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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
Pre-Owned Values Down 1.4% in November

Black Book reports retained values for used vehicles decreased sharply last month. If the index holds through December, it will end 2019 on a year-over-year...

https://www.autodealertodaymagazine.com/359648/pre-owned-values-down-1-4-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
Categories: Awards
Priority One Makes 2019 One Tampa Bay List

Priority One Financial Services has been recognized as a One Tampa Bay honoree by the Tampa Bay Business Journal.

https://www.autodealertodaymagazine.com/359595/priority-one-makes-2019-one-tampa-bay-list
Categories: Compliance
Mass. Dealer Agrees to Nearly $1M Settlement

The Boston-area AutoMax group has agreed to a $925,000 settlement after facing accusations of misrepresenting vehicles, warranty and service contract...

https://www.autodealertodaymagazine.com/359632/mass-dealer-agrees-to-nearly-1m-settlement
Categories: F&I, Fixed Ops, Industry
RepairPal Shops to Perform DOWC Service Contract Repairs

A new partnership connects Dealer Owned Warranty Company service contract holders with RepairPal’s network of 2,500 certified repair shops.

https://www.autodealertodaymagazine.com/359538/repairpal-shops-to-perform-dowc-service-contract-repairs


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