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LEGAL UPDATE: Sean Petersen, NIADA senior vice president of legal and governmental affairs, talks about recent legal issues affecting independent dealers.  One change in Nevada regulates the use of starter-interrupt and GPS devices.

Millennials Finance Cars at Higher Rate

Millennials Finance Cars at Higher Rate Featured

A recent TransUnion study found Millennials’ appetite for new auto loans has grown at a faster rate than Gen X borrowers at the same age points.
TransUnion’s study evaluated credit origination trends over 12 months (2015 for Millennials and 2001 for Gen X) for both generations at the same ages between 21 and 34. The study found that Millennials are opening new auto loans and personal loans at a higher rate.
The study found 14.58 percent of Millennials opened new auto loans between the ages 21-34. For Gen X borrowers, it was 12.09 percent at the same point.

Last modified on Thursday, 31 August 2017 00:43
Consumer Reports Ranks Brands For Reliability

Consumer Reports Ranks Brands For Reliability

Toyota and Lexus once again finished atop the Consumer Reports’ Annual Auto Reliability Survey, but the news was the No. 3 finisher – Buick.The General Motors division became the first...

OSHA Fines Lynnway Auto Auction for Safety Violations

OSHA Fines Lynnway Auto Auction for Safety Violations

The federal Occupational Safety and Health Administration (OSHA) cited Lynnway Auto Auction Inc. for electrical, struck-by, and other hazards at its auto auction facility in Billerica, Mass.On May...

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