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Q2 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
http://www.providers-administrators.com/368603/serious-delinquencies-normalizing-to-pre-pandemic-levels-as-many-lenders-make-co
Bill Katafias, a longtime retail credit executive for Wells Fargo Dealer Services, has joined CRB Auto as its new CEO. He succeeds Scott Raymer, who...
https://www.fi-magazine.com/323146/longtime-wells-fargo-dealer-services-exec-joins-crb-auto
With banks retreating from all risk tiers, an executive with CU Direct Lending said the auto finance market is primed for credit unions to pick up more...
https://www.fi-magazine.com/323207/cudl-subprime-pullback-opens-door-for-credit-unions
Dealer profits still high, though fewer units marked above MSRP.
http://www.providers-administrators.com/369713/improved-inventories-boost-december-sales
In the first of a series of F&I Think Tank webinars, attorney Eric Johnson offered a wake-up call to dealers and F&I professionals who thought the industry...
https://www.fi-magazine.com/311183/the-cfpbs-spirit-lives-on
Experian’s "State of the Automotive Finance Market: Q3 2021" report finds delinquencies remain lower than pre-pandemic levels.
http://www.providers-administrators.com/366566/new-data-shows-delinquencies-remain-low-amid-rising-average-vehicle-loan-amounts
March credit loosening, though, came with compromises.
https://www.agent-entrepreneur.com/375801/auto-loans-easier-to-come-by-1
Lease credit approvals reached 70.8% in February; Up slightly from 68% in January.
https://www.autodealertodaymagazine.com/364293/swapalease-releases-latest-figures-on-lease-credit-approvals
Report shows those 60 days or more overdue reached 10-year high.
http://www.providers-administrators.com/369365/car-loan-delinquencies-up
NADAguides.com now features J.D. Power's quality, reliability and performance ratings, and reviews. The planned site enhancements occur just eight months...
https://www.fi-magazine.com/323881/j-d-power-integrates-car-ratings-into-nadaguides-com
The bank named Tom Wirth auto finance product and strategy director. The 25-year auto finance veteran will be tasked with helping the bank’s continued...
https://www.fi-magazine.com/322044/huntington-bank-adds-auto-finance-veteran
F&I and Showroom magazine announced today that the deadline to enter the Ask Joe contest, which will send five readers to Industry Summit 2015, has been...
https://www.fi-magazine.com/321832/ask-joe-contest-deadline-extended
First portal in industry to offer lease payoff capability.
https://www.autodealertodaymagazine.com/365477/iaa-loan-payoff-enhanced-with-lease-functionality
The Edmond, Okla., Cadillac dealership is one of two Cadillac stores in the Bob Moore Auto Group, a 14-rooftop dealer group founded by Robert W. Moore.
https://www.fi-magazine.com/311079/fi-pacesetters-bob-moore-cadillac-of-edmond
The regulator who has championed New York’s crackdown on payment packing released his office’s Top 10 list of complaints received in 2017. Auto was 1,965...
https://www.autodealertodaymagazine.com/323764/auto-lands-at-no-2-on-n-y-attorney-generals-complaint-list
Wells Fargo’s first-quarter earnings call was staged amid a string of regulatory concerns, declining auto originations, and the sale of a Puerto Rican...
https://www.fi-magazine.com/323869/wells-fargo-faces-1-billion-fine-for-mortgage-and-auto-insurance-issues
US Equity Advantage has expanded its Orlando headquarters by 40% to accommodate a growing workforce.
http://www.providers-administrators.com/357587/record-growth-prompts-usea-to-expand-hq
WiseMVP offers three levels of coverage for vehicles up to 20 years in age and with up to 200,000 miles on the odometer. The new offering includes towing,...
https://www.fi-magazine.com/323122/wise-fi-rolls-out-pre-owned-vsc
With consumer credit performance maintaining healthy levels across auto, credit card, personal loans and mortgages, lenders continued to ramp up new account...
https://www.autodealertodaymagazine.com/367091/recent-vintage-loans-perform-well-even-as-more-non-prime-consumers-secured-credi
Report shows those 60 days or more overdue reached 10-year high.
https://www.fi-magazine.com/369365/car-loan-delinquencies-up
Jerry research reveals their delinquency rates rival those of the financial crisis of 2008 and 2009.
https://www.fi-magazine.com/371398/younger-borrowers-falling-behind-in-car-payments
Ally Financial announced a number of promotions and the departure of former President of Auto Finance Tim Russi.
https://www.fi-magazine.com/323875/ally-announces-sweeping-leadership-changes
Celebrated F&I trainers Luis Garcia, Gerry Gould and Rick McCormick will join forces at F&I Think Tank to lead Shark Tank, a 20 Group-like session that will...
https://www.fi-magazine.com/322176/top-fi-trainers-headed-to-fi-think-tank
The company unveiled a new company and launched a refreshed website. The latter is designed to help facilitate access to information for all PayLink Direct...
https://www.fi-magazine.com/322329/paylink-payment-plans-updates-look-and-website
Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.
https://www.agent-entrepreneur.com/366148/black-book-weekly-market-update-5
Trace Thaxton will be responsible for overseeing the company's claims, operations, and reinsurance departments. He previously served as the head of customer...
https://www.autodealertodaymagazine.com/323169/cna-national-appoints-new-senior-vice-president-of-customer-service
AutoGravity is adding First Investors Financial Services’ indirect business onto the AutoGravity platform, the two companies announced this week.
https://www.autodealertodaymagazine.com/322856/autogravity-adds-first-investors-to-vehicle-financing-platform
The NADA’s board of directors has elected Jeff Carlson as its 2016 chairman. The Colorado dealer is currently serving as NADA vice chairman.
https://www.autodealertodaymagazine.com/321970/colorados-jeff-carlson-elected-nada-chairman-for-2016
Registration is now open for Golf for Heroes, a charity tournament benefiting Carry The Load that will be held in conjunction with Industry Summit.
https://www.autodealertodaymagazine.com/323314/stoneeagle-opens-dallas-golf-tournament-registration
Tesla and BMW continue to steal marketshare from high-end competitors.
http://www.providers-administrators.com/364109/swapalease-releases-fourth-quarter-lease-trends-report-from-2020
Interest rates will continue climb, eating into inventory improvements’ effect.
https://www.fi-magazine.com/369839/car-financing-costs-will-keep-rising-this-year
SMART Payment Plan has responded to a new government program that allows customers with school loan payments to skip payments for 2 months.
http://www.providers-administrators.com/360523/smart-payment-plan-helping-customers-during-covid-19
Lease credit approvals reached 70.0% in July; Up from 67.6% in June.
https://www.agent-entrepreneur.com/365730/latest-figures-on-lease-credit-approvals-showing-an-increase-for-july
According to the regulator, this was the FTC’s first action alleging income falsification by dealerships. Charged are the owners of Tate’s Auto Group, which...
https://www.fi-magazine.com/351106/ftc-charges-arizona-group-with-falsifying-incomes-on-consumer-credit-apps
Following its recent acquisition of Dealertrack, Cox Automotive has appointed Dealertrack’s former co-president, Raj Sundaram, as its chief client success...
https://www.fi-magazine.com/321953/cox-appoints-dealertracks-sundaram-to-new-post
Q2 2022 TransUnion Credit Industry Insights Report explores latest credit trends.
https://www.agent-entrepreneur.com/368603/serious-delinquencies-normalizing-to-pre-pandemic-levels-as-many-lenders-make-co
While most luxury car lease payments decrease monthly rates, select SUVs greatly increase rates.
https://www.agent-entrepreneur.com/364580/april-auto-lease-payments-down-significantly-for-many-luxury-car-brands
Credit unions ramping up their abilities to serve their customers digitally is playing an ever-increasing role in satisfying auto-lead and auto-loan...
https://www.autodealertodaymagazine.com/364619/credit-unions-ramp-up-online-services-in-step-with-dealers-opportunities
CDK Global announced on Tuesday that AutoFi has agreed to consume digital retailing APIs from the Fortellis Automotive Consumer Exchange Platform. Equifax,...
https://www.autodealertodaymagazine.com/351024/cdk-global-adds-autofi-new-integrations-to-fortellis-commerce-exchange
Industry Summit’s annual ‘From the Boardroom’ session will feature executives from F&I product providers and software firms, who will tackle the big...
https://www.autodealertodaymagazine.com/324070/industry-summit-panel-to-examine-industrys-digital-transformation
Soft pulls can strengthen consumer confidence and trust in making the right decision, and since they aren’t locked into anything, they can resume shopping...
https://www.autodealertodaymagazine.com/368942/why-arent-more-dealers-and-lenders-leveraging-credit-first-soft-pulls
Average wholesale used-vehicle prices reached $11,141 in April, a 2.2% increase from March and a 2.5% increase from a year ago, Tom Kontos reported. The...
https://www.fi-magazine.com/323166/kontos-wholesale-prices-show-strength-again-in-april
Dealertrack announced the integration of its proprietary electronic contracting solution with Dealertrack uniFI, promising a paperless lead-to-contract...
http://www.providers-administrators.com/359063/dealertrack-unifi-completes-paperless-workflow-with-digital-contracting
F&I Think Tank’s ‘The Director’s Chair’ will feature the F&I director for the magazine’s 2016 F&I Dealer of the Year in Tom Andrews, as well as former F&I...
https://www.fi-magazine.com/323348/top-flight-fi-directors-join-fi-think-tank-roster
Synthetic identity fraud is incredibly costly and difficult to detect. Expert explains why your dealership is at risk and why a multilayered defense works...
https://www.fi-magazine.com/359872/confront-the-growing-threat-of-synthetic-id-fraud
F&I and Showroom is now accepting nominations for the 2015 F&I Dealer of the Year award. Nominations must be received by July 31, 2015.
https://www.autodealertodaymagazine.com/321773/nomination-deadline-for-fi-dealer-of-the-year-announced
F&I trainer explains why building and refining a professional skillset is more important than building a solid résumé.
https://www.fi-magazine.com/311007/beyond-the-resume
Stock are on the rise following the second quarter-point reduction to the federal funds rate in less than two months. No further cuts are planned for this...
http://www.providers-administrators.com/358304/fed-cuts-interest-rate-again-stock-market-responds
Flooding your dealership’s website with F&I content without a strategy can be just as costly as underreacting to the Digital Age. The magazine’s resident...
https://www.fi-magazine.com/351205/3-elements-of-a-balanced-online-fi-strategy
Dealership employees, general agents, vendors, finance sources, and F&I product providers are encouraged to nominate their stores and dealer clients for F&I...
https://www.fi-magazine.com/351083/fi-dealer-of-the-year-nomination-period-extended-to-aug-24