At a typical dealership, the finance office might only be a few paces from the service drive. But if stores large and small want to improve their performances in 2019 and beyond, EFG Companies emphasized that personnel in both dealership ... [Read More]

With less than a month remaining in the calendar year, tax matters are top of mind at the National Automobile Dealers Association. NADA recapped that the IRS recently proposed a rule on the additional first year depreciation deduction provision that ... [Read More]

The annual percentage rate on used-car financing in November went up more than a percentage point from a year ago, and the average amount financed climbed more than $500. That’s according to the latest auto finance data from Edmunds, as ... [Read More]

The process for establishing Kathleen Kraninger as the next director of the Consumer Financial Protection Bureau took another sharply, politically divided step forward on Thursday as the Senate barely approved invoking cloture to end debate about her nomination. Composition of ... [Read More]

Two companies are collaborating for enhanced subprime underwriting at a lower cost. This week, LAUNCHER.SOLUTIONS, a technology provider specializing in subprime originations, announced a strategic integration partnership with VinAudit.com aimed at reducing costs incurred by subprime finance companies for vehicle ... [Read More]

More evidence and commentary as to why the 30-day or 60-day delinquency rates connected with your portfolio might be at their current levels arrived this week. And consumer study findings coincided with the Federal Reserve chairman reiterating “vulnerabilities” within the ... [Read More]

The Fair Debt Collection Practices Act prohibits debt collectors from engaging in abusive debt collection practices. To be liable under the Act, however, the defendant must be a debt collector. And there are two ways that a defendant can qualify ... [Read More]

It’s like the federal government gave Spireon a holiday present. The U.S. Patent and Trademark Office has awarded Spireon a patent for its technology approach to managing an automotive dealership’s vehicle inventory by pairing a tracking device to a vehicle. ... [Read More]

Black Friday and Cyber Monday might have already passed, but GWC Warranty contends that dealerships still can leverage consumers’ enthusiasm for spending to rake in some retail revenue via their finance departments. “There are two ways to look at the holiday ... [Read More]

FNI Inc. president David Bafumo spent part of his Thanksgiving holiday dissecting the potential pitfalls that resulted in Santander Consumer USA reaching a settlement with the Consumer Financial Protection Bureau over a GAP product. Two days before the country carved ... [Read More]