Financial News

A little over two years after being acquired by Mexico City-based Credito Real, AFS Acceptance LLC has announced it will be changing their name to Credito Real USA Finance (CRUSAfin).…
The auto finance default rate has steadily fallen in 2018 and now is at its lowest rate since July 2017, according to S&P Dow Jones Indices and Experian. The S&P/Experian…
Pre-approvals and credit checks remain a critical component of the automotive shopping process. That is among the findings Equifax Inc. unveiled through additional analysis in its ongoing study of consumer…
Honda Certified Pre-Owned vehicles set an all-time monthly sales record in May, with sales of 26,192 certified pre-owned vehicles, topping the previous sales high of 25,139 vehicles in August 2013.…
Interest rates continue to rise and that is starting to have an effect on varios parts of the car business. The Federal Reserve recently increased the federal funds rate by…
Fresh investment and capital from new players, including international buyers kept the pace of franchise dealership acquisitions at a high level in the first quarter, according to The Blue Sky…
Black Book announced the integration of its vehicle valuation data with Goldpoint Systems, a loan origination system utilized by auto finance providers across the United States. Goldpoint’s suite of financing…
Several manufacturers reported very strong certified pre-owned sales in May. Mazda reported an all-time high for CPO sales, with 4,823 vehicles sold. This marks an increase of 21 percent year-over-year.…
Auto finance rates for new cars are expected to hit record highs not seen since 2009 in May, according to Edmunds. The annual percentage rate (APR) on new financed vehicles…

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