Consumers Relying on Financing, Experian Reports

SCHAUMBURG, Ill. —Consumers are relying on financing more than ever to buy their next vehicle, according to Experian Automotive. The firm’s latest State of the Automotive Finance Market report shows that the percentage of new vehicles purchased with financing in the fourth quarter of 2014 increased over the previous year to reach 84%. Used vehicles ... Read More »

New Study Casts Doubt on Latest CFPB Allegations against Automaker Finance Arms

WASHINGTON – A new study by the research firm Charles River Associates (CRA) casts doubts on recent allegations made by the Consumer Financial Protection Bureau (CFPB) against Toyota Motor Credit Corp. and American Honda Finance Corp. concerning disparate impact in the pricing of auto loans, reported the NADA. Among the CRA study’s key findings was ... Read More »

Comment Period Opens for CFPB’s New Rule

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB)’s proposed rule that would give it supervisory authority over larger participants in the nonbank auto finance segment was published in the Federal Register on Oct. 8, kicking off a 60-day public comment period that ends on Dec. 8. If adopted, the proposed rule would generally allow ... Read More »

Auto Loan Default Rate Falls to Eight-Year Low

Independent Auto Finance Company AFC HoldCo will Close

Conservative Consumers to Challenge Dealers, F&I Departments, Says KBB

Summer's Coming and Car Loans Won't Be Easy

Why It's Easier (for Drivers with Good Credit) to Buy a Car Now

GMAC Names New CEO; Michael A. Carpenter Will Lead Next Phase Of Renewal