Dealer OPS & Leadership
What Comes First: The Sale or the Financing?
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 financing isn’t...
CFPB Needs a New ‘Tool,’ Study Finds
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)’s concerns regarding dealer...
3 Features of New NARS Website
3 Features of New NARS Website, from Auto Remarketing. The North American Repossessors Summit (NARS), an industry event hosted by the American Recovery Association (ARA), unveiled its recently redesigned website. The site, which is now live, features new registration...
Credit Unions See Growth in Auto Finance
Credit Unions See Growth in Auto Finance, from Used Car News. Continued low auto loan delinquency rates and high demand for both new and used autos are likely reasons why credit union executives surveyed by TransUnion believe auto loans will afford them with the most...
Auction Prices Showing Signs of ‘Mid-Fall Market’
Auction Prices Showing Signs of ‘Mid-Fall Market’, from Used Car News. The auction lanes are showing signs of a mid-fall market, which is manifesting through more stable price movement and waning interest in some of the sportier vehicles. Ricky Beggs, Black Book...
CPO Sales Spike
CPO Sales Spike, from Used Car News. October was a strong month for certified pre-owned sales. CPO sales came in at 202,409, up 7.5 percent from September and 13.8 percent from October 2013. There were 27 selling days in October, for a daily selling rate of 7,497....
In Our New World, Background Checks Leave Much to Be Desired
I must have slept through my high school social studies class. I must not have paid attention when I was in law school. I apparently find myself in a curious new world. To use an old expression, someone moved the cheese. In this case, the cheese is the guideline for...
Experian Automotive: Delinquency Rates Rising
Experian Automotive: Delinquency Rates Rising, from F&I Magazine. In the third quarter of 2014, 30- and 60-day automotive-loan delinquencies grew 3.7% and 8.6%, respectively, from the previous year. This is according to Experian Automotive’s latest State of the...
Prototype electric car made with a 3D printer
Prototype electric car made with a 3D printer, from gizmag. It looks like Local Motors is getting some company in the 3D-printed car arena. German electric vehicle manufacturer StreetScooter recently completed the prototype of its C16, most of the exterior components...
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