After adding more than 1,000 dealers last year and expanding into Canada, CUDL announced that it now has 10,000 dealers on its credit union lending network.
Read More →According to a filing with SEC last week, Santander Consumer USA confirmed its intentions to raise up to $50 million in an initial public offering.
Read More →Wholesale prices continued to return to normal levels in the first half, which Manheim attributed to an improving employment picture and rising new-vehicle sales.
Read More →Moody’s notes a gradual weakening of credit in its report on the subprime auto ABS market, but the credit rating agency believes private equity money flowing into the market could intensify competition and cause higher credit losses.
Read More →Fiat is in the early stages of hiring its own team of factory reps. Officials say 50 additional staffers will be added to the team to serve Fiat dealers exclusively.
Read More →California is listed again in the NICB’s annual ‘Hot Spots’ report, which shows that eight out of the Top 10 vehicle theft areas lie in the Golden State.
Read More →Consumers looking for an American-made car might be surprised to learn that toping Edmunds.com’s list of ‘most American’ cars are Japanese brands Toyota and Honda.
Read More →An Alabama used-car dealer who failed to decrease an active-duty service member’s loan interest rate before repossessing his car pleaded guilty to violating the Servicemembers Relief Act.
Read More →Franchised dealers are expected to realize a 3.35 percent increase in used-vehicle sales, while independents should be up 3.82 percent, CNW said today.
Read More →The estimated average transaction price for light vehicles in the United States was $31,663 in June 2013, up $370 from May and up $269 from a year ago.
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