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iA Financial Group announced the acquisition of IAS, an F&I products and services provider that counts 4,300 dealers in all 50 U.S. states.
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Experian analysts say buyers of pre-owned vehicles accounted for 55.15% of all U.S. auto loan originations in the third quarter, a 2.4% year-over-year increase.
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National Auto Care announced the launch of NAC Connect, a new vehicle service contract that includes one year of free telematics service.
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The 2020 event is scheduled for May 3–6 and will take place at The Cosmopolitan for the first time.
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Edmunds analysts say Black Friday promotions helped suppress new auto loan interest rates last month, registering a year-to-date low of 5.5% and an 8.3% year-over-year decline.
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Kelley Blue Book reports the average cost to buy a new vehicle was $38,393 last month, a 1% year-over-year increase restrained by frantic efforts to move 2019-MY inventory.
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The latest report from Wantalease.com finds several factories already offering lease discounts ahead of the usual year-end rush.
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UDS announced the acquisition of Dealer Marketing Link, a Pennsylvania F&I services provider.
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Prices for used vehicles declined 4.2% in the first 10 months of 2019 while volume increased 5.2%, J.D. Power analysts say, a trend that has begun to affect the commercial market.
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Priority One Financial Services has been recognized as a One Tampa Bay honoree by the Tampa Bay Business Journal.
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