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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
Fed Triggers Third Interest Rate Cut of 2019

Fed Triggers Third Interest Rate Cut of 2019

The Federal Reserve has announced its third interest rate reduction since July, this time excluding language committing the central bank to action in support of economic expansion.

October 31, 2019

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

September Depreciation Report Shows 1% Overall Decline
Ford Credit Rolls Out Discount Car Insurance Program
Dealertrack uniFI Completes Paperless Workflow With Digital Contracting
Gilchrist: USMCA a Win for Dealers, Industry

Gilchrist: USMCA a Win for Dealers, Industry

NADA Chairman Charlie Gilchrist voiced his support for the United States-Mexico-Canada Agreement in remarks at a press event. The Texas dealer urged Congress not to ignore the ‘reality’ of an auto industry built on favorable relationships among the three nations.

October 9, 2019

AutoMap Promotes Sargeant to CEO

AutoMap Promotes Sargeant to CEO

Mark Sargeant has been promoted from vice president of business development and marketing to CEO of AutoMap LLC.

October 8, 2019

Experian Debuts Advanced Data and Analytics Platform
Detroit, Japan Factories Suffer in Short September Sales Report

Detroit, Japan Factories Suffer in Short September Sales Report

U.S. sales of new cars and light trucks fell 12% year-over-year in September, suppressed in part by a Labor Day weekend allotted to August. Few were spared the sting, with all six of America’s and Japan’s biggest factories reporting double-digit declines.

October 3, 2019

DOJ Mystery-Shopped Md. Dealership Before Suing for Racial Bias