Take it to the bank: U.S. auto loans hit 8-year high, from MarketWatch. Show us the car facts? All right, here’s one. The number of new auto loans in January and February hit an eight-year high, another sign the U.S. economy continues to forge ahea

Honda Finance may face U.S. penalty for discrimination in auto-loan pricing, from Automotive News. American Honda Finance Corp. disclosed that the Consumer Financial Protection Bureau and U.S. Department of Justice have concluded the company was resp

With gas prices at five-year lows, a new survey from DMEautomotive shows that car travel is the way to go for 35% of travelers over the winter holidays; and these consumers are making sure their ride is safe: 90% plan pre-trip maintenance Daytona Bea

Loan Amounts Reach Record Highs in Q3, from F&I Magazine. The average dollar amount for both new and used vehicle loans reached all-time highs in the third quarter of 2014, according to Experian Automotive’s latest State of the Automotive Fina

Toyota’s Captive Faces CFPB, DOJ Enforcement Action, from F&I Magazine. Toyota Motor Credit Corp. revealed last week in a regulatory filing that it could face an enforcement action from the Consumer Financial Protection Bureau and the U.S. Dep

The majority of customers want to test drive before they purchase. This means the test drive is a pivotal visit, especially as the average number of customer visits to dealers prior to purchasing a vehicle has dropped from five to only one in some ar

A Million Reasons to Behave, from Dealer Business Journal. Some “counts” (“causes of action,” in lawyer-speak) in a lawsuit permit a plaintiff to recover only so-called “actual damages,” or the amount that the plaintiff can demonstrate sh

What Comes First: The Sale or the Financing?, from Dealer Business Journal. There are a lot of mysteries in life. What happened to the lost city of Atlantis? Does Bigfoot really exist? Who shot JFK? For car dealers, unlocking the secret to sales and

CFPB Needs a New ‘Tool,’ Study Finds, from F&I Magazine. Almost a year after making the pledge, the American Financial Services Association (AFSA) delivered this week a study that addressed the Consumer Financial Protection Bureau (CFPB)