Add LendingTree to the list of industry observers and players who don’t see a “bubble” coming in the subprime auto finance space. LendingTree analyzed the credit scores of subprime borrowers for vehicle installment contracts the company originated last year and found two distinct patterns. During the one-year period ending Dec 31, the monthly average of […] [Read More]

Along with outlining the company’s upcoming training opportunities to help dealership F&I managers, Autosoft recently announced that StoneEagle has completed the certification process for integration with the FLEX DMS as part of Autosoft’s FLEX Connect program. StoneEagle offers fully supported Web-based applications that can help dealers manage performance, accountability and production across their F&I and […] [Read More]

On Feb. 18, a coalition of industry trade groups, including the American Financial Services Association and the national Chamber of Commerce, sent a letter to the Consumer Financial Protection Bureau. In the letter, the coalition asked the CFPB to publicly respond to the 2014 Charles River Associates’ study, which found that the methodology used by […] [Read More]

After news broke that powertrain warranties on 2016 model-year Chevrolet and GMC vehicles were being reduced from 100,000 miles to 60,000 miles, Kelley Blue Book’s Eric Ibara weighed in on how this may impact resale values for these vehicles. Rest assured: there probably won’t be any measurable fallout. In fact, Ibara said, the certified pre-owned […] [Read More]

The Dealers Auto Auction of Oklahoma City held its first of several March Madness themed sales, which was also celebrated in conjunction with its 28th anniversary, this past Thursday. Its second sale following the theme will be held on Thursday of this week. “At our sales on March 12 and 19, our customers can participate […] [Read More]

The California New Car Dealers Association (CNCDA) recently selected DealerVault as a licensed vendor for one of the nation’s largest franchised store associations representing more than 1,100 members. CNCDA acknowledged dealerships are routinely asked for access to their data by vendors that range from listing inventory online to managing CRM systems. Some dealers may give […] [Read More]

One of the coldest February in years that brought record-breaking snowfall and temperatures with it had a direct impact on used-car prices. And with this slowdown in price growth and disruption to dealers and buyers, pent-up demand is expected to push prices higher than expected this month. That’s according to data shared in the latest […] [Read More]

Think of the amount of times you’ve heard these lines from customers looking to buy a vehicle but they have soft credit histories. “But I’ve made my rent payments every month. Same with my Verizon contract. Why is my credit still bad?” A recent TransUnion survey showed consumers still are largely confused about what affects […] [Read More]

Finance companies and trade associations might not always agree with the mandates from the Federal Trade Commission and Consumer Financial Protection Bureau, but the two regulatory agencies announced they plan to continue to work in tandem. This week, the FTC and CFPB reauthorized their ongoing memorandum of understanding. The regulators explained the memorandum outlines the […] [Read More]

GPS-based technology solution provider PassTime USA broadened a foreign partnership that goes back six years with the Car Finance Co., an alternative finance lender based in the United Kingdom. Officials highlighted the exclusive agreement brokered this week between the two companies will bring 70,000 payment assurance and telematics devices to Europe. “PassTime has been supplying […] [Read More]