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...
Nov
10
2016
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,...
Oct
20
2016
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...
Oct
18
2016
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...
Oct
15
2016
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...
Oct
14
2016
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,...
Oct
14
2016
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.
Oct
12
2016
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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