Financial News

Auto finance default rates continue to remain stable. S&P Dow Jones Indices and Experian report that the auto finance default rate fell to 1.05 percent from 1.09 percent in February.…
APCO Holdings, home of the EasyCare, GWC Warranty, Covideo, and Savy brands, has named David Vickers as the company's new chief financial officer. Vickers brings 35 years of experience in…
Ally Financial Inc. and Fair announced a strategic relationship in which Fair will use Ally's SmartAuction as a remarketing solution for its returned cars, and offer consumers flexible car financing…
CalAmp announced plans to partner with TransUnion to help insurance carriers better manage risk, minimize replacement losses and improve customer service. The partnership intends to leverage TransUnion's insurance data and…
Innovate Auto Finance, a purchaser and servicer of automobile loan portfolios and provider of line-of-credit financing, has hired Kevyn Rails as vice president of portfolio acquisitions. In this role, Rails…
Kroll Bond Rating Agency (KBRA) has released its monthly auto loan indices. Annualized net losses and 60-plus day delinquencies fell month-over-month in both KBRA’s Prime and Non-Prime Indices. However, non-prime…
FCA US LLC reported March 2018 sales of 216,063 vehicles, a 14 percent increase compared with sales in March 2017 of 190,254 vehicles. The sales surge was lead by a…
The analysts at Kelley Blue Book reported the estimated average transaction price for light vehicles in the U.S. was $35,285 in March, an increase of $703 (2 percent) from year-ago…
The Conference Board Consumer Confidence Index decreased in March, following an increase in February. The Index now stands at 127.7, down from 130 in February. Consumers’ outlook for the job…
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