As the federal Consumer Financial Protection Bureau (CFPB) continues to advance aggressively against auto lenders and thus auto dealers, it is imperative management reviews how it handles and complies with federal Fair Credit Reporting Act regulation

Experian Automotive today announced that quarterly vehicle repossessions dropped by 14.8 percent to achieve the lowest rate since it began tracking the data seven years ago. According to its latest State of the Automotive Finance Market report, 0.36

According to F&I and Showroom, July SAAR jumps to 15.8 million units. A majority of manufacturers experienced record-breaking sales for the month of July. According to Autodata Corp., sales paced at a seasonally adjusted annual rate of 15.8 milli

According to WDTN.com, local dealer faces multiple lawsuits. A well-known auto group in the Miami Valley paid out hundreds of thousands of dollars to settle civil lawsuits. We are checking court records involving Jeff Schmitt Auto Group. At least 25

Vendor management for auto lenders amid CFPB oversight, according to Auto Remarketing. Fiserv’s Craig Carrow has a list of five keys to successful remarketing, four of which deal with topics like lower turn time, increased returns, lower operationa

Ally Financial will introduce the first of several new ads in August that showcase diverse dealers. The ads are the latest addition to Ally’s “Success Stories” campaign, which celebrates the dealers and their leadership in the commu

TrueCar, Inc. the automotive pricing information and analysis company that creates a better buying experience for dealers and consumers, estimated today that the average transaction price (ATP) for light vehicles in the United States was $31,088 in J

According to SubPrime Auto Finance News, almost 70% of pre-owned vehicle sales included financing. The finance office stayed busy in July working up contracts for used vehicles as CNW Research determined 68.9 percent of all used sales last month incl

Ford raises $1 billion with year’s first benchmark 10-year bond, according to Bloomberg. Ford Motor Co. (F), the second-largest U.S. automaker, raised $1 billion in its first sale of benchmark 10-year bonds since September. Ford Motor Credit’