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Categories: Auto Finance, Compliance, Dealer Ops
Police: Fla. Dealer Couple Faked 35 Sales Contracts

A Florida Highway Patrol investigation led to the arrests of husband and wife dealers accused of submitting at least 35 phantom RISCs for purchase by an...

https://www.autodealertodaymagazine.com/359814/police-fla-dealer-couple-faked-35-sales-contracts
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Democrats Signal Defeat on EV Tax Credit

The federal spending bill being negotiated by House and Senate leaders is not likely to include an extension of the $7,500 tax credit for buyers of electric...

https://www.autodealertodaymagazine.com/359780/democrats-signal-defeat-on-ev-tax-credit
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Sense of Urgency Pervades Q3 Dealership Acquisitions

Kerrigan Advisors’ latest Blue Sky Report finds the pace of U.S. dealership buy/sell activity quickened in the third quarter and could accelerate further in...

https://www.autodealertodaymagazine.com/359773/sense-of-urgency-pervades-q3-dealership-acquisitions
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: 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
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


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