Aug
16
2018
Alternative sourcing redefining inventory planning for car dealers
CARY, N.C. — The numbers foretell how dramatic inventory planning must change if dealers want to keep their used-car lots filled.
Decreasing new-car sales, declining lease originations and consumers keeping vehicles longer are...
Sep
01
2017
2 ways tighter credit helped Car-Mart
BENTONVILLE, Ark. — Along with elaborating a bit about his upcoming retirement, America’s Car-Mart chief executive officer William “Hank” Henderson described how underwriting tightening in other areas of the auto-finance market is benefitting the...
Aug
29
2017
FORT WORTH, Texas -
As reports continue to arrive stemming from the damage caused by Hurricane Harvey in Texas and elsewhere along the Gulf Coast, Ignite Consulting Partners gave buy-here, pay-here dealers and other auto finance providers three reminders associated with...
Aug
15
2017
J.D. Power’s latest dealer study underscores importance of underwriting department
COSTA MESA, Calif. — Answering questions such as "What's needed to complete this customer's financing?" appears to be the main theme of which finance companies scored well in the J.D....
Jun
29
2017
Used-car sales likely to reach 3.2 million in June
CARY, N.C. — Used-car sales this month could trend down a bit from May, but they should maintain the same annualized rate, according to Edmunds.
The company released its monthly industry sales...
Jun
01
2017
AutoGravity enters NJ, its 49th state
IRVINE, Calif. — AutoGravity announced on Thursday that it has introduced its car financing mobile app to New Jersey, making it the 49th state in which the company currently operates.
The AutoGravity app is available...
Apr
07
2017
Ford Recalls More Than 200,000 Vehicles
Ford Motor Co. is recalling 208,584 2014 Escape; 2014-15 Fiesta ST; 2013-14 Fusion and 2013-15 Transit Connect vehicles equipped with 1.6L GTDI engines.
Financial Solutions
Mar
28
2017
Moody’s sees consumers on ‘trade-in treadmill’
NEW YORK — In a new report released on Monday, Moody’s Investors Service explained what likely might be happening in the war rooms at auto finance companies nowadays.
Financing providers are increasingly faced with the...
Feb
16
2017
Appeals court grants rehearing, vacates decision that questioned CFPB’s constitutionality
WASHINGTON, D.C. — As reported by other media outlets as well as the American Financial Services Association and Hudson Cook, the U.S. Court of Appeals for the District of Columbia...
Dec
06
2016
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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