Latest OnLine Editon  Read Here

LEGAL UPDATE: Sean Petersen, NIADA senior vice president of legal and governmental affairs, talks about recent legal issues affecting independent dealers.  One change in Nevada regulates the use of starter-interrupt and GPS devices.

Mortgages Lead to Auto Credit

Mortgages Lead to Auto Credit Featured

A new TransUnion study found that consumers applying for a new mortgage are on average two to three times more likely to open a new auto loan over the next 12 months.

In fact, many of these consumers open these accounts as soon as one month after their existing mortgage payoff.

Prime or better mortgage applicants on average can be up to three times as likely to open a new auto loan in that same 12-month period.

TransUnion’s study included 16.7 million consumers who paid-off their mortgages and moved with new mortgages or refinanced their existing mortgages between the first quarter of 2013 and the second quarter of 2015. The study observed consumers in the prime or better risk tiers, who make up the large majority of the mortgage-seeking population.

Read 4050 times Last modified on Friday, 08 July 2016 18:56
Consumer Reports Ranks Brands For Reliability

Consumer Reports Ranks Brands For Reliability

Toyota and Lexus once again finished atop the Consumer Reports’ Annual Auto Reliability Survey, but the news was the No. 3 finisher – Buick.The General Motors division became the first...

FTC Approve Fuel Guide Changes

FTC Approve Fuel Guide Changes

The Federal Trade Commission announced that the agency has approved changes to the Fuel Economy Guide.Adopted in 1975, the Guide (formally, the “Guide Concerning Fuel Economy Advertising for...

  • Research Firm Highlights Autos
    Research Firm Highlights Autos Stock-Callers.com spotlighted auto dealership groups in its recent stock research report.It stated the auto dealership industry, which continues to benefit from an improved labor force, cheap gas and low interest…
    Written on Tuesday, 16 August 2016 14:34
  • Auto Finance Tops $1 Trillion
    Auto Finance Tops $1 Trillion The total balance of open automotive loans climbed 11.1 percent in the first quarter surpassing the trillion-dollar mark for the first time on record, Experian Automotive reports.According to the most…
    Written on Friday, 15 April 2016 00:00
  • FTC Accuses Dealers of Yo-Yo Financing
    FTC Accuses Dealers of Yo-Yo Financing The Federal Trade Commission has charged nine Los Angeles-area auto dealerships and their owners with using a wide range of deceptive and unfair sales and financing practices. This is the…
    Written on Sunday, 02 October 2016 18:53
  • Car Harmony Partners with Westlake
    Car Harmony Partners with Westlake Car Harmony, an online car shopping service, introduced a new finance tool for car shoppers. In partnership with Westlake Financial Services, Car Harmony’s new tool prequalifies customers to build their…
    Written on Thursday, 28 July 2016 15:20
  • Black Book Inks Marketing Deal
    Black Book Inks Marketing Deal Black Book announced an agreement for Outkazt Media to distribute Bullseye Prospecting as a resource to streamline efficiencies and elevate profit potential in auto dealer customer campaigns. Bullseye Prospecting leverages…
    Written on Tuesday, 19 July 2016 15:35
  • Delinquencies Rise, Outlook Remains Stable
    Delinquencies Rise, Outlook Remains Stable The seasonably slow summer months are translating to notable increases in annualized losses and delinquencies for U.S. subprime auto loan ABS, according to the latest index results from Fitch Ratings.…
    Written on Thursday, 25 August 2016 14:00
  • Auto Finance Remains Strong, But Concerns Increase
    Auto Finance Remains Strong, But Concerns Increase Delinquencies and losses on prime auto loan ABS remained historically low through June, despite slow growth in the U.S. economy, according to Fitch Ratings. Most economic factors that affect ABS…
    Written on Friday, 05 August 2016 14:32
  • FCA Names Customer Service Winners
    FCA Names Customer Service Winners An inaugural group of 124 Chrysler, Jeep, Dodge, Ram and Fiat dealerships have earned the 2016 Customer First Award for Excellence.By achieving this elite status, these FCA US LLC dealerships…
    Written on Sunday, 24 July 2016 16:29
  • Lender Relationships Critical to Dealer Success
    Lender Relationships Critical to Dealer Success The relationships auto finance providers develop with dealerships are critical to dealer satisfaction and to remaining competitive in the market, especially as the new-vehicle sales market tightens, according to the…
    Written on Monday, 15 August 2016 14:53
  • Bank Launches Floor Plan Program
    Bank Launches Floor Plan Program Republic Bancorp Inc. recently rolled out its new dealer floor plan lending platform. The bank made the move to further diversify its loan product mix and complement its indirect auto-lending…
    Written on Tuesday, 26 July 2016 13:28