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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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Despite three fewer selling days in April, industry sales were up 2.1 percent vs. a year ago, Kelley Blue Book estimates
Read More →Transaction prices are falling, with TrueCar reporting that the average transaction price fell by $445 from last month.
Read More →Ally Financial increased wholesale credit lines by 40 percent in the first quarter to take advantage of the growing sales momentum realized during the period.
Read More →Things didn't go as expected this month, with CNW reporting that the expected increase in floor traffic and closing ratios never materialized.
Read More →New non-mortgage credit balances continue to increase, while new auto, bank and retail cards, consumer finance, home equity and student loan credit rose by $61 billion in January.
Read More →ADP Dealer Services' Dealer Solutions Expo 2012 will feature consultant Ryan Morrison and demonstrations of the company's dealer tools.
Read More →Jay Sharpnack has been appointed to the newly created position of national sales manager for CNA National Warranty Corp., effective immediately.
Read More →Sonic Automotive Inc. reported a 24 percent profit increase in the first quarter, and a record 9 percent increase in same-store revenues.
Read More →Chrysler Group LLC notified Ally Financial Inc. that it will not renew its auto finance agreement with the former captive lender. Officials, however, left open the possibility of a future partnership.
Read More →In a recent blog post on the Consumer Financial Protection Bureau (CFPB) website, the Assistant Director for the Office of Fair Lending and Equal Opportunity said the agency will be paying more attention to non-mortgage loans, and specifically called out auto loans.
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