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
J.D. Byrider Opens New Store, Names New Executive
Tuesday, May. 19, 2009, 12:00 AM
Nick Zulovich
CARMEL, Ind. — J.D. Byrider said it has opened its third new location since the start of 2009, in addition to naming a director of service operations. The Monroeville, Pa., store marks the third Byrider franchise in Pittsburgh, the 10th in ... [Read More]
RMI, Digital Recognition Network Align to Serve Recovery Needs
Tuesday, May. 19, 2009, 12:00 AM
Nick Zulovich
SOUTHAMPTON, N.J. — Recovery Management recently announced a strategic alignment with Digital Recognition Network to boost vehicle recovery rates for lenders. Thanks to the alignment, now all recovery professionals who are channeled through RMI can attempt to locate a vehicle. That's ... [Read More]
Credit Union Creates Incentive For On-Time Auto Loan Payments
Tuesday, May. 19, 2009, 12:00 AM
Nick Zulovich
TUMWATER, Wash. — O Bee Credit Union has rolled out a program to aid customers who made payments on time on their auto loans. What the firm is calling its Pay-n-Save Auto Loan can give borrowers a 1-percent credit off their ... [Read More]
BHPH Dealers Outline Best Practices
Thursday, May. 14, 2009, 12:00 AM
Nick Zulovich
LAS VEGAS — One of the most popular panels Wednesday consisted of five dealers who shared some of their best practices with the audience at the National Alliance of Buy-Here, Pay-Here Dealers conference. The dealer panel included Blake Ingram, of Auto ... [Read More]
Fed: Interest Rates for Auto Finance Companies Drop to Record Low
Thursday, May. 14, 2009, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The average interest rate on new-vehicle loans at auto finance companies continues to plummet, as it hit an all-time low for the second straight month, the Federal Reserve recently announced. At 2.74 percent, this latest interest rate is down ... [Read More]
Comerica Bank: Auto Affordability Shows Improvement
Thursday, May. 14, 2009, 12:00 AM
Nick Zulovich
DALLAS — Although median family income continued on a downward slope in the first quarter, the total cost to buy and finance a new vehicle dropped at a much steeper pace, thanks largely to sharp declines in interest rates, according to Comerica ... [Read More]
Floor Planners Talk Business Trends
Thursday, May. 14, 2009, 12:00 AM
Nick Zulovich
LAS VEGAS — Executives representing various floor planners and financial institutions gathered on Wednesday to talk about how the industry is faring. Just what did they say? Taking the stage at the National Alliance of Buy-Here, Pay-Here Dealers conference was Scott ... [Read More]
First Advantage CREDCO Enhances Red Flag Solution
Thursday, May. 14, 2009, 12:00 AM
Nick Zulovich
POWAY, Calif. — First Advantage CREDCO introduced a new component to its Red Flag Solution that provides dealers with an automated means to draft, rollout, train and report on their identify theft programs required under the new Red Flags Rule. Red Flag ... [Read More]
RouteOne Integrates with VertiSEL; Accesses Credit-Improvement Solution
Thursday, May. 14, 2009, 12:00 AM
Nick Zulovich
FARMINGTON HILLS, Mich. — RouteOne announced Tuesday that it has completed integration with VertiSEL, a company that offers programs to consumers who have had difficulties during the auto-financing process due to lack of credit access. Essentially, this integration will allow RouteOne dealers to ... [Read More]
Webb: Recession to Likely End by Q3
Wednesday, May. 13, 2009, 12:00 AM
Nick Zulovich
LAS VEGAS — Tom Webb had some positive news to share at the National Alliance of Buy-Here, Pay-Here Dealers conference Tuesday. Manheim's chief economist said he is seeing some improvement in the near future in the labor sector, which coupled with ... [Read More]