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June 6, 2017 - Industry News

CUDL: Subprime Pullback Opens Door for Credit Unions

With banks retreating from all risk tiers, an executive with CU Direct Lending said the auto finance market is primed for credit unions to pick up more share. In the first quarter, credit unions grew their share of the market by 4%.

Tags: auto finance, credit unions, CU Direct, special finance, subprime, used-vehicle financing

March 2, 2017 - Industry News

Experian: Total Balances, Amount Financed Reach Record Highs in Q4 2016

The firm today reported that average amounts financed for new and used reached record highs of $30,621 and $19,329, respectively. Total balances also reached a record high, although Experian observed a slowing in year-over-year growth.

Tags: auto finance, deliquencies, Experian Automotive, leasing, new-vehicle financing, used-vehicle financing

August 26, 2015 - Industry News

AUL Corp. Named to 'Best Places to Work in the North Bay’ List

AUL Corp. was named one of the North Bay Business Journal’s ‘Best Places to Work in the North Bay,’ the second time the provider of used-vehicle service contracts has earned the distinction.

Tags: AUL Corp., F&I manager, F&I process, F&I products, used-vehicle financing, used-vehicle sales

July 2, 2013 - Industry News

June Used-Vehicle Sales Up, Transactions Prices Down, CNW Reports

Franchised dealers are expected to realize a 3.35 percent increase in used-vehicle sales, while independents should be up 3.82 percent, CNW said today.

Tags: CNW Research, used-vehicle financing, used-vehicle sales, used-vehicle values

June 4, 2013 - Industry News

May Transaction Prices for Used Vehicles Drop 5.2 percent, CNW Reports

Used-car buyers are leaving their markets in greater numbers to locate the vehicles they want and at the right price. In May, CNW spotted a 32.6 percent increase in the number of used vehicles acquired outside of the buyer’s DMS.

Tags: CNW Research, used-vehicle financing, used-vehicle sales, used-vehicle values

March 2, 2012 - Industry News

Manheim Completes Acquisition of Dealer Services Corp.

Manheim announced it has completed its planned purchase of Dealer Services Corporation, a used-vehicle floorplan company for independent dealers that’s based in Carmel, Ind.

Tags: Acquisition, Dealer Services Corporation, Floorplan Financing, Manheim, used vehicles, used-vehicle financing

December 8, 2011 - Industry News

Bank of America, DataScan Launch Used-Car Buying Website

Bank of America and DataScan Field Services have launched a new Website that will provide used-car buyers with everything they’ll need to complete a vehicle purchase online.

Tags: Bank of America, DataScan Field Services, internet sales, Internet Shopper, PRNDL.com, used vehicles, used-vehicle financing

October 18, 2011 - Industry News

Asbury Secures $900 Million Credit Facility

Asbury Automotive Group Inc. announced that it has entered into a $900 million credit facility that will provide up to $625 million for new-vehicle inventory floorplan financing and up to $100 million for used vehicle inventory floorplan financing.

Tags: Asbury Automotive, Credit, Floorplan Financing, new-vehicle financing, used-vehicle financing

October 29, 2009 - Industry News

Copart and Dealer Services Corp. Integrate Systems

Copart Inc., an online vehicle auction company, has integrated Dealer Services Corporation (DSC), an independent used-car financing company, into its Website, www.copart.com, allowing Copart members to select and pay for vehicles by accessing their DSC account.

Tags: Auto Auctions, used-vehicle financing

September 10, 2009 - Industry News

60-Day Delinquencies Rise by 21.2 Percent in 2Q

Automotive loans that are 60 days past due rose by 21.7 percent in the second quarter 2009 compared to the year-ago period, according to Experian Automotive.

Tags: Auto Loans, Delinquencies, Experian, new-vehicle financing, Payment Plan, used-vehicle financing

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