Auto loan debt jumps in third quarter, N.Y. Fed saysAuto originations in the third quarter marked a large improvement over the last, the Fed said, which saw more extreme impacts of the coronavirus pandemic. |
Pandemic vehicle-ownership trend drives F&I product salesWary of the various expenses that come with vehicle ownership, consumers are seeing additional value in protection products, an Ally Financial survey finds. |
Don't count subscriptions out yetThe industry can make these services work, but it needs to change a few things first. |
N.Y. dealership settles claims of deceptive practices targeting Chinese, non-English-speaking customersThis is the second New York dealership to be charged with deceiving non-English-speaking customers in two years. |
Consumer finance cases headed to Supreme Court could impact auto financeHudson Cook is eyeing three cases in particular that deal with deceptive advertising enforcement, arbitration agreements and the Telephone Consumer Protection Act. |
Ford, Truist rank highest in consumer finance satisfactionA J.D. Power study also found accelerated digitization of dealership finance-and-insurance departments during the pandemic impacted consumer responses. |
Though improved, pandemic conditions prevail in auto financeTransUnion says that millions of auto loan accounts remain in some form of financial hardship status, and ongoing economic pressures will further strain peoples' wallets. |
GM to launch auto, home insurance businessThe program, which covers auto, home and renters' insurance, will launch for GM employees in Arizona this quarter, and GM plans to make the product available to customers nationwide by the end of next year. |
Lightico secures $13 million, reveals 2 auto lender customersThe capital secured from the latest investment round will be used to add scale to the software as a service company, grow its customer base and invest in its technology platform. |
GM Financial's auto loans climb, delinquencies fallLoan and lease originations increased 14 percent, and only 2.1 percent of payments were 31 to 60 days past due. |