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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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Autodata Solutions and DriveItNow have partnered to provide a pre-qualified payment tool that incorporates quoting functionality and OEM incentive data.
Read More →The national 60-day delinquency rate for auto loans fell for the seventh consecutive quarter, dropping to 0.44 percent at the end of the second quarter, TransUnion reported today.
Read More →New-vehicle sales continue to increase, but they are doing so at a slower pace. Volume remains flat, and manufacturers continue to be conservative with incentives, according to J.D. Power and Associates.
Read More →Falling from 1.29 percent to 1.27, the auto loan default rate continued to improve along with other credit categories in July, according to the S&P/Experian Consumer Credit Default Indices.
Read More →TrueCar rolled out its list of 2011 vehicle models with the highest and lowest Price Flex Scores.
Read More →Vehicle service contract provider Charter Warranty has announced the launch of “Save-A-Deal,” a new program designed to offer dealers a new option for financing F&I products.
Read More →The Blackstone Group has acquired Exeter Finance Corp. from Navigation Capital Partners. The specialty auto finance company also secured a new line of credit that will help grow its loan portfolio and expand its branch network.
Read More →The downgrade of U.S. debt and the 400-point swings of the Dow Jones Industrial Average last week didn’t sit well with consumers, according to CNW’s preliminary data for August. The good news is automakers are responding by boosting incentive spending. But will it be enough?
Read More →Starting this week, F&I and Showroom magazine’s e-newsletter will return to twice a week and will be distributed on Tuesday and Thursdays.
Read More →Flagship Credit Acceptance announced the appointment of two sales executives to help expand and develop the company’s national sales force.
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