According to SubPrime Auto Finance News, auto loan defaults drop to a new low in June. The auto loan portion of the latest S&P/Experian Consumer Credit Default Indices dropped to the lowest level ever recorded by S&P Dow Jones Indices and Exp

The 1.7 million-unit increase in new-vehicle sales last year helped increase profitability for franchised dealers, according to NADA Data 2013 report. The industry also added to its dealer count last year, as it continued to benefit from economy’s

Ally Financial today introduced a new, interactive Web-based training site for dealers called the Performance Development Center, which provides dealership employees customized training specifically designed for their dealership role. The new trainin

Reciting word tracks and spewing benefits is one of the least effective ways of selling F&I products to today’s continuously online, iPad wielding consumer. If your F&I manager is still using product brochures and an evidence manual with th

Higher credit losses for subprime auto fueled by private equity money, according to F&I and Showroom. NEW YORK — Stiff competition for market share, weakening loan credit and an active asset-back securities market were reasons listed in a new r

Q1 auto loan amounts climb and delinquencies improve, according to SubPrime Auto Finance News. During the same span in which Equifax indicated new credit for auto loans hit the highest level in more than eight years, the American Bankers Association&

LAKE SUCCESS, N.Y. – Dealertrack announced the launch of its eMenu for iPad app, an innovative F&I product presentation and selling tool designed to help dealers increase F&I product sales and profitability, while enhancing the overall

According to Used Car News, a dealer is under fire after charing a soldier too much interest. A Cullman used-car dealer pleaded guilty for violating federal protections for active-duty military service members by refusing to reduce the interest rate

About 80% of your DMS is devoted to Accounting. I don’t mean the accounting department and the function of producing a monthly financial statement or daily DOC, but rather the process of accounting for the operations of your dealership. Your DM