Revamped JD Power Consumer Financing Satisfaction Study focuses on ‘financially vulnerable’
Thursday, Nov. 14, 2024, 10:00 AM
Credit availability eases again in October
Wednesday, Nov. 13, 2024, 11:14 AM
More insight from Equifax & TransUnion about Q3 delinquency
Wednesday, Nov. 13, 2024, 02:39 PM
Chase Signs Financing Program Agreements with Two Nameplates
Thursday, Sep. 8, 2011, 12:00 AM
Nick Zulovich
GARDEN CITY, N.Y. — This week, Chase Auto Finance reached loan program agreements with a pair of nameplates — securing arrangements with Fiat and Subaru. Chase expanded its availability to Fiat dealers after the bank began to offer a new ... [Read More]
Veteran Dealer-Focused Legal Experts Unveil Compliance Resource Guide & Subscription Service
Thursday, Sep. 8, 2011, 12:00 AM
Nick Zulovich
TUSTIN, Calif. — With legal regulations often changing and potential dealer pitfalls numerous, Auto Advisory Services announced the availability of a resource guide and subscription service meant to provide dealers and their advisors with access to comprehensive legal information. Going ... [Read More]
Military.com Partners with TrueCar to Offer Vehicle-Buying Service
Thursday, Sep. 8, 2011, 12:00 AM
Nick Zulovich
McLEAN, Va. and SANTA MONICA, Calif. — Military.com, the membership organization that serves active duty personnel in all branches of the U.S. Armed Forces, reservists, guard members, retirees, veterans, family members and defense workers, is now working with TrueCar. The ... [Read More]
New Consumer Protection Bureau Seeks Input on Service Member Auto Loans
Thursday, Sep. 8, 2011, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The Consumer Financial Protection Bureau announced Wednesday it is seeking input on financial products and services, including auto loans, geared for service members and their families. Also, the nominee to lead the bureau recently made his opening address ... [Read More]
New-Vehicle Loan Growth Pushes Navy Federal to Roll out More Promotions
Tuesday, Sep. 6, 2011, 12:00 AM
Nick Zulovich
VIENNA, Va. — Prompted by strong growth during the past few months of vehicle loans with similar rates, Navy Federal Credit Union recently lowered its 36-month new auto loan rate to an APR as low as 1.79 percent. Navy Federal ... [Read More]
Nicholas Financial Announces Credit Line Increase & Extension
Tuesday, Sep. 6, 2011, 12:00 AM
Nick Zulovich
CLEARWATER, Fla. — With eyes on more expansion projects, Nicholas Financial recently revealed it executed an amendment to its bank credit line that increases the size of the credit line from $140 million to $150 million and extends the maturity ... [Read More]
With Activity Climbing on Major Lender Platforms, How Can Dealers Cash In and Ramp Up Approvals?
Tuesday, Sep. 6, 2011, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — Though the recovery has been stalling and the U.S. credit downgrade from Standard's & Poor's certainly didn't help, all four major lender platforms — RouteOne, DealerTrack, Wolter Kluwer's AppOne and Finance Express — report to SubPrime ... [Read More]
ABI: August Bankruptcy Filings Drop
Tuesday, Sep. 6, 2011, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — Continuing a trend seen throughout the year, the American Bankruptcy Institute discovered the amount August consumer bankruptcy filings dipped both year-over-year and month-over-month. Relying on data from the National Bankruptcy Research Center, ABI determined August consumer bankruptcies ... [Read More]
Massachusetts Dealer Expands Subprime Department to Meet Demand
Thursday, Sep. 1, 2011, 12:00 AM
Nick Zulovich
PITTSFIELD, Mass. — Haddad Auto's subprime finance department — Captain Credit — is growing so quickly that store management is shifting its location. Originally based within Haddad Toyota, officials indicated that as of the end of this month, Captain Credit ... [Read More]
Experian: Gap Between Amount Financed for Used & New Vehicles Continues to Close
Thursday, Sep. 1, 2011, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill. — With used-vehicle prices continually pushing toward the amount buyers could pay for a new model, Experian Automotive discovered the amount financed is reflecting this trend. When discussing second-quarter data, Experian pinpointed how much this gap has closed ... [Read More]