Financial News

As tariffs start to rise in the U.S., many observers expect a negative impact on the new-car market. The impact on the used-car market remains less certain. West Coast Shipping,…
Auto finance interest rates are expected to climb to their highest level since 2009 for the second month in a row in June, according to Edmunds. The APR on new…
Credit Acceptance Corp. extended the maturity of its revolving secured line of credit facility with a commercial bank syndicate from June 22, 2020 to June 22, 2021. There were no…
Primeritus Financial Services Inc. announced the acquisition of Capital Recovery Group,LLC (CRG). Based in Tucson, Ariz., CRG is dedicated solely to the powersports community. The company was founded by Nic…
New-vehicle sales volume in June is expected to rise 2.1 percent from last year, resulting in a seasonally adjusted annual rate (SAAR) of 16.9 million. The June sales pace is…
The Conference Board Consumer Confidence Index decreased in June, following an increase in May. The Index now stands at 126.4, down from 128.8 in May. Consumers’ outlook for the labor…
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…

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