As many may remember, using a home-equity loan to make a new-vehicle purchase was a key method for acquiring a vehicle prior to the recession and the house-price collapse, according to CNW Research. But firm president Art Spinella says recent trends suggest that consumers are reverting back to home equity loans, especially among those who […] [Read More]

Revealed Tuesday, executives from DealerTrack are slated to speak at the upcoming 12th Digital Dealer Conference. The event, scheduled for April 3–5 in Orlando will include the company’s Peter Batten, director of digital retailing solutions, and Dennis Carey, director of inventory management solutions as session leaders. [Read More]

In perhaps one of the most unusual guest appearances the traveling artist troop has encountered, Cirque du Soleil and sponsor Infiniti will be teaming up to feature the all-new Infiniti JX during a Cirque du Soleil performance. The performance, titled, “Le Voyage Inspire,” will be available online at noon EST, this Thursday on the company’s […] [Read More]

NADAguides revealed Tuesday it is offering a 15-day free trial of its new housing inventory valuation and portfolio management online application. Housing CONNECT provides banks, credit unions, finance companies, manufactured home retailers, community owners and more with access to 53 years of used value data, the company explained. So, how does it work? [Read More]

FORT LAUDERDALE, Fla. — Subprime lender Southern Auto Finance Co. revealed this week it is expanding into new markets in the Midwest. Now servicing more than 2,000 automobile dealerships in nine states, SAFCo announced its services are now available in the Illinois, Indiana, Michigan and Ohio markets. “Partnering with new dealers in these Midwest markets to provide financing for […] [Read More]

ARLINGTON, Texas — Earlier this week, SFG Finance, a purchaser of auto paper from buy-here, pay-here dealers, franchised stores, finance companies, banks and credit unions, revealed its new senior vice president and manager of portfolio acquisitions. Tapped for the role is Robert Chickowski, who as a member of senior management will be responsible for the […] [Read More]

TORONTO — It may not yet have a Canadian stronghold, but Mark Dubois envisions the potential for the buy-here, pay-here financing business in Canada. And he’s reaching out to the country’s dealers at a grassroots level during this year’s Auto Remarketing Canada conference presented by CarProof, where he will teach them more about the BHPH […] [Read More]

BUFFALO, N.Y. — First Niagara Financial Group entered the indirect auto lending business today, providing what the company says is a variety of vehicle financing options through dealerships across the Northeast. Executives indicated the new program is immediately available in New York, Connecticut, Massachusetts, New Jersey, Rhode Island, Delaware, New Hampshire, Vermont and Maine. The […] [Read More]

The Consumer Financial Protection Bureau recently revealed a proposed rule that would codify protections for privileged information submitted to the bureau by the financial institutions it regulates. Back in January, the CFPB advised the institutions it supervises that the submission of privileged information to the CFPB does not waive any applicable privilege with respect to […] [Read More]

Auto Auction Services Corp. (AutoIMS) recently released the results of a survey it conducted about floor pricing, including aggregate findings from more than 325 commercial vehicle consignor responses. Goals of the survey included assessing the preferences held and the challenges faced by the commercial consignor community as it relates to pricing vehicles for auction sale. Survey responses came […] [Read More]