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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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TrueCar is taking fire from dealers, trainers and state motor vehicle boards, but its embattled founder says the company will survive.
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The magazine’s reader survey reveals that average profit per new vehicle retailed still hovers around $800, and that F&I managers are averaging approximately two products per deal.
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The auto finance industry is surging after a third quarter in which all lending segments increased their originations for the high-risk tiers.
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The magazine’s resident legal wiz says a reader was right to be suspicious of a buyer whose cosigner only existed on paper. Read on for more details.
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Ford Motor Company took top honors for the second year in a row during the 16th annual Polk Automotive Loyalty Awards.
Read More →A report by Equifax indicated that U.S. consumers continue to make timely payments and pay down their retail credit card and bank card balances, resulting in a significant drop in the number of card write-offs vs. 2010 levels.
Read More →Oklahoma became the latest state to put the brakes on TrueCar, with the state’s motor vehicle commission deeming the service in violation of the state’s dealer licensing laws.
Read More →Priority One Financial Services Inc. will commemorate its 25th anniversary in business as an F&I outsourcing provider for the recreational industry by honoring its dealer partners, according to the company.
Read More →Southeast Toyota Distributors LLC announced the promotions of Kevin Fleeger to group vice president of operations and Wayne Crater to vice president of parts supply and distribution.
Read More →A study by J.D. Power and Associates revealed that striking the right combination of model offerings and vehicle appeal is critical to retaining customers.
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