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Experian Automotive: Auto leasing reaches record high

Schaumburg, IL — Experian Automotive today announced that new vehicle leasing rose by 12.5 percent to achieve the highest level since it began tracking the data in 2006. According to its State of the Automotive Finance Market report, leasing accoun
Jun 7, 2013

Colorado Governor Signs Dealer Protection Bill

According to F&I and Showroom, Colorado governor signs dealer protection bill. DENVER — Colorado Gov. John Hickenlooper signed into law Wednesday a Senate bill that better empowers dealers when negotiating their franchise agreements with manufa
Jun 7, 2013

House Seeking Clarity on CFPB’s Auto Finance Guidance

According to an article on Subprimenews.com, legal experts and industry associations aren’t the only ones raising questions about how the Consumer Financial Protection Bureau intends to regulate auto lending. Now more than a dozen members of th
May 31, 2013

Which Vehicles Avoid Downward Price Impact Amid Heavy Lease-Return Volume?

Joe Overby at AutoRemarketing explores trends of vehicles that avoid downward price impact amongst increasing lease-return volume. The rising tide of off-lease volumes looks like it will stick around for the next few years, and the influx of supply h
May 31, 2013

Honda Fit EV Lease Price Drops by $130/mo

Responding to price-dropping offers from other automakers on their electric vehicles, Honda will slash the lease deal for its Fit EV starting in June. From the current level of a zero-down, $389/month lease, Honda has lowered the price to zero-down a
May 31, 2013

New TransUnion Vehicle History Score Powered by Carfax® Helps Lenders Predict Future Delinquency

CHICAGO, IL – TransUnion has developed an innovative risk assessment model designed to help auto lenders evaluate the potential for future loan delinquency based on the history of the vehicle used as collateral. The TransUnion Vehicle History S
May 24, 2013

iTapMenu Launches F&I Product Rating with Provider Exchange Network

Southfield, MI – Provider Exchange Network (PEN), a division of Open Dealer Exchange, LLC, is pleased to announce integration with the F&I mobile menu, iTapMenu. The iTapMenu will now feature electronic rating via PEN. “We couldn’t be more
May 24, 2013

Ally Ranked First On List of Top Auto Finance Companies

DETROIT, MI – Ally Financial came in first place on the 2013 Big Wheels Report list of top auto finance companies. The annual report, issued by Auto Finance News, ranks auto finance companies by the amount of finance contracts and leases outsta
May 24, 2013

Deep Subprime Loans, 30 and 60-day Delinquencies & Repossessions All Jump in Q1 for Experian

Deep subprime loans, 30 and 60-day delinquencies and repossessions all jump in Q1 for Experian, according to SubPrime Auto Finance News. SCHAUMBURG, IL — Loans to deep subprime buyers jumped in the first quarter. So did 30-day and 60-day delinquenc
May 17, 2013