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Interest Rates Further Squeeze Auto Consumers
Last month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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F&I Showroom Magazine
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SEARCHMENUSEARCHLast month’s hike and a potential second increase this month add to a growing list of inflation woes that could continue to dent overall car sales.
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Catch the first episode of Auto Dealer TV, brought to you by Auto Dealer Monthly and F&I and Showroom magazine.
Read More →So far in 2014, the credit approval rate is clocking in at 68.3%, close to the level Swapalease.com considers “healthy” at 70%.
Read More →A recent survey found that U.S. banks and credit unions are carrying a much heavier regulatory and risk management burden than they were a year ago. This is due in part to heightened concern over the mortgage guidelines recently finalized by the CFPB.
Read More →Banks and credit unions believe they will eventually need to boost allowances for loan and lease losses by nearly 50%, according to a recent survey by Sageworks, a financial information company.
Read More →Ally announced today that William Muir, the company’s current president and head of Dealer Financial Services business, will retire at the end of 2014. Replacing him will be Jeffrey Brown.
Read More →Steve Zemaitis has joined the company as executive vice president of strategy and planning. The auto finance company also announced the appointment of A.J. Wagner to its board of directors.
Read More →Harsh winter storms pushed down sales to 1.19 million units. The SAAR, however, matched the sales rate recorded in February 2013.
Read More →Between July 2011 and February 2014, the CFPB recorded approximately 14,100 complaints from servicemembers, veterans and their families, 600 of which were related to auto and other consumer loans.
Read More →The biweekly and early loan payoff service kicks off a new campaign that touts its 10-year history in the automotive industry.
Read More →Bad weather causes drop in used sales, but conditions appear to have favored franchised dealers, the market research company found.
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