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THE GOOD FIGHT: Paul John, executive director of the Georgia Independent Automobile Dealers Association, discusses how the association fought against state legislation that would have raised the taxes on used-car purchases.

Banks Grow Market Share in Auto Finance

Banks Grow Market Share in Auto Finance Featured

The non-prime automotive financing sector experienced the sixth consecutive year of market growth in 2016, according to the 2017 Non-Prime Automotive Financing Survey.
Banks led market share development with a positive gain in 2016, delinquenices and operating expenses increased, while profits decreased.
Co-sponsored by the National Automotive Finance (NAF) Association and American Financial Services Association (AFSA), the survey is a benchmarking tool to identify trends in the industry.
Through the combined efforts of both associations, 54 companies participated in this year’s survey.
This is the 21st year of the survey, started by NAF, and the third year both trade associations have teamed up as co-sponsors. This effort is thought to be the most comprehensive survey of the non-prime auto lending sector.
Over the past few years, significant improvements to the survey have been made. For example, an easier data gathering approach through a web survey and new reporting format gives the report broader and more comprehensive coverage and provides information that cannot be found anywhere else.  Contributing to the report are TransUnion, FactorTrust and Black Book, providing additional market insight by supplying data and analysis on nonprime auto financing.  

Last modified on Wednesday, 04 October 2017 21:15
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...

Porsche Recalls Cayennes for Fuel Leaks

Porsche Recalls Cayennes for Fuel Leaks

Porsche Cars North America Inc. is recalling 50,145 2003-06 Cayenne S and Cayenne Turbo vehicles, 2004-06 Cayenne vehicles, and 2006 Cayenne S "Titanium" Edition vehicles. These gasoline-powered vehicles...

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