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NewsApril 3, 2012

Financial Literacy Survey Exposes Significant Gaps

The National Foundation for Credit Counseling (NFCC) has released results of its 2012 Financial Literacy Survey, and the findings weren’t pretty.

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NewsApril 3, 2012

General RV Joins AppOne Platform

One of the largest volume RV dealers is now connected to Wolters Kluwer Financial Services' AppOne platform.

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NewsApril 3, 2012

Transaction Prices Up, Incentives Down, TrueCar Reports

The average transaction price for light vehicles in March jumped $1,977 from a year ago, while the average incentive was down 1.8 percent.

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NewsApril 3, 2012

Tax Refunds Going Toward Vehicle Repairs, Survey Reveals

A new survey commissioned by eBay Motors found that more than one-third of vehicle owners plan to use their anticipated tax refunds for maintenance, repairs and even a new vehicle.

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NewsMarch 29, 2012

Notable Growth for Subprime Originations, Equifax Reports

Subprime borrowers now make up more than 46 percent of the auto finance segment, Equifax noted in a new report that showed subprime origination growth across all lending sectors.

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NewsMarch 29, 2012

SAFCo Enters Four Midwest States

Nonprime finance source SAFCo is now available to dealers in Illinois, Indiana, Michigan and Ohio.

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NewsMarch 29, 2012

CP Handheld Tests Self-Reporting Inventory Tool

Executives from CP Handheld have announced that VIN Query, a new tool designed to offer remote reconciliation for dealership inventories, has entered its testing phase and should be available by September.

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NewsMarch 29, 2012

First Niagara Launches Auto Finance Unit

First Niagara Financial Group is on the move, announcing yesterday that it is entering the auto finance market with a new slate of financing options for dealers in the Northeast.

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NewsMarch 29, 2012

Prestige Securitizes $245 Million Loan Portfolio

Prestige Financial Services Inc. completed its ninth rated term securitization, issuing approximately $230 million in securities backed by about $245 million in automobile installment receivables.

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NewsMarch 27, 2012

[Video] Part 4: Protecting the Dealership

United Development System’s Gerry Gould addresses compliance in part four of his five-part series on the business office’s Top 5 responsibilities.

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