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NewsDecember 5, 2013

Business Journal Names Westlake to Fastest Growing Private Company List

The Los Angeles Business Journal released its annual ‘Top 100 Fastest Growing Private Companies’ list. On it was Westlake Financial Services, which came in at No. 54.

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NewsDecember 5, 2013

Experian: Auto Loan Interest Rates Fall to All-Time Low

According to the latest report from Experian Automotive, interest rates for auto loans fell to an all-time low in the third quarter, while the average amount financed reached its highest level since 2008.

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NewsDecember 5, 2013

Bloomberg: GM to Sell Ally Financial Stake

General Motors is said to be set to sell its stake in Ally Financial, which is majority owned by U.S. taxpayers, Bloomberg reports.

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NewsDecember 3, 2013

Delinquencies Rise on Both Quarterly and Yearly Basis, TransUnion Reports

According to TransUnion, the auto loan delinquency rate increased to 1.04 percent in the third quarter. However, the delinquency rate is still well below the third quarter average observed between 2007 and 2013.

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Newsby Brittany-Marie SwansonDecember 3, 2013

Consumer Group Seeks to Eliminate Rate Markups in California

A consumer advocacy group has filed a new ballot initiative with the California attorney general’s office. Part of the initiative aims to eliminate dealer markups, something California New Car Dealer Association President Brian Maas says would harm consumers.

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NewsDecember 3, 2013

CarFinance Capital Completes $304 Million Asset-Backed Securitization

CarFinance Capital finalized its $304 million asset-backed securitization in a transaction that closed in late October.

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NewsDecember 3, 2013

NADA Report: Cash Incentives Negatively Influence Used-Car Pricing

New-vehicle cash incentives reduce the price of used vehicles significantly more than finance and lease incentives, the NADA finds.

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NewsDecember 3, 2013

Dealer Joe Boccalero Passes Away

Longtime California dealer Joe Boccalero passed away on Nov. 27 at the age of 92. He served as the former president of Domenich Basso Inc. and operated a Chrysler Jeep dealership in Los Angeles for 40 years.

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NewsNovember 27, 2013

F&I Express Adds Universal’ Zero Plan to eContracting Platform

Universal Lenders' Zero Plan joins more than 50 F&I product and service providers currently on the F&I Express network.

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NewsNovember 26, 2013

Car Buyers Return in November After ‘Wacky’ October

November returned to normal after the partial government shutdown in October. CNW Research believes the purchase delays the shutdown caused could prime the market for a solid 2014.

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