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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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The magazine takes a look inside the world’s largest Lexus dealership to learn how a new approach to F&I, CPO sales and online marketing helped it survive the Great Recession.
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F&I expert shows you how to take control of the 10 biggest challenges F&I managers faced in 2010.
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December car buyers enjoyed the lowest-ever annual percentage rates (APRs) on their auto loans, according to data gathered by Edmunds.com.
Read More →Default rates across four major categories of consumer credit declined, according to the Standard & Poor’s/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults.
Read More →CUDL, which administers an auto lending network for credit unions, will be representing more than 900 partnering credit unions for the eighth consecutive year at the National Automobile Dealers Association (NADA)’s conference, scheduled for Feb. 5-7 at the Moscone Convention Center in San Francisco.
Read More →DataScan Field Services was selected by Clubb Finance Corporation to provide floorplan verification services for its dealer networks across Canada.
Read More →TD Bank Group (TD) and Cerberus Capital Management today announced an agreement under which Chrysler Financial will be sold to TD for cash consideration of approximately $6.3 billion.
Read More →Credit reporting agency TransUnion reported a seasonal hike in the rate of U.S. auto-loan borrowers more than 60 days past due.
Read More →Strong November sales and an increase in consumer demand has the industry poised for another healthy sales month in December, CNW Research’s Art Spinella predicted in his monthly “State of the Industry” report.
Read More →Auto finance sources continued to loosen their standards in the third quarter, particularly for those with less-than-stellar credit, Experian Automotive reported today.
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