U.S. consumers willing to pay auto bills in quarantine, TransUnion finds
A survey of nearly 3,000 U.S. consumers conducted by TransUnion reveals that those affected financially by COVID-19…
Ford Credit Q1 earnings spiral
The captive finance arm attributes the drop to efforts to bolster credit-loss reserves — the funds it…
Consumers with negative equity struggle with digital deals, retailer finds
Digital processes support most of the vehicle transaction, though 80 percent of customers require assistance from employees…
Relief fund offers aid for F&I managers impacted by COVID-19
The F&I Providers Relief Fund for F&I Managers has so far raised $362,000 for dealership F&I personnel…
Remote car deals could trigger atypical FTC rule, experts say
The Federal Trade Commission’s guidance on remote sales, known as could apply to vehicle sales under certain…
CARES Act, established protocols key to protecting customer credit
The Coronavirus Aid, Relief and Economic Security Act adds some wrinkles to how auto lenders should approach…
Subprime car buyers skipping loan payments, lender says
As unemployment soars, borrowers are putting off payments or “reallocating resources,” Credit Acceptance Corp. said in a…
GM, Ford captive financiers may lose billions on used-car price plunge
Used-car prices are falling faster and steeper than JPMorgan was first expecting, lead analyst Ryan Brinkman wrote…
Toyota savings bank chief promoted to lead N.A. info systems
Holly Walters, who has been with Toyota since 2007, will oversee information systems, solutions and technology. Mike…
Study connects safety systems with reduced insurance claims
Property damage and bodily injury liability claims are decreased when improved front crash preventions and adaptive cruise…
