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Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
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RedBumper believes it has solved a major pain point for auto dealer groups with the release of a complete suite of inventory analytic and management tools.
Read More →In a note to bondholders, Fitch Ratings said it believes the move toward slightly riskier borrowers in prime auto ABS pools is unlikely to present a near-term risk.
Read More →Wholesale used-vehicle prices declined marginally in April, according to the Manheim Used Vehicle Value Index, which stood 126.1 vs. 126.2 in March.
Read More →Matthew E. Roy is appointed the new vice president of human resource and administration for Mercedes-Benz's captive finance arm, while Michelle D. Spreitzer succeeds Roy as vice president, general counsel and corporate secretary.
Read More →Mosley Automotive Training will stage its eighth annual Online Sales Success Workshop on June 19 at the Water Club, located at the Borgata Hotel and Casino in Atlantic City, N.J.
Read More →Capital One's total revenue from its legacy portfolio grew 5.2 percent from the sequential quarter thanks to strong growth in auto loans as well as strong auto finance originations during the quarter.
Read More →General Motors Financial Co. reported net income of $112 million for the quarter ending on March 31, compared to $77 million for the year-ago period.
Read More →Total light vehicle sales were up 10.3 percent from a year ago and 14.9 percent vs. March, according to AutoData, which put the seasonally adjusted annual rate at 14.42 million units.
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Hudson Cook LLP announced today that it has added Joel Winston as partner in its Washington, D.C., office. He worked for the Federal Trade Commission from 1976 to 2011.
Read More →Asbury's digital marketing efforts were highlighted in Google's recently release white paper, which details how the dealer group increased its website lead conversions by 10,000 per month.
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