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CFPB Guidance Questioned by Industry and Lawmakers

According to Auto Remarketing, CFPB guidance questioned by industry and lawmakers. Ever since the Consumer Financial Protection Bureau released its fair lending guidance to indirect auto lenders on March 21, dealers and lenders have questioned the ba
Jul 5, 2013

Ford Mustang Outsells Chevrolet Camaro

According to Detroit Free Press, Ford Mustang outsells the Chevrolet Camaro. For the second straight month, Ford’s Mustang has beat the monthly sales tally of its archrival, the Chevrolet Camaro. It was up for the first half of the year as well
Jul 5, 2013

June Pre-owned Vehicle Sales are Up, Transactions Prices are Down

According to F&I and Showroom, June pre-owned vehicle sales are up and transactions prices are down. CNW Market Research reported today that a late surge in used-car shoppers and buyers in the franchised and private party channels has put the use
Jul 5, 2013

CFPB Orders Bank to Pay $6.5M in Restitution

According to F&I and Showroom, CFPB orders bank to pay $6.5M in restitution. WASHINGTON — U.S. Bank and one of its nonbank partner companies, Dealers’ Financial Services (DFS), were ordered to pay $6.5 million in restitution to participants i
Jun 28, 2013

NAC Now Offering Results-Driven F&I Training Services to Increase Product Knowledge & Help Clients Succeed

NAC is pleased to announce a partnership with Chari Fogel Associates, Inc., a training company specializing in automotive F&I sales management and leadership training nationwide, that will provide a wide range of new training benefits to NAC’s
Jun 28, 2013

Subprime Auto Loans Trigger Q1 National Delinquency Rate Uptick

Subprime auto loans trigger Q1 national delinquency rate uptick, according to SubPrime Auto Finance News. CHICAGO — TransUnion didn’t hesitate in stating the slight uptick in the national auto loan delinquency rate occurred because of a rise
Jun 28, 2013

4 Truths of F&I

4 truths of F&I, according to F&I and Showroom. There’s a lot of speculation floating around about the Consumer Financial Protection Bureau (CFPB)’s recent targeting of dealer participation. What’s important in times like this is that w
Jun 21, 2013

S&P/Experian Spots Solid Credit Default Rates for May

According to SubPrime Auto Finance News, S&P/Experian spots solid credit default rates for May. NEW YORK — Analysts who compile the S&P/Experian Consumer Credit Default Indices found a steady pattern for May as the auto loan rate moved marg
Jun 21, 2013

Pre-owned Vehicle Value & Recovery Impact as Leasing Soars more than 200 Percent

According to SubPrime Auto Finance News, pre-owned vehicle value and recovery impact as leasing soars more than 200 percent. NEW YORK — Fitch Ratings explored the potential ramifications on used-vehicle values and the impact on recoveries as the au
Jun 21, 2013