Industry News
S&P/Experian Spots 'Healthy' Credit Default Rates for May -- June 19, 2013
NEW YORK — Analysts who compile the S&P/Experian
Consumer Credit Default Indices found a steady pattern for May as the auto loan
rate moved marginally while the composite reading remained unchanged. S&P Dow Jones Indices and Experian determined May's auto
loan default came in at ...
[ Full Story ]
Used-Vehicle Value & Recovery Impact as Leasing Reportedly Soars More Than 200 Percent -- June 19, 2013
NEW YORK — Fitch Ratings explored the potential ramifications
on used-vehicle values and the impact on recoveries as the auto leasing origination
market soars, reportedly spiking by as much as 248 percent in May alone. Fitch contends that continued competition from ... [ Full Story ]
Dealertrack Technologies to Discuss Compliance in Another Free Webinar -- June 19, 2013
LAKE SUCCESS, N.Y. — Along with introducing a new online
trade-in appraisal tool, Dealertrack Technologies is hosting a free webinar titled,
"Your Top 5 Compliance Concerns for the Summer." The session is scheduled for ...
[ Full Story ]
NIADA Names F&I Firm as National Member Benefit Partner -- June 19, 2013
ARLINGTON, Texas — The National Independent Automobile
Dealers Association announced its endorsement of an F&I service for
independent dealers it called "best in class." Named by the NIADA as a National Member Benefit Partner is ...
[ Full Story ]
FTC Issues Revised Business Guide on Red Flags Identity Theft Rule -- June 17, 2013
WASHINGTON, D.C. — The Federal Trade Commission issued revised
guidance designed to help businesses such as dealerships comply with the
requirements of the Red Flags Rule, which protects consumers by requiring
businesses to watch for and respond to warning signs or "red flags" of identity
theft. Regulators explained that the guidance outlines ...
[ Full Story ]
ProMax Unlimited On Track for 2,000 Dealer Users by Year End -- June 17, 2013
DAVENPORT, Iowa — Triggered by new solution capabilities,
ProMax Unlimited, a Web-based subprime financing software provider, highlighted
the growth trajectory it is enjoying this year. Company officials contend they are on track to have ...
[ Full Story ]