Ease of Purchase Score Slumps

CDK Global says result dipped from 85% to 81% in November.

Auto Financing for Lotus Luxury Cars Grows

New programs stem from Lotus Cars USA and Santander Consumer partnership.

How to Truly Establish a Digital Presence for Used Autos

Guidance applies to dealers, lenders and original equipment manufacturers.

Captives Recapture US Vehicle-Financing Market

Experian reports their financing rate outpaces banks and credit unions.

Experian Releases Used EV Finance Data

Consumers financed more than 91,000 used electric vehicles (EVs) in 2022, up 45% from 2021, according to Experian data.

New Financing Technology Boosts Deliveries for Dealers

In 2021, the company installed a limited distribution of financing kiosks in dealer showrooms, giving customers the ability to apply for a recreational loan in under five minutes and without ever leaving the dealer’s lot. 

ProMax’s Palmer to Share Loan-Approval Tips at Dealer Summit

CFPB Faces Mounting Criticism, New Bipartisan Bill

WASHINTON, D.C. — The Consumer Financial Protection Bureau’s targeting of the indirect auto financing channel is taking fire once again. On Monday, the The Wall Street Journal published its second op-ed piece questioning the bureau’s tactics. Later that evening, Congressional lawmakers introduced a new bipartisan House bill that aims to rescind the CFPB’s March 2013 ... Read More »

Auto Dealer Associations Back Call for the CFPB to Correct Bias Found in Auto Lending Enforcement

WASHINGTON – The National Automobile Dealers Association (NADA), the American International Automobile Dealers Association (AIADA), and the National Association of Minority Automobile Dealers (NAMAD) today applauded the efforts of five financial services organizations to fix the serious flaws in the Consumer Financial Protection Bureau’s approach to regulating auto financing. The groups, which include the American ... Read More »

New AFSA Study Refutes CFPB Allegations

WASHINGTON, D.C. – The American Financial Services Association offered its latest rebuttal this morning to contentions by the Consumer Financial Protection Bureau about problems with the indirect auto financing process, reported Auto Remarketing. A comprehensive study commissioned by AFSA of more than 8.2 million auto financing contracts found that the disparity alleged by the CFPB ... Read More »