Financial News

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.…
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…
Financing for used vehicles reached $19,536 in the first quarter, a new record high, reports Experian. The average credit score for a used vehicle loan rose to 655 during the…
Westlake Financial Services announced a new spot delivery insurance program. The program is underwritten by Knight Management Insurance Services LLC and is now available to Westlake’s dealer partners in California.…
The new-vehicle retail sales pace in May is expected to fall from year-ago levels, according to a forecast developed jointly by J.D. Power and LMC Automotive. However, the average new-vehicle…
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