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Categories: Auto Finance, Dealer Ops, Industry, Showroom
Escalating Finance Costs Drive 24% Spike in TCO

AAA analysts say bigger price tags and higher interest rates have conspired to raise American new-car buyers’ average annual total cost of ownership to...

https://www.fi-magazine.com/358227/escalating-finance-costs-drive-24-spike-in-tco
Categories: Auto Finance, Dealer Ops, Industry
Auto Loans and Leases Up 1% in Q3

The Federal Reserve reports U.S. car buyers borrowed $159 billion in the third quarter, a modest gain powered by a 6% increase in originations to prime...

https://www.fi-magazine.com/359499/auto-loans-and-leases-up-1-in-q3
Categories: Auto Finance, Dealer Ops
Summer’s End Puts Retention Index on Downward Track

‘Market strength is waning’ for used vehicles after a strong summer, a trend that is likely to continue through the end of the year, according to the latest...

https://www.fi-magazine.com/358901/summers-end-puts-retention-index-on-downward-track
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Cox: Franchised, Independent Dealers See Two Different Markets

Cox Automotive’s latest Dealer Sentiment Index shows a marked disparity in optimism and fear factors between America’s new- and used-car dealers.

https://www.fi-magazine.com/358259/cox-franchise-independent-dealers-see-two-different-markets
Categories: Auto Finance, Dealer Ops, Industry
Cox Automotive Shares 2020 Industry Insights

Cox Auto hosted their seventh annual Industry Insights Breakfast and have shared the materials online.

https://www.fi-magazine.com/359976/cox-automotive-shares-2020-industry-insights
Categories: Auto Finance, Dealer Ops
Maybee Named President of NextGear Capital

Ten-year auto finance veteran Scott Maybee has been named president of NextGear Capital after serving as general manager of Manheim Northstar Minnesota.

https://www.fi-magazine.com/359339/maybee-named-president-of-nextgear-capital
Categories: Auto Finance, Dealer Ops, Industry
Fed Triggers Third Interest Rate Cut of 2019

The Federal Reserve has announced its third interest rate reduction since July, this time excluding language committing the central bank to action in...

https://www.fi-magazine.com/359319/fed-triggers-third-interest-rate-cut-of-2019
Categories: Auto Finance, Dealer Ops, Industry
Ford Credit Tops All Finance Sources in Customer Satisfaction

Ford Motor Credit is No. 1 in J.D. Power’s latest rankings of customer satisfaction with auto finance companies. Analysts say the metric is increasingly...

https://www.fi-magazine.com/359489/ford-credit-tops-all-finance-sources-in-customer-satisfaction
Categories: Auto Finance, Compliance, Industry
DOJ Settles Nissan Captive Case for $3M

The U.S. Department of Justice announced Nissan Motor Acceptance will pay $3 million to settle charges that it unlawfully repossessed 113 vehicles belonging...

https://www.fi-magazine.com/357772/doj-settles-nissan-captive-case-for-3m
Categories: Auto Finance, Dealer Ops, Product & Technology
Auto/Mate Introduces Remote Payments for Repair Orders and Parts Invoices

New feature allows dealership customers to pay ROs & parts invoices remotely.

https://www.fi-magazine.com/361109/auto-mate-introduces-remote-payments-for-repair-orders-and-parts-invoices


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