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Categories: Auto Finance, Dealer Ops, Industry
Used Car Price Gap Grows to $15K in Q3 Report

Edmunds’ latest Used Car Report finds high off-lease volumes have suppressed prices and widened the gap between new and 3-year-old models to an average of...

https://www.autodealertodaymagazine.com/359750/used-car-price-gap-grows-to-15k-in-q3-report
Categories: Dealer Ops, F&I, Industry
GSFSGroup Names Hurley CFO and VP

Former Allstate Dealer Services executive Michael Hurley has been named CFO and vice president of finance and planning for GSFSGroup.

https://www.autodealertodaymagazine.com/359736/gsfsgroup-names-hurley-cfo-and-vp
Categories: Dealer Ops, F&I, Industry
IAS Acquired by iA Financial for $720M

iA Financial Group announced the acquisition of IAS, an F&I products and services provider that counts 4,300 dealers in all 50 U.S. states.

https://www.autodealertodaymagazine.com/359700/ias-acquired-by-ia-financial-for-720m
Categories: Auto Finance, Dealer Ops, Industry
Q3 Auto Finance: Used Accounts for 55% of Loans

Experian analysts say buyers of pre-owned vehicles accounted for 55.15% of all U.S. auto loan originations in the third quarter, a 2.4% year-over-year...

https://www.autodealertodaymagazine.com/359698/q3-auto-finance-used-accounts-for-55-of-loans
Categories: Auto Finance, Dealer Ops, Industry
November Auto Loan Interest Rates Hit 21-Month Low

Edmunds analysts say Black Friday promotions helped suppress new auto loan interest rates last month, registering a year-to-date low of 5.5% and an 8.3%...

https://www.autodealertodaymagazine.com/359676/november-auto-loan-interest-rates-hit-21-month-low
Categories: Auto Finance, Dealer Ops, Industry
Regulators Appear to Endorse Alternative Credit Scoring

A joint statement from the nation’s biggest banking regulators expressed cautious optimism toward emerging decisioning models that could generate more auto...

https://www.autodealertodaymagazine.com/359674/regulators-appear-to-endorse-alternative-credit-scoring
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Discounts, Incentives Stabilize New Vehicle Prices in November

Kelley Blue Book reports the average cost to buy a new vehicle was $38,393 last month, a 1% year-over-year increase restrained by frantic efforts to move...

https://www.autodealertodaymagazine.com/359662/discounts-incentives-stabilize-new-vehicle-prices-in-november
Categories: Auto Finance, Dealer Ops, Industry
Frontier Leads Early Wave of Lease Price Drops

The latest report from Wantalease.com finds several factories already offering lease discounts ahead of the usual year-end rush.

https://www.autodealertodaymagazine.com/359626/frontier-leads-early-wave-of-lease-price-drops
Categories: Dealer Ops, F&I, Industry
UDS Acquires Dealer Marketing Link

UDS announced the acquisition of Dealer Marketing Link, a Pennsylvania F&I services provider.

https://www.autodealertodaymagazine.com/359624/uds-acquires-dealer-marketing-link
Categories: Auto Finance, Dealer Ops, Industry
Report: Spike in Wholesale Volume Hurts Pre-Owned Values

Prices for used vehicles declined 4.2% in the first 10 months of 2019 while volume increased 5.2%, J.D. Power analysts say, a trend that has begun to affect...

https://www.autodealertodaymagazine.com/359597/report-spike-in-wholesale-volume-hurts-pre-owned-values


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