DriveItNow Partners with Flick Fusion to Include Monthly Payment Offers on Vehicle Inventory Videos
Jan 12, 2014
DriveItNow, the leader in online monthly payment marketing technology, announced a partnership with Flick Fusion Technologies to create another industry first. ... Continue reading
NADA Issues Statement on Joint CFPB/DOJ Enforcement Announcement
Dec 23, 2013
In response to the enforcement announcement today by the Consumer Financial Protection Bureau and the Department of Justice, the National Automobile Dealers Association issued the following statement: "NADA fully supports our nation's fair lending laws and the commitment of federal agencies to eliminate discrimination ... Continue reading
Dealertrack Credit Application Network Tops 1,400 Lender Connections
Dec 21, 2013
Dealertrack Technologies today announced that the number of active lenders connected to its Dealertrack Credit Application Network now exceeds 1,400 lenders, including more than 700 credit unions nationwide. âDealertrackâs overall Dealflow Advantage, which includes our industry leading Credit Application Netw ... Continue reading
Dec 17, 2013
Ford Motor Credit Company and Lincoln Automotive Financial Services are offering customers affected by recent storms the option to delay some car and truck payments. The disaster relief program allows qualified customers to delay one or two monthly payments, resuming their regular payment schedules when their situation ... Continue reading
Recreational Vehicle Industry Expects Continued Growth in 2014
Dec 16, 2013
The popularity of recreational vehicles (RV) grew significantly in 2013, leading RV dealers to look hopefully toward the new year, according to survey results released today by GE Capitalâs Commercial Distribution Finance (CDF) business. âThe overall mood of the industry is upbeatâ One-third of survey re ... Continue reading
Dec 4, 2013
Experian Automotive today announced that interest rates for new vehicle loans dropped to 4.27 percent, the lowest rate since the organization began publically reporting the data in 2008. According to its latest State of the Automotive Finance Market report, car buyers took advantage of the lower rates in Q3 2013 to hel ... Continue reading
Used Car Marketplace - Insider's News With Ricky Beggs +VIDEO
Dec 3, 2013
Entry-Level Used Car Values Drop Further In November December 3, 2013; Black Book editors noticed that activity and values this past week were reflective of some dealers thinking about and being ready for the end-of-year sales push. ... Continue reading
Thirty-day auto loan delinquencies drop, 60-day delinquencies remain flat
Nov 13, 2013
SCHAUMBURG, IL--Nov. 13, 2013: Experian Automotive today announced that outstanding automotive loan balances have reached a record high since the company began publicly reporting the data seven years ago. According to its latest State of the Automotive Finance Market report, outstanding balances on automotive loans rea ... Continue reading
Ally's Mobile App Allows Its Customers to Manage Auto Accounts Anywhere
Nov 13, 2013
Ally Financial launched a new mobile app designed with direct customer input to make managing auto accounts easy and convenient. The Ally Auto Mobile Pay app offers customers the ability to check payment status and schedule or cancel a pending payment anywhere, anytime with just a few quick taps. "Our customers spoke a ... Continue reading
Nov 12, 2013
BillingTree, one of the nation's leading on-demand payment processors, will be debuting its newly-launched Compliance Suite at the SubPrime Forum, part of this year's Used Car Week Conference. Compliance Suite is a unique initiative that will help auto finance companies ensure compliance with laws, regulations and guid ... Continue reading
Ford Senior Level Exec Changes
Nov 5, 2013
J Mays, group vice president and chief creative officer, Design, retiring after 33-year career in the automotive industry Moray Callum elected vice president, Design, to succeed Mays Jim Tetreault, vice president, North America Manufacturing, retiring after 25-year career at Ford Bruce Hettle elected vice president, No ... Continue reading
Ally Honors 2014 TIME Dealer of the Year Nominees
Oct 24, 2013
Ally Financial is proud to announce that 57 U.S. auto dealers have been selected as nominees for the 2014 TIME Dealer of the Year award, which recognizes the nation's most successful auto dealers who also demonstrate a long-standing commitment to community service. Now in its 45th year, the TIME Dealer of the Year awar ... Continue reading
GE Capital Fleet Services Launches On-site and Mobile Maintenance Support for its Truck Customers
Oct 21, 2013
GE Capital Fleet Services today announced an agreement with Amerit Fleet Solutions, the leading U.S. provider of contract vehicle maintenance, to provide truck and specialty equipment fleets with two new, nationwide offerings through GEâs TruckVantage fleet management service: on-site and mobile maintenance. ... Continue reading
Capital One and General Motors Introduce New Automotive Rewards Card
Oct 20, 2013
General Motors, along with Capital One and Master Card, is introducing a new GM Card that offers consumers 5 percent earnings toward a new Chevrolet, Buick, GMC or Cadillac on their first $5,000 worth of net card purchases annually and an unlimited 2 percent on all other purchases. ... Continue reading
NADA Chairman Warns CFPB's Lack of Transparency Could Hurt Consumers
Oct 17, 2013
David Westcott, chairman of the National Automobile Dealers Association, today warned that the Consumer Financial Protection Bureau's lack of transparency and unresponsiveness to Congress could end up hurting consumers by increasing the cost of auto loans. "The CFPB is pursuing a policy that could weaken competition in ... Continue reading
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