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Auto Finance•by Staff•September 1, 2011

Gas Prices Drive Price Surge for Smaller Used Vehicles, Edmunds.com Reports

Data analyzed by Edmunds.com revealed that consumers paid about 10 percent more for three-year-old, used compact cars in July than in January, with prices for this segment increasing 1.6 percent over the same period in 2010.

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Auto Finance•by Staff•September 1, 2011

Consumers Shift Focus From Savings to Paying Down Debt

Results from a poll conducted by the National Foundation for Credit Counseling (NFCC) revealed that 89 percent of consumers prefer to pay down debt than increase their savings.

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Digital•by Staff•August 30, 2011

Lexus Adds HD Radio to 2013 GS 350

Lexus announced that its 2013 GS 350 will be its first vehicle model to offer HD Radio Technology. The new feature will also offer iTunes’ tagging feature.

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Auto Finance•by Staff•August 30, 2011

Below-Prime Originations Jump 22.4 percent in 2Q, Experian Reports

Experian Automotive reports that the below-prime segment represented 22.29 percent of all loans originated in the second quarter, up from 18.21 percent in the year-ago quarter.

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Digital•by Staff•August 30, 2011

GM, LG to Jointly Develop Electric Vehicles

General Motors and LG Group, which served as the battery cell supplier for the car company’s Chevrolet Volt and Opel Ampera extended-range EVs, are partnering up again on the design and engineering of future electric vehicles (EV).

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Digital•by Staff•August 30, 2011

SRS Appoints Holland to President of MPi

Service Repair Solutions Inc. (SRS) has named Rich Holland, the company’s former chief strategy officer, president of its MPi subsidiary.

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Auto Finance•by Staff•August 30, 2011

Medallion Bank Joins AppOne Platform

Wolters Kluwer Financial Services announced that Medallion Bank is now available to marine and RV dealers through its AppOne Platform.

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Auto Finance•by Staff•August 30, 2011

BlueYield, Endorsed Insurance Markets to Offer Auto Refinance Via Smart Phone

BlueYield Inc. announced a partnership with Endorsed Insurance Markets to make auto refinancing available to consumers through their smartphones.

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Digital•by Staff•August 30, 2011

ADP Connects 10,000th Vendor to DMS

ADP Dealer Services announced that its Third Party Access Program has now connected 10,000 vendors to the company’s DMS.

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Auto Finance•by Staff•August 25, 2011

Fed Review: Credit Quality Continues to Improve

The Shared National Credits (SNC) Review for 2011 showed the credit quality of large loan commitments owned by U.S. banking organizations, foreign banking organizations (FBOs) and nonbanks improved in 2011 for the second consecutive year.

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