News
Senators Propose Chinese Connected Car Ban
Just weeks before President Trump is set to meet with the Chinese president, two U.S. senators proposed a bill with the aim of protecting Americans’ data.
Read More →
AE Magazine
MENU
SEARCHMENUSEARCHJust weeks before President Trump is set to meet with the Chinese president, two U.S. senators proposed a bill with the aim of protecting Americans’ data.
Read More →
Last week, Cox Enterprises announced the formation of Cox Automotive, an entity that includes more than 20 wholesale and retail auto brands — among them Manheim, AutoTrader.com and Kelley Blue Book, reported Auto Remarketing. Forming Cox Automotive, officials said, “further strengthens the company’s investment in the automotive industry and provides end-to-end global solutions for customers ... Read More »
Read More →New car and truck loans have ballooned to an average of 5 1/2 years from four to five years not long ago, allowing buyers to afford more expensive vehicles and fulfill their urge to drive the newest thing now, reported The Detroit News. Auto industry analysts say that longer term auto loans — some for ... Read More »
Read More →The repo man is getting very busy as a growing number of car and truck owners are struggling to make their monthly auto loan payments, reported NBC News. Experian, which analyses millions of auto loans, said Wednesday that the percentage of those loans that were delinquent or ended up in default with the vehicle being ... Read More »
Read More →Survivors have filed about 100 claims for loved ones killed in one of 2.6 million recalled General Motors cars, according to a spokeswoman for Ken Feinberg, administrator of the automaker’s compensation fund, reported Detroit Free Press. As of Friday, claims also were filed by 184 people who were injured in one of the cars, which ... Read More »
Read More →ORLANDO, Fla. – US Equity Advantage® (USEA) has passed a significant milestone, transmitting more than $1.3 billion in loan payments for its members, according to the company’s latest operating data. USEA is an industry leader in providing safe and secure early loan payoff services from home and automotive to RV, boat and student loans. The ... Read More »
Read More →FORT WAYNE, Ind. – VisionMenu has made it even easier to eContract with the latest enhancement vContract™ VisionMenu released vRate™, an unprecedented feature of VisionMenu, in March to allow the user to rate multiple providers and multiple products simultaneously. vContract™ takes the user the final step by allowing them “print all” capability. “If a dealer ... Read More »
Read More →The cycle is a familiar one on Wall Street. First comes a lending boom. And then, after the abuses and excesses of a bubble, there is the government crackdown, reported The New York Times. Now, as federal prosecutors and regulators wrap up many of their largest mortgage investigations, they are shifting their focus to another ... Read More »
Read More →Federal prosecutors are scrutinizing whether employees inside and outside General Motors Co. GM’s legal department concealed evidence from regulators about a faulty ignition switch, potentially delaying a recall of vehicles with the fatal problem, according to people familiar with the matter, reported The Wall Street Journal. The investigation is at an early stage, one of ... Read More »
Read More →Ford Motor Co has told its U.S. dealers to stop test-driving and selling C-Max and Focus models produced during a week this month because of potential problems with the steering gear assembly, a notice sent to dealers on Wednesday shows, reported Reuters. A Ford spokeswoman said Thursday none of the affected vehicles were sold to ... Read More »
Read More →WASHINGTON, D.C. — On Wednesday, the Consumer Financial Protection Bureau (CFPB) ordered First Investors Financial Services Group Inc. to pay a $2.75 million fine for providing inaccurate information to credit reporting agencies. The issue was related to computer system flaws, which the agency said impacted “tens of thousands” of the auto finance company’s customers. Texas-based ... Read More »
Read More →
