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Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
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SEARCHMENUSEARCHThe youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
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Auto dealers tied for 12th out of 20 industries ranked in the eighth edition of Temkin Group’s Customer Experience Ratings. Ford and Mercedes-Benz dealers also earned top rankings.
Read More →The subprime finance source’s president since April 2007 will retire on June 30, CEO Brett Roberts announced in a recent regulatory filing.
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Chicago’s Grossinger Auto Group has sold 15 stores to AutoCanada in an acquisition billed as the largest ever to cross international lines.
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U.S. Senate Banking Committee Republican Pat Toomey said on Tuesday the panel plans to scrap the CFPB’s guidance on dealer participation and leverage lending.
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Fair is set to remarket vehicles on SmartAuction and offer flexible financing powered by Ally’s Clearlane program.
Read More →According to a report in The Wall Street Journal, the review of GAP refunds the bank initiated last year has expanded to other F&I products and services.
Read More →AutoGravity has expanded its vehicle financing options for international students through a new partnership with Westbon.
Read More →The third-party audit confirms AUL’s internal controls are in accordance with the selected Institute of Certified Public Accountants’ trust services principles and criteria. For the company’s customers and partners, SOC 2 compliance demonstrates that AUL has industry leading controls in its data systems, technologies, and processes.
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SouthwestRe has partnered with Reahard & Associates to offer F&I training and compliance certification to agents and dealers.
Read More →NextGear Capital has introduced ‘Rapid Pay,’ a new feature designed to help dealers initiate the vehicle funding process before the title is received.
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