Credit Acceptance Co. has added a new lender to one of its revolving secured warehouse facilities. As a result, Credit Acceptance increased the amount of the facility to $250 million…
Auto finance continues to grow even as delinquencies rise. The Federal Reserve Bank of New York’s quarterly report on household debt finds auto finance balances continued their six-year upward trend.…
The Connecticut Department of Consumer Protection’s Lemon Law Program processed 64 cases in 2017. This resulted in $2.3 million being returned to consumers, a significant increase from previous years. The…
Gas prices continue to rise, topping $3 a gallon in most parts of the country. But so far, there has been little effect on the used-car business. “We’re good for…
Spireon was named IoT Vehicle Telematics Company of the Year in the 2018 Compass Intelligence awards. Voted on by a judging panel of more than 40 industry-leading journalists, editors and…
PassTime and Megasys announced the companies have completed a software integration project. With the new integration project complete, customers will be able manage their PassTime GPS products using the Megasys…
The auto finance default rate fell to 0.99 percent in April from 1.05 percent in March. The S&P/Experian Consumer Credit Default Indices shows that the overall composite rate decreased to…
A recent study of consumer trust was bad news for CarMax Inc. The Temkin Group’s 2018 Temkin Trust Ratings finds that CarMax was one of eight companies that declined by…
Like many people, Eugene Rubinchuk, general manager of Michael's Auto Plaza in East Greenbush, N.Y., first started paying attention to Bitcoin when it shot up in price last fall. Rubinchuk…