Opportunities for car dealers exist in high-mileage, ‘high-line’ models
Stocking models that might have previously been unthinkable are among strategies which might help dealerships manage a…
Upstart foresees $1.5 billion in auto loans, refinancing in 2022
Digital retail provider and AI auto loan underwriter Upstart is poised for significant growth this year, it…
Texas sues Vroom for alleged title delays, vehicle misrepresentation
Texas attorney general’s office said Vroom allegedly misrepresented and didn’t tell customers about holdups in transferring vehicle…
Guilty plea, sentencing for customers in Mich., Calif. dealership fraud cases
Two federal court proceedings last month illustrate the risk of customer fraud to dealerships and their lender…
Lesson from the past hints at the future of interest rates
The general economy will likely challenge bankers, automobile manufacturers, dealers and most importantly, new- and used-vehicle customers.
Straw borrower issue seen with auto dealerships
Dealerships might have encountered or even created straw borrower scenarios tens of thousands of times in 2021,…
Buying an auto dealership? Assess cyber risk
Dealership buyers should take steps to understand any cybersecurity risks associated with stores they plan to acquire,…
Ally auto loan origination dollars reach 11-year high in Q1
Ally Financial worked with 2,702 more dealerships and financed $1.4 billion more in loans and leases during…
Are GM, Stellantis car buyers more vulnerable to rising interest rates?
A Cox Automotive analysis of vehicle sale prices and average interest rates suggested certain GM and Stellantis…
Auto lenders in Massachusetts can’t charge GAP cancellation fees
Massachusetts lenders can’t charge fees when a consumer cancels a guaranteed asset protection waiver financed as part…
