Financing Extended to Subprime Car Buyers Declines to Record Lows in Q3

Experian: Financing Extended to Subprime Car Buyers Declines to Record Lows in Q3 Auto financing extended to subprime and deep-subprime car buyers fell 4.5% from a year ago, as the auto finance industry continued to squash fears of a...

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Group 1 names new director

Group 1 names new director HOUSTON — On Thursday, Group 1 Automotive announced the appointment of Charles Szews to its board of directors. Szews joins eight other directors on the company’s newly expanded board. "Charlie brings strong leadership, experience managing global businesses,...

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Major Developments Make NABD Orlando a Must Attend

Major Developments Make NABD Orlando a Must Attend By Nick Zulovich Senior Editor HOUSTON -  It was just a little more than four months ago that the National Alliance of Buy-Here, Pay-Here Dealers hosted its annual convention in Las Vegas. However, Ken Shilson...

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Dealer Advice Following Court Action Against CFPB

Automotive Compliance Consultants urges dealers to stay vigilant despite action against CFPB CRYSTAL LAKE, Ill. — Automotive Compliance Consultants advised dealerships to remain vigilant and attentive to consumer business practices even though the U.S. Court of Appeals recently ruled the...

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Wells Fargo Orginations Down 2%

Wells Fargo Originations Down 2% YoY Wells Fargo Dealer Services saw a 2% year-over-year drop in originations — at $8.1 billion — in the third quarter, compared with $8.3 billion at the same time a year prior, according to the company’s earnings released today.  Total...

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Chase Auto 3Q Originations Grow 14% YoY

Chase Auto 3Q Originations Grow 14% YoY Chase Auto Finance originated $9.3 billion of auto loans and leases in the third quarter, up from $8.5 billion in 2Q, and up from $8.1 billion at the same time a year prior,...

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Wholesale Prices Rise Year-over-Year

Wholesale Prices Rise Year-over-Year Average wholesale values were flat in September, but remained up on a year-over-year basis primarily on the strength of truck prices and a higher proportion of pricier off-lease units.

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Companies may challenge CFPB after court ruling

Companies might challenge CFPB after court ruling CARY, N.C. — More industry reaction percolated stemming from Tuesday’s decision by the U.S. Court of Appeals for the District of Columbia Circuit involving the Consumer Financial Protection Bureau, which on the same...

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NABD Discounts Expiring

Discounts set to expire for NABD's fall conference - Auto Remarketing http://news.google.com Thu, 06 Oct 2016 19:38:30 GMT Auto RemarketingDiscounts set to expire for NABD's fall conferenceAuto RemarketingBuy-here, pay-here operators who need recommendations on improving deal jacket compliance,...

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Wells Fargo Dealer Services to Pay $4.1 million for SCRA Violations

Wells Fargo Dealer Services to Pay $4.1 million for SCRA Violations Wells Fargo Dealer Services has agreed to pay more than $1.4 million to settle charges that it violated the Service members Civil Relief Act (SCRA) when it repossessed...

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