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NewsJuly 30, 2013

Equifax: Delinquency Rates, New Credit Improving

Equifax's latest report on national consumer credit trends finds that delinquency rates for auto loans decreased more than 11 percent year over year, while new credit climbs to an eight-year high in the opening quarter of 2013.

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NewsJuly 30, 2013

GM Financial Prepares for 'CFPB Exam'

Officials say they don’t expect the CFPB’s targeting of dealer participation to impact the company’s economics. They also offer updates on the company’s roll out of a prime product and its acquisition of Ally Financial’s international business units.

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NewsJuly 30, 2013

US Equity Advantage Adds to Team

Rick Christopher joins US Equity Advantage as the regional account manager for the Southeast.

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NewsJuly 23, 2013

July Deliveries Could Rise 7 Percent, CNW Predicts

The first 20 days of July has the market research firm predicting a 7 percent gain in deliveries from a year ago. CNW also spots an incentive war brewing on the horizon.

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NewsJuly 23, 2013

1.2 Million Buy Used Instead of New

The Great Recession is still weighing heavily on how consumers shop for vehicles, as new-vehicle intenders continue to make the switch to used. It’s a trend automakers should continue to fuel, CNW predicts.

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NewsJuly 18, 2013

Calif. Dealer Thanks Vets, First Responders

Temecula, Calif.-based Paradise Chevrolet Cadillac hands out $50 dinner cards to military personnel and first responders.

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NewsJuly 18, 2013

Women Better Negotiators Than Men, Study Concludes

Research from the Kellogg School of Management finds that women tend to pay more for repairs, but the study also reveals that women are better negotiators.

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NewsJuly 18, 2013

RoadVantage Adds to Executive Team

The company celebrates its two-year anniversary by announcing two expansion moves aimed at fueling the company’s continued growth.

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NewsJuly 9, 2013

Improving Employment Fueling Return to Normal for Used-Vehicle Market

Wholesale prices continued to return to normal levels in the first half, which Manheim attributed to an improving employment picture and rising new-vehicle sales.

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NewsJuly 9, 2013

Private Equity Money Could Fuel Higher Credit Losses for Subprime Auto

Moody’s notes a gradual weakening of credit in its report on the subprime auto ABS market, but the credit rating agency believes private equity money flowing into the market could intensify competition and cause higher credit losses.

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