be Behind Us’

Auto loan defaults fell to a 10-year low in May, squashing concerns about a forming subprime auto loan bubble. But not all consumer credit categories were a picture of health in May.

Tags: auto finance, default rates, F&I office