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MUSA Auto Finance to Rebrand as DRIVRZ Financial

MUSA Auto Finance to Rebrand as DRIVRZ Financial

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

Cynthia Caine Named as Head of Wells Fargo Commercial Auto Group
Credit Unions Ramp Up Online Services in Step with Dealers’ Opportunities
Automotive Finance Industry Shows Consistency in Q4 2020 Despite Disruptions
January Auto Lease Payments Up on Several SUV Brands While Others Slash Prices
Confront the Growing Threat of Synthetic ID Fraud
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

Police: Fla. Dealer Couple Faked 35 Sales Contracts
Democrats Signal Defeat on EV Tax Credit

Democrats Signal Defeat on EV Tax Credit

The federal spending bill being negotiated by House and Senate leaders is not likely to include an extension of the $7,500 tax credit for buyers of electric vehicles.

December 17, 2019

Sense of Urgency Pervades Q3 Dealership Acquisitions
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
Regulators Appear to Endorse Alternative Credit Scoring
Discounts, Incentives Stabilize New Vehicle Prices in November