Recent News

Now you have better options to dispute a credit report error

If you’re trying to correct an error in your credit report at one of the nation’s largest credit reporting companies, there is some good news. Recently, Equifax, Experian, and TransUnion added a function to their dispute-handling system that makes it easier...

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NADA Issues Letter in Support of CFPB Reform Bill

MCCLEAN, Va. — The National Automobile Dealers Association (NADA) sent a letter on Wednesday, Feb. 26, to House Members in support of H.R. 3193, a bill introduced in February that would bring greater accountability to the Consumer Financial Protection Bureau...

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TransUnion: Auto Debt Rises Again, Deliquencies Remain Subdued

CHICAGO — In the fourth quarter, auto loan debt per borrower increased for the 11th straight quarter, rising 4.4% from the year-ago period to $16,769, according to TransUnion. On a quarterly basis, auto loan debt was up from $16,685 in third quarter 2013.The...

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Cars.com Projects Highest February SAAR Since 2008

CHICAGO – As the month comes to a close and automakers prepare to report February’s sales, Jesse Toprak, chief analyst for Cars.com, reported this week that he expects new-vehicle sales to improve 1.1% from a year ago to 1.2 million units. He also put...

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Light Vehicle Sales Rebounding in Late February, JD Power and LMC Report

WESTLAKE VILLAGE, Calif. — Preliminary returns from February showed that retail light-vehicle sales were on the upswing after suffering through severe weather conditions in much of the United States in January and the first week of the month, J.D. Power and...

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Auto Loan Balances Reach New High in Q4, Experian Reports

SCHAUMBURG, Ill. — Consumers continued to make their loan payment on time, Experian’s Automotive fourth-quarter data showed, with 30-day delinquencies falling 3.5% from a year ago and 60-day delinquencies remaining flat at 0.74 percent of all open automotive...

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Frazer Software Integrates Preferred Warranties’ eContract Portal

ORWIGSBURG, Pa. — Preferred Warranties Inc. (PWI), a provider of extended service contracts for independent automotive dealerships, has announced that eContract, its portal for online contract entry, is now fully integrated with Frazer Computing Inc.’s...

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Group 1 to Implement NADA Fair Lending Plan

HOUSTON — During the company’s quarterly investor call earlier this month, Group 1 Automotive’s chief executive confirmed the operation’s intention to implement the National Automobile Dealers Association (NADA)’s new fair lending...

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Wise F&I Now on F&I Admin’s SCS Auto Platform

CHICAGO — F&I Administration Solutions LLC (F&I Admin), North America’s leading provider of software solutions for the administration of automotive F&I products, is pleased to announce that Wise F&I LLC is now using F&I Admin’s...

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Dealertrack Posts Record Revenue for 2013

LAKE SUCCESS, N.Y. — Dealertrack Technologies, which reported a 24% increase in 2013 revenues vs. 2012, said this week that the 2014 National Automobile Dealers Association (NADA) Convention and Expo in New Orleans was its most successful show to date.“The...

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