FI showroom red and grey logo
MenuMENU
SearchSEARCH

News

Auto Financeby StaffDecember 17, 2014

Debt Levels Will Continue to Rise, TransUnion Reports

TransUnion’s annual auto loan forecast calls for auto loan debt to rise to $18,244 by the end of 2015. This would mark 19 consecutive quarters of increases since the first quarter of 2011.

Read More →
Digitalby StaffDecember 16, 2014

Volvo to Focus on Selling Cars Online

The Swedish automaker plans to sell vehicles online across the globe as part of a new marketing strategy. The digital push will complement Volvo’s existing dealer network, officials said.

Read More →
Auto Financeby StaffDecember 16, 2014

Chrysler Group LLC Becomes FCA US LLC

The U.S.-based automaker’s new name follows the naming convention of its global parent company, Fiat Chrysler Automobiles N.V., which assumed its new name in October when it listed on the New York Stock Exchange.

Read More →
Ad Loading...
F&Iby Brittany-Marie SwansonDecember 16, 2014

Credit Acceptance Subpoenaed by DOJ

Credit Acceptance has received a civil investigative subpoena from the U.S. Department of Justice, which requested that the finance company produce certain documents related to subprime auto lending.

Read More →
F&Iby StaffDecember 16, 2014

‘Great Deleveraging’ Has Ended, Equifax Reports

Consumers are back in the borrowing business, with November consumer credit data from Equifax showing that nonmortgage credit balances rose to their highest level in five years.

Read More →
Digitalby StaffDecember 16, 2014

DealerRater to Bring Reviews to AutoTrader.com

Beginning this month, DealerRater reviews and ratings will be featured on AutoTrader.com's dealer profile pages.

Read More →
Ad Loading...
Complianceby StaffDecember 12, 2014

FTC Takes Action Against Two Dealer Groups for Deceptive Advertising

The FTC took action against two dealer groups it targeted in 2012 for deceptive advertising. They were charged with violating the FTC's orders prohibiting them from deceptively advertising the cost of financing or leasing a car.

Read More →
Digitalby StaffDecember 11, 2014

DriveTime Selects Manheim, Go Auto Exchange as Remarketing Partners

The partnership makes Manheim and Go Auto Exchange DriveTime’s primary source for remarketing wholesale inventory through its physical locations, mobile auctions and online.

Read More →
Complianceby StaffDecember 11, 2014

Minn. Dealer Wins Affordable Care Act Challenge

Based on a ruling in the Supreme Court case Burwell v. Hobby Lobby, a Minnesota district court granted Hastings Automotive owner exemption from the Affordable Care Act's contraceptive coverage mandate.

Read More →
Ad Loading...
Digitalby StaffDecember 11, 2014

Trucks Outselling Premium Brands Over $50,000

Pick-up trucks and SUVs account for 6 of the 10 best selling vehicles with transaction prices over $50,000, TrueCar reports

Read More →