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July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
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SEARCHMENUSEARCHCredit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
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Subcompact crossovers joined the full-size vans and minivans as the truck categories registering the steepest declines in value last week, while subcompact cars joined full-size cars and sporty cars as the depreciation leaders in the car segment.
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Third-quarter data from Experian Automotive shows that the auto finance market gained strength and stability, but mostly at the expense of subprime originations.
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A federal judge denied a request by a high-ranking CFPB official for a preliminary injunction to remove President Trump’s appointee as acting head of the agency. The decision sets the stage for a possible appeal.
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Through the newly forged partnership, Chase will deliver financing terms online through the AutoFi Platform. The finance source is the first national bank to join the Ford Credit-backed AutoFi platform.
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Customers who are able to initiate the financing and F&I product selection process online report a better overall car-buying experience, according to a new survey from SpringboardAuto.
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The fintech firm has added Audi Financial Services to its car-shopping and financing platform, which now allows Audi shoppers to find their chosen vehicle at the dealership of their choice and secure financing through the carmaker’s captive in four easy steps.
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Used-vehicle value pricing continues to return to pre-hurricane levels but overall remains high, the firm reported this week.
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December’s average transaction price for a new vehicle rose nearly 2% from a year ago to a record high of $36,113, the firm reported last week.
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Total new-vehicle sales didn't grow for the first time since the Great Recession, but the American International Automobile Dealers Association said last week its member dealers remain optimistic about 2018.
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Cindy Allen has been named CEO of StoneEagle, joining an executive leadership team that includes founder and chairman Bobby Allen and managing partner Brent Allen.
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