AIADA: Is Your F&I Department Under Attack?
Friday, May. 17, 2013, 12:00 AM
Nick Zulovich
ALEXANDRIA, Va. — While there is a lot of talk in the media these days about America's economic recovery, the truth is that most Americans are experiencing a recovery that is tepid, at best. Many of us are still struggling ... [Read More]
RDN: Recovery Trends Soften in April
Friday, May. 17, 2013, 12:00 AM
Nick Zulovich
REDWOOD CITY, Calif. — Most of the metrics included in the latest RDN Monthly Analytics Update indicated downward movement in April. Analysts said April recovery volumes dropped 2 percentage points versus the March level. However, the April reading came in ... [Read More]
‘Truck Country’ Dominates Top 10 Markets for Highest Monthly Payments
Wednesday, May. 15, 2013, 12:00 AM
Nick Zulovich
SANTA MONICA, Calif. — Nearly half of the markets represented among the Top 10 for the highest monthly auto loan payment for a new model in April are located in the same state, according to Edmunds.com. And popular vehicles sold ... [Read More]
Experian: Deep Subprime Loans, 30- and 60-Day Delinquencies & Repossessions All Climb in Q1
Wednesday, May. 15, 2013, 12:00 AM
Nick Zulovich
SCHAUMBURG, Ill. — Loans to deep subprime buyers jumped in the first quarter. So did 30-day and 60-day delinquencies as well as repossessions. The latest State of Automotive Finance report from Experian Automotive showed that 30-day auto loan delinquencies rose ... [Read More]
NABD Offering Day Passes for Dealer Academy & National Conference
Wednesday, May. 15, 2013, 12:00 AM
Nick Zulovich
LAS VEGAS — The National Alliance of Buy-Here, Pay-Here Dealers is still giving operators the chance to attend at least part of its upcoming Dealer Academy and National Conference. NABD is offering day passes for the events that begin Sunday ... [Read More]
DriveItNow Highlights New Shop-By-Payment Technology
Wednesday, May. 15, 2013, 12:00 AM
Nick Zulovich
CINCINNATI — DriveItNow, a provider of online monthly payment marketing technology, described its new patent-pending Shop-By-Payment service as one aimed at "totally changing" the way consumers shop for vehicles on the Internet. How? DriveItNow says its new Shop-By-Payment service flips ... [Read More]
AFSA White Paper Examines Foreign Language Requirements
Monday, May. 13, 2013, 12:00 AM
Nick Zulovich
WASHINGTON, D.C. — The American Financial Services Association's state government affairs committee recently published a white paper on foreign language requirements for consumer contracts. The paper highlights three states — California, Nevada and New Mexico — that have gone farther ... [Read More]
Exeter Finance Completes $400M Securitization
Monday, May. 13, 2013, 12:00 AM
Nick Zulovich
IRVING, Texas — Specialty auto finance company Exeter Finance Corp., announced the completion of its third rated term securitization late last week, issuing $400 million in notes backed by subprime automobile installment receivables. The company explained the notes were purchased ... [Read More]
Dealertrack Readies Solutions to Handle Changing Regulatory & Retail Worlds
Monday, May. 13, 2013, 12:00 AM
Nick Zulovich
LAKE SUCCESS, N.Y. — Dealertrack Technologies chairman and chief executive officer Mark O'Neil emphasized that the more governmental regulations dealers face, the more valuable the company's suite of solutions are. Along with highlighting store appeal for its inventory management system ... [Read More]
Hudson Cook Adds New Partner in Pennsylvania
Monday, May. 13, 2013, 12:00 AM
Nick Zulovich
HANOVER Md. — Hudson Cook recently brought in its third new partner so far this year, as the new addition is set to establish the firm's new office in West Chester, Pa. Joining the provider of legal compliance services for ... [Read More]
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