While staying at what analysts are calling manageable levels, TransUnion reported jumps in the auto loan delinquency rate on both a quarterly and yearly basis. TransUnion indicated the ratio of borrowers 60 days or more delinquent on their auto loans increased to 1.04 percent in the third quarter. The level marked a rise from the […] [Read More]

The J.D. Power 2013 U.S. Consumer Financing Satisfaction Study showed that those initial steps in the F&I process determine which companies score high marks with consumers and which ones do not. According to the study released on Monday, lenders that provide excellence in the servicing and onboarding experiences from the beginning of the loan or […] [Read More]

The General Motors Foundation on Tuesday announced the recipients of $2.9 million in grants for education. The grants will support 26 leading universities and partnering organizations across the U.S., through the foundation’s University/Organization Partner Program. The initiative provides funding to advance secondary education curricula in science, technology, engineering and mathematics, also known as STEM, information […] [Read More]

National Auto Care Corp., an administrator of vehicle service contract programs, said today its merger with Family First Dealer Services, a company whose core focus is on providing unique F&I product offerings, has been completed. As announced earlier this month in Auto Remarketing, NAC was selected to be the administrator of CarMark Certified, a warranty […] [Read More]

Del Mar Recovery Solutions recently chose RISC Vendor Compliance Reporting (VCR) database management software to monitor and maintain its third-party vendor compliance.  By choosing RISC VCR software, Del Mar Recovery Solutions explained that it now can efficiently manage its repossession agent network in order to maintain the industry’s highest compliance standard. Del Mar’s agent partners […] [Read More]

Evidently, U.S. lawmakers still are unclear about how the Consumer Financial Protection Bureau is going about the policing of indirect auto lending, as another Senate democrat and House republican fired more questions to the new agency. Within four days following this month’s CFPB’s Auto Finance Forum, a member of Senate Banking Committee and the House […] [Read More]

Swapalease.com executive vice president Scot Hall said he believes price trends in the lease market could get “particularly interesting” in coming months, given how lease penetration has remained in the 25-percent ballpark. And there were some rather interesting lease pricing trends spotted by Swapalease in the month of October, as well. Overall, Swapalease found that […] [Read More]

CarProof Vehicle History Reports announced this week it has made a hire in a brand new position: director of financial planning and analysis. Chosen for the role is Alison Doyle, who will be responsible for analyzing company and market data to create "actionable insights," the company said. Doyle will also work to build operating plans […] [Read More]

With its latest move announced Wednesday afternoon, Ally Financial said it has now repaid more than 70 percent of the investment the U.S. Treasury made in the company. Ally completed a private placement of 216,667 shares of Ally common stock for an aggregate price of roughly $1.3 billion, and said it also completed the repurchase […] [Read More]

As Porsche models continued to outpace all other brands in terms of year-over-year increases in consumer activity, NADA Used Car Guide’s newest shopper information showed why pickup prices in the auction lanes are staying so strong. The three leading vehicles among the Top 15 most-researched used models on NADAguides.com in October were pickups. The Ford […] [Read More]