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December 14, 2017 - Industry News

Fed Reserve Raises Interest Rates

One industry analyst said the quarter-point hike will result in new-vehicle sales dropping below 17 million units in 2018, noting that the Fed Reserve’s previous three increases are responsible for fewer new leases and this year’s shift from new to used.

Tags: auto finance, auto loan, F&I office, Federal Reserve, interest rates

August 21, 2014 - Industry News

Outstanding Auto Loan Balances Reach Record High, Experian Reports

The total dollar amount of automotive loan balances outstanding hit $839.1 billion in the second quarter of 2014, up 11.7% from the previous year. Officials said the industry should watch this trend closely, as it may dictate the availability of credit in the future.

Tags: auto loan, delinquencies, Experian Automotive, Second Quarter

February 6, 2014 - Industry News

Ristken Integrates US Equity Advantage’s Biweekly Payment Offering

Dealers using Ristken’s Menu-Pro will not be able to quote US Equity Advantage’s biweekly payment product directly from the menu tool.

Tags: auto loan, F&I menus, Ristken, US Equity Advantage

March 28, 2013 - Industry News

TransUnion: Credit Unions Focused on Growth in 2013

A new survey from TransUnion indicates that credit union execs are targeting auto loans to fuel their growth this year. One reason cited by executives is delinquencies remain at historic lows.

Tags: auto loan, automotive, credit unions, delinquencies, TransUnion

March 26, 2013 - Industry News

Shastic Doubles Social Loan Calculator Client Base

Usage of Shastic’s social loan calculator is picking up, with the Berkeley-based company expanding its client base by 66 percent in the first quarter of 2013. Auto loans so far account for 49.4 percent of usage of the company’s Calcubot.

Tags: auto finance, auto loan, Calcubot, digital marketing, Finance, loan, mortgage, Shastic

February 14, 2013 - Industry News

Missouri Man Charged in Million Dollar ID Theft Scam

Missouri Attorney General Chris Koster and Jackson County Prosecutor Jean Peters Baker charge man in million-dollar identity-theft scam involving fraudulent car loans. If convicted, the man could face life in prison.

Tags: attorney general, auto loan, car loan, charge, Chris Koster, fraud, identity theft, Missouri, prison, scam

February 14, 2013 - Industry News

FTC: 5 Percent of Consumers Have Erroneous Credit Reports

A new FTC study on credit report accuracy found that one in five consumers had an error on at least one of their credit reports.

Tags: auto loan, automotive, consumer, Credit, Credit Report, error, FTC, insurance

October 18, 2012 - Industry News

S&P/Experian: Auto Loan Default Rate Rises in September

Auto was the only loan type to show an increase in its default rate, but officials with the S&P/Experian Consumer Credit Default Indices don’t seem concerned.

Tags: auto defaults, auto loan, Auto Loans, Credit, default rates, S&P/Experian

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