Tag: auto loans
Flexible pricing can help make payments more affordable for younger car...
As if the post-pandemic and supply chain issues weren’t enough the last few years…now financial experts are still banging the drum that a recession...
Fed raises interest rates one more time, indicates hikes could be...
The Federal Reserve has hiked interest rates once again, this time by 0.25%, but appears poised to discontinue the dis-inflationary tactic.
After the last increase...
New car buyers face record-high monthly auto loan payments
Monthly auto loan payments have hit an all time high, according to data published by Edmunds.
The report sourced data from the last quarter of...
Beyond PVR — dig deeper for greater F&I success
What does success look like in the F&I department? How should it be measured? PVR (per vehicle retailed) is currently the most examined metric used...
Kia dealership to pay $1.25 million in fraud allegations settlement
A New Hampshire Kia dealership has agreed to a payout of $1.25 million over allegations of deceptive sales practices.
The New Hampshire state Consumer Protection...
Leveraging the power of your dealer brand with white label F&I
Even though dealers have to manage multiple competing issues of low inventory, rising lending rates, and a pandemic that is not quite 100% gone,...
Auto loan delinquencies rise as pandemic-era government assistance ends
With inflation and higher prices still a factor across the country, a growing number of Americans are struggling to make their monthly auto loan...
How to stay competitive with online VSC companies
Since the pandemic hit, dealers are finding that the landscape of online aftermarket providers has increased, and they are targeting consumers that want to...
Fraud is on the rise in lending — here’s how to...
2021 was a year of recovery for the entire automotive industry, and for dealers in particular. Showroom traffic increased even during a once-in-a-generation inventory...
Auto loan defaults and car repossessions are rising—should car dealers be...
Dealership owners are concerned as repossessions continue to increase. According to the Cox Automotive Industry Insights 2021 presentation, repossession in 2020 was the lowest in...
