VW CPO sales set May record
Volkswagen’s 650 U.S. dealers sold a record 11,087 certified pre-owned vehicles in May, thanks to an aggressive…
Failed Calif. law would have strained auto finance market, group says
During the coronavirus pandemic, federal, state and local governments have introduced measures designed to prevent the spread…
COVID-19 top concern for N.Y. dealership association’s new head of compliance
Thomas Higgins, the incoming director of compliance at the Greater New York Automobile Dealers Association, spoke with…
F&I product provider launches flexible mileage service contract
EFG Cos.’ Motorist Assistance Plan vehicle service contract can be customized in 2,500-mile increments, allowing finance-and-insurance managers…
Unchanged Fed rate signals pessimism for 2020’s second half
The Federal Reserve stayed the course on the benchmark interest rate last week, highlighting expectations for a…
As new-car demand returns, leasing levels refuse to rally
Leasing, which comprises nearly one-third of new-vehicle sales, dropped in April to the lowest levels since 2015…
Reagor Dykes estate sues Ford Credit for $315 million
The estate contends Ford’s captive finance arm could not have acted in good faith, as the bank…
New tools can improve dealership verification methods
Software companies are developing new tools to combat auto fraud by enhancing identity verification techniques.
Credit unions, banks lose share during COVID-19 closures
Aggressive automaker incentives bring an end to the credit environment benefiting credit unions and banks, Experian says.
Lower delinquencies, tighter credit in Q1, Experian says
Experian is the second credit bureau to report lower auto delinquencies in the first quarter, which likely…
