CULA Continues Hot Streak with New Monthly Records in 2021
CULA posted its 9th consecutive record month, with more leases processed in May and June than in any other months in its history.
July 19, 2021
CULA posted its 9th consecutive record month, with more leases processed in May and June than in any other months in its history.
July 19, 2021
The company will continue growing its indirect lending business while also branching into direct-to-consumer financing, traditional retail financing, and lending across the full credit spectrum.
May 11, 2021
Finance industry veteran brings decades of dealer-focused experience to the management role.
May 6, 2021
While many SUV brands decrease lease payments, others increase monthly rates after the New Year to meet the segment average.
February 11, 2021
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
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
Experian analysts say buyers of pre-owned vehicles accounted for 55.15% of all U.S. auto loan originations in the third quarter, a 2.4% year-over-year increase.
December 6, 2019
Edmunds analysts say Black Friday promotions helped suppress new auto loan interest rates last month, registering a year-to-date low of 5.5% and an 8.3% year-over-year decline.
December 5, 2019
Kelley Blue Book reports the average cost to buy a new vehicle was $38,393 last month, a 1% year-over-year increase restrained by frantic efforts to move 2019-MY inventory.
December 3, 2019
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
The latest report from Wantalease.com finds several factories already offering lease discounts ahead of the usual year-end rush.
November 26, 2019
Prices for used vehicles declined 4.2% in the first 10 months of 2019 while volume increased 5.2%, J.D. Power analysts say, a trend that has begun to affect the commercial market.
November 25, 2019
Dealers on the CDK Global DMS can now import lease deals into Digital Contracting on the Dealertrack uniFI platform, part of an upgrade also designed to benefit finance sources.
November 18, 2019
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 Motor Credit is No. 1 in J.D. Power’s latest rankings of customer satisfaction with auto finance companies. Analysts say the metric is increasingly driven by the digital experience.
November 14, 2019
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