New Vehicle Inventories, Sales Stay Steady
Economic headwinds are not deterring sales, Cox Automotive analysts find.
Economic headwinds are not deterring sales, Cox Automotive analysts find.
TransUnion Global Payment Hierarchy Study observes consumer credit behavior in five countries.
Lease credit approvals reached 70.8% in February; Up slightly from 68% in January.
Norcross, Ga. – EasyCare, the leading independent provider of automotive ownership benefits and dealer services that help dealers create more passionate employees and customers, has appointed Rob Mirra as National Director of New Business Opportunities. Mr. Mirra will be leading the building of new EasyCare relationships with dealerships across the nation who are interested in ... Read More »
WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) released a report Tuesday highlighting trends in consumer complaints through August 1, with credit reporting complaints seeing the sharpest increase compared to both the prior month and prior year. The bureau has handled approximately 105,000 credit reporting complaints since it began accepting them in October 2012. ... Read More »
ATLANTA — Equifax Inc. has released its latest economic trends commentary, “Subprime Auto Loans: A Second Chance at Economic Opportunity,” which examines two groups of consumers with deep subprime credit scores over a three-year period: those who originated a subprime auto loan and those who did not. Equifax found that over the three-year time period, ... Read More »
ATLANTA — While year-to-date auto loan growth rates have slowed compared to last year, totals for new credit and the number of new loans originated for auto purchases are at all-time highs, according to Equifax’s latest National Consumer Credit Trends Report. Through June, the total number of new loans originated was 12.5 million, an increase ... Read More »
DETROIT — General Motors Co. today increased its financial support of General Motors Financial Co. (GM Financial), providing the captive finance company with a new $1 billion line of credit. The new support agreement replaces an existing $600 million credit line. It also provides that GM will use commercially reasonable efforts to ensure that GM ... Read More »
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