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Top 10 Fraud Stories of 2019

Top 10 Fraud Stories of 2019

A number of U.S. auto dealers and dealership sales and F&I personnel were the victims or alleged perpetrators in several major fraud cases this year.

December 30, 2019

Used Car Price Gap Grows to $15K in Q3 Report

Used Car Price Gap Grows to $15K in Q3 Report

Edmunds’ latest Used Car Report finds high off-lease volumes have suppressed prices and widened the gap between new and 3-year-old models to an average of $14,951.

December 13, 2019

Q3 Auto Finance: Used Accounts for 55% of Loans
November Auto Loan Interest Rates Hit 21-Month Low
Discounts, Incentives Stabilize New Vehicle Prices in November
Pre-Owned Values Down 1.4% in November

Pre-Owned Values Down 1.4% in November

Black Book reports retained values for used vehicles decreased sharply last month. If the index holds through December, it will end 2019 on a year-over-year decline of nearly 2%.

December 2, 2019

Frontier Leads Early Wave of Lease Price Drops
Report: Spike in Wholesale Volume Hurts Pre-Owned Values
Dealertrack F&I Streamlines Lease Contract Workflow
Auto Loans and Leases Up 1% in Q3

Auto Loans and Leases Up 1% in Q3

The Federal Reserve reports U.S. car buyers borrowed $159 billion in the third quarter, a modest gain powered by a 6% increase in originations to prime credit customers.

November 14, 2019

Ford Credit Tops All Finance Sources in Customer Satisfaction
Used Trucks Lost More Value Than Sedans in October
Maybee Named President of NextGear Capital

Maybee Named President of NextGear Capital

Ten-year auto finance veteran Scott Maybee has been named president of NextGear Capital after serving as general manager of Manheim Northstar Minnesota.

November 4, 2019

Average New Vehicle Prices Up Nearly 3% in October
Mini Dealers Get Flat-Rate Auto Finance Program

Mini Dealers Get Flat-Rate Auto Finance Program

Mini Financial Services has launched Flipped Financing, a new captive finance option billed as a simplified, low-pressure, single-rate approach for dealers, finance managers, and customers.

October 23, 2019