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Auto loan origination activity this year is the strongest it has been for banks since 2006, with new credit generated during January and February totaling $141 billion.
Read More →CNW Research expects May deliveries to rise 6 percent vs. the same period last year, but says there are some worrisome trends to watch.
Read More →In the first quarter of 2013, 30-day auto loan delinquencies rose 1.3 percent, 60-day delinquencies increased 12.4 percent and repossessions rose 16.9 percent when compared with the previous year.
Read More →Marquet International released its annual white collar fraud and embezzlement report today. The report reveals that more automotive employees are embezzling than in previous years.
Read More →DealerSocket is ready to release its RevenueRadar, an advanced database-mining tool that integrates with DealerSocket CRM and every major DMS.
Read More →The Consumer Financial Protection Bureau is reportedly looking into the sale of F&I add-ons, a move that comes less than two months after the bureau said it would hold indirect auto lenders responsible for lending practices it considers discriminatory.
Read More →Dealertrack Technologies elected Joe Payne to its board of directors. Payne is the former chairman and CEO of Eloqua, a provider of cloud-based marketing applications.
Read More →CU Direct Corporation partners with Canada’s largest credit union to develop eSpaceAuto.com, which will connect its members to 2,200 auto dealer and merchant partners throughout Quebec.
Read More →Auto/Mate’s recent survey found that integration with a DMS was the most important consideration when it comes to selecting a CRM. The DMS vendor also released a free e-Book.
Read More →Mobile advertising will reach $7.29 billion in 2013, and Google will take home more than half of it, according to eMarketer.
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