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News•by Tariq Kamal•September 5, 2019

SAAR Fails to Crack 17M Despite Record August Sales

U.S. sales of new cars and light trucks fell 1.2% year-over-year in August, a sales month that extended through the Labor Day weekend and set new records for Honda, Toyota, and Subaru.

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News•by Staff•September 5, 2019

Prime Buyers Flock to Used Vehicles in Q2 Report

Experian’s Q2 auto finance report consumers continue to uncover ways to manage monthly payments. For a record percentage of prime borrowers, that meant passing on a $32,000-plus new-vehicle loan in favor of a pre-owned unit.

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News•by Staff•September 5, 2019

AAGI Acquired by Amynta Group

American Auto Guardian Inc. has been acquired by Amynta Group, creating a combined footprint that includes 15,000 dealers and 1,400 agents in the U.S. and Canada.

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News•by Tariq Kamal•September 4, 2019

Fiat Deletes 500 From North American Lineup

2019 marks the last model-year for the Fiat 500, 500e, and 500 Abarth in the U.S. and Canada, ending a 10-year production run and leaving the 500X CUV, 500L, and 124 Spider as the Italian brand’s only North American models.

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Articles•by Tariq Kamal•August 30, 2019

Powerbooking: 3 Solutions to a Pervasive P&A Problem

Learn how industry insiders and outsiders are tackling vehicle overvaluation, an archaic practice that deceives customers, puts perpetrators at risk of criminal charges, and erodes profits for finance sources and F&I product providers and administrators.

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News•by Tariq Kamal•August 29, 2019

Mazda Turns to Toyota for Captive Financing

Toyota Motor Credit will offer loans, leases, and F&I products to Mazda’s U.S. dealers and customers, replacing the JPMorgan Chase-backed Mazda Capital Services as the factory’s captive finance company.

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News•by Tariq Kamal•August 28, 2019

Volvo Adds Dealer Inventory to Subscription Program

Volvo dealers will soon be allowed to pull new vehicles off their lots and into the Care by Volvo sub service, a significant change that leads a list of reported revisions to the embattled program.

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News•by Staff•August 26, 2019

Ally: Soaring Costs Make Case for Service Contracts

An Ally/Harris survey of U.S. consumers found only 21% had purchased a vehicle service contract, propelling their average five-year maintenance and repair costs to nearly $2,000.

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News•by Staff•August 22, 2019

Feds: Fake FinCo Scored 80 Auto Loans Worth $1.7M

Six operators of a nonexistent auto finance company have been sentenced to federal prison or probation for fraudulently obtaining $1.7 million worth of loans from banks and credit unions.

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News•by Staff•August 22, 2019

EFG’s Burrow Publishes ‘Chasing Bentleys’

Former dealership manager and current EFG Companies executive Melissa Burrow has published ‘Chasing Bentleys: The Power of Accountability in Achieving Your Goals.’

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