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Expert says affordable payments are the key to dealership success as incentives fall, interest rates rise, and the vast majority of Americans continues to budget around a twice-monthly paycheck.
Wantalease.com reports increased new-lease discounts among compact cars, full-size cars, and entry-level luxury cars in the first two weeks of December.
Black Book’s final depreciation report of 2018 finds prices for used cars and trucks decreased by 2.7% and 2.3%, respectively, with declines among compacts, minivans, and full-size utilities setting the pace.
Cox Automotive’s latest Dealer Sentiment Index finds a ‘notable negative turn’ among U.S. dealers, the majority of whom took a dim view of the fourth-quarter market and their 2019 prospects.
KAR Auction Services has consolidated its Recovery Database Network management team following the company’s acquisition of Clearplan.
Payment technology expert says dealers and F&I professionals who are waiting for fintechs to go the way of the early-2000s dotcoms shouldn’t hold their breath.
The National Automobile Dealers Association has released dates and locations for its next five annual conventions.
Santander Consumer USA has agreed to pay $9.29 million in restitution and $2.5 million in fines to settle claims leveled by the U.S. Consumer Financial Protection Bureau over the finance source’s GAP and interest-only payments programs.
Swapalease.com’s latest report show U.S. lease approval rates improved slightly to 70.9% in October following a 3.9% dip in September.
The National Insurance Crime Bureau released its annual ranking of U.S. holidays on which vehicles are most and least often stolen.
An Equifax/NIADA survey of U.S. independent auto dealers charts growing optimism about the economy and their businesses heading into the new year.
Expert offers a crash course in the purpose and structure of credit reports for F&I professionals who need to make good decisions without slowing or disrupting the delivery.
A survey commissioned by Shred-it finds consumers don’t trust dealerships and other businesses to protect their personally identifiable information but are failing to do so themselves.
GM Financial reported increases in loan originations and reduced delinquencies and charge-offs, but lease originations fell $2.3 billion from the first three quarters of 2017.
Seasoned automotive technology veteran Byron McDuffee is expected to help Equifax drive innovative solutions for customers.
