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Credit card down payments, multiple vehicle purchases and even straw purchases can be completed without committing bank fraud, as long as you tell the bank first.
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During the month of June, Western Funding funded 906 deals for $11.2 million in contracts — its biggest origination month ever.
Read More →Edmunds.com has opened registration for its Used+ used-car sales program, which offers shoppers a vehicle-protection plan and a $200 gas card. Asked if the program might lead Edmunds into F&I product sales, a spokesperson said '... It is an option we would be open to exploring.'
Read More →The company still expects to complete its proposed acquisition of Dealertrack in the third quarter despite voluntarily withdrawing its filing under the Hart-Scott-Rodino Antitrust Improvements Act. The move was made to give the Justice Department more time to review the proposed deal.
Read More →Industry Summit 2015 will feature new lightning-round sessions that will allow attendees to discover new F&I tools and solutions, event organizers announced.
Read More →A former F&I development manager for AutoNation has joined United Development Systems as its new regional manager for the South Florida market.
Read More →Customers of Larry H. Miller Dealerships can now order vehicle parts directly through a new e-commerce platform, currently available through 20 Larry H. Miller dealership websites.
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F&I and Showroom is now accepting nominations for the 2015 F&I Dealer of the Year award. Nominations must be received by July 31, 2015.
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Delinquencies remained in check despite total outstanding auto loan balances rising to an all-time high, signaling a healthy automotive credit climate.
Read More →The Office of the Comptroller of the Currency said in its semiannual report that stretching terms and higher advances are a concern. The agency said it will continue to monitor the market and will take action when warranted.
Read More →On Wednesday, J.D. Power completed its acquisition of NADA Used Car Guide. As part of the agreement, J.D. Power will continue to provide NADA members with a complimentary subscription.
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