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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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Experian Automotive reports that the below-prime segment represented 22.29 percent of all loans originated in the second quarter, up from 18.21 percent in the year-ago quarter.
Read More →BlueYield Inc. announced a partnership with Endorsed Insurance Markets to make auto refinancing available to consumers through their smartphones.
Read More →The Shared National Credits (SNC) Review for 2011 showed the credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs) and nonbanks improved in 2011 for the second consecutive year.
Read More →Urban Science’s 2011 Automotive Franchise Activity Report indicated that the number of auto dealerships has grown by 0.4 percent, the first increase in more than 10 years.
Read More →LEAP Financial announced it has expanded its headquarters in San Diego to support continued growth in revenues and staff.
Read More →TrueCar.com forecasts that August 2011 sales will increase eight percent compared to last year despite a year-over-year drop in incentives.
Read More →Kbb.com announced the results of its 2011/2012 Compact Sedan Comparison Test, which had the Honda Civic and Hyundai Elantra leading the way.
Read More →Provider Exchange Network announced that F&I Administration Solutions LLC has completed a PEN Certified Interface, providing coordinated integration and support of PEN-enabled dealer systems.
Read More →American Express and Mercedes-Benz USA have partnered to offer two new credit cards that will allow Mercedes-Benz owners to earn points that can be used toward the automaker’s service package offerings or toward the purchase or lease of a new vehicle.
Read More →IntelliChoice released its list of “Best Bets” for the 2012 model year. The list includes 19 vehicles that demonstrate the highest potential for achieving outstanding value over time.
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