Your potential customer has what could be a great trade; a vehicle that will stand tall on the front line and probably turn quickly. But then that vehicle is involved in an accident. To help all parties involved, Dealer Owned ... [Read More]

Experienced dealership managers and finance company executives might remember a juncture when subprime permeated much of used-vehicle financing. People with softer credit profiles opted for less-expensive used vehicles with a contract they could manage and risk that the provider deemed ... [Read More]

The Federal Reserve sensed the U.S. economy is becoming ill stemming from the COVID-19 coronavirus outbreak, so policymakers made the surprise move on Tuesday by cutting the target range for the federal funds rate by 50 basis points to 1.00% ... [Read More]

As purchase preferences continue to skew toward SUVs and trucks, pushing average prices higher, Edmunds noticed what those buyers are being charged to finance that acquisition remained stable in February. Edmunds reported on Tuesday the average interest rate for new-vehicle ... [Read More]

New York authorities recently indicted a pair of former managers at an Empire State Hyundai dealership, alleging they defrauded the franchised store and JPMorgan Chase of more than $1.5 million. Westchester County District Attorney Anthony Scarpino Jr. announced that James Castellano ... [Read More]

New York Attorney General Letitia James opened National Consumer Protection Week on Monday by releasing the list of top 10 consumer fraud complaints received by her office in 2019. Automotive complaints didn’t top the list, the attorney general indicated issues ... [Read More]

Digital Air Strike rolled out two new tools earlier this month, one specifically aimed at shortening the time of vehicle delivery when financing is involved. After 10 years of monitoring and managing consumer sentiment, Digital Air Strike said it has ... [Read More]

Friday is Feb. 28, but it’s not the last day of February as 2020 is a Leap Year, adding an extra day in the second month of the year. To help finance companies consider an array of potential issues stemming from this ... [Read More]

Dealerships and finance companies now again can cater to servicemembers and their families just like any other civilian customers who finance a vehicle purchase. According to a news release distributed on Thursday afternoon, the U.S. Department of Defense has granted ... [Read More]

In its newest study of used-vehicle sales, LendingTree analyzed more than 600,000 auto-finance queries from prospective contract holders in the top 100 U.S. metro areas based on population. Analysts found the city with residents financing the oldest used vehicle on average ... [Read More]