MIAMI — With some manufacturers and dealers now offering 84-month financing on auto loans, this could lead to more consumers ending up in negative equity, according LeaseTrader.com. Consumers who accept these terms are at particular risk with the current consumer credit ... [Read More]

HANOVER, Md. — The National Association of Dealer Counsel Board of Directors reported that it has submitted written comments to the House Judiciary Committee to express opposition to the Automobile Arbitration Fairness Act of 2008 (H.R. 5312). The March 17 letter ... [Read More]

PORTLAND, Ore. — Compli announced that it has teamed up with Sacks Tierney P.A. to provide top-tier legal information, compliance consulting and technology to Arizona dealers. The services will be offered via Compli's Dealership Compliance Management System. Sacks Tierney, based in ... [Read More]

SCHAUMBURG, Ill. — Experian Automotive announced Monday that it has launched an automotive-specific credit profile report. Designed expressly for dealers and lenders, officials said Experian's Automotive Credit ProfileSM can help those financing auto loans more quickly and accurately make the best ... [Read More]

WESTLAKE VILLAGE, Calif. — In its latest market analysis, Power Information Network reported that the retail auto business is continuing to embrace longer loans. "Six-year loans (taken out at the dealership) now account for four of every 10 new-vehicle loans, almost ... [Read More]

MINNEAPOLIS — To meet the growing demand for paperless finance transactions within the auto finance industry, Wolters Kluwer Financial Services announced Monday that it is offering dealers, work flow aggregators and lenders new standardized and customizable motor vehicle lease agreements in an ... [Read More]

SARASOTA, Fla. — CarBiz recently announced that it has received a dealer license for the state of Texas. According to the company, this marks the final dealer license for CarBiz to obtain following its major acquisitions of 26 dealerships in the ... [Read More]

NEW YORK — Given the state of the credit markets, it was somewhat unsurprising that subprime auto asset-backed securities' performance showed higher delinquencies and losses during the fourth quarter of 2007, according to Fitch Ratings. "On a month-over-month basis, the indices ... [Read More]

BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, along with Payless Car Sales, recently announced a partnership to provide Payless Car Sales dealers access to the AppOne platform. The AppOne platform provides Payless dealers with access to ... [Read More]

FLORHAM PARK, N.J., and NEW YORK — As many in the industry are aware, a big part of consumers' buyer power is tied up with their salaries and the health of the companies they work for. To take a glimpse into just ... [Read More]