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After private labeling MediaTrac's prepaid maintenance program, Honda Cars of Boston reports that 40 percent of lease customers are opting for the plan.
Read More →Volkswagen and Honda are expected to lead in automaker gains, while trucks continue to lead segment sales, Kelley Blue Book reports.
Read More →Usage of Shastic’s social loan calculator is picking up, with the Berkeley-based company expanding its client base by 66 percent in the first quarter of 2013. Auto loans so far account for 49.4 percent of usage of the company’s Calcubot.
Read More →Chip Perry is leaving AutoTrader after a 15-year career. He will be replaced by Sanford Schwartz, who assumes the role of president on May 1.
Read More →The NADA and the National Association of Minority Automobile Dealers say the CFPB’s actions in regards to dealer participation will have an opposite effect on consumers, claiming their cost of credit will go up.
Read More →March’s retail SAAR should match February’s 12.1 million-unit reading, J.D. Power and LMC Automotive reported this week. The two firms also spot a stretching of loan terms, with 72-month or longer loans now at record levels.
Read More →In a party line vote, the Senate Banking Committee approved the nomination of Richard Cordray to his five-year term as director.
Read More →In Tesla’s fight to open retail locations across the U.S. market, another state has backed down from fighting the electric-carmaker’s business model.
Read More →In a bulletin issued today, the CFPB warned banking institutions that they could be on the hook for discriminatory markups imposed by dealers. The bureau’s notice also contains guidance on how finance sources should address fair lending risk.
Read More →The auto loan default rate rose slightly from January to February, but remains below year-ago levels. The two firms also report that overall consumer credit remains healthy.
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