While speed is no longer a leading factor, it still plays a significant role, according to J.D. Power's 2016 U.S. Dealer Financing Satisfaction Study. The finance sources leading the way in terms of dealer satisfaction were Mercedes-Benz Financial Services and BMW Financial Services.
The firm found that dealers are willing to pay a premium for high-quality service from finance providers, including dedicated underwriters and dealer-focused sales reps.
CU Direct Connect now operates as a preferred lender for Sonic Automotive dealerships in Colorado.
Compact, mid-size and full-size pickups should offer a strong growth opportunity for auto lenders looking to expand their portfolios, according to data from Black Book Lender Solutions.
Equifax announced three new additions to its Automotive Services division, part of the firm’s effort to accelerate the development and distribution of new products and services to the automotive industry.
DealerTrack rolled out two mobile tools at the industry’s annual get-together, showcasing a mobile F&I menu for the iPad and a new mobile DMS reporting tool.
A report by Change Sciences Group revealed that some banks and other financial services firms are using social media to change their image.
At the magazine’s annual conference, finance executives reflected on the trends that defined 2011 and reaffirmed their commitment to the indirect lending channel in the year ahead.
Experian Automotive announced that Ally Financial was the top consumer auto sales financier in the U.S. marketplace.
Mercedes-Benz Financial Services USA LLC and DealerTrack announced that MBFS will become a lender on the DealerTrack credit application network beginning in March.
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