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Gas Prices Once Again a Concern, Reports CNW
Despite a rise in gas prices, data from the first 15 days of February indicates that vehicle sales could rise 7 percent to 1.1 million units this month, according to CNW Research. Read Full Story
Average New-Vehicle Age Reaches Nearly Six Years, Polk Reports
An analysis by Polk revealed that the average length of ownership of vehicles that were purchased new has risen to a record 71.4 months, or nearly six years. Read Full Story
U.S. Consumers Paying Down Debt, Remain Cautious, Equifax Reports
Equifax reported that nearly 60 of the top 100 metropolitan statistical areas hardest hit by credit card debt realized double-digit declines in the percentage of income owed to credit card companies — nearly 24 percent in some areas. Read Full Story
Consumer Auto Demand Provides Loan Growth for Banks, Fitch Says
Fitch Ratings announced U.S. banks have a chance to foster loan growth via their auto portfolios, as consumer demand and sales of both new and used vehicles increases. Read Full Story
LEAP Financial, 722 Redemption Funding Announce Partnership
LEAP Financial and 722 Redemption Funding announced a partnership to offer redemption and replacement financing for customers filing for Chapter 7 bankruptcy. Read Full Story
The Impact Group Launches ADP Approved Interface
The Impact Group announced its latest certified interface, a direct integration relationship between ADP DMS systems and the Fusion F&I menu platform, as well as TFS’s FS Presentation. Read Full Story
AutoFerret.com’s Virtual Assistant Sends 5 Millionth Message
AutoFerret.com announced that its Automated Virtual Assistant has sent its five millionth message to auto dealership customers. Read Full Story
Auto Point, TimeHighway.com Partner on Online Service Scheduling
Auto Point Inc. and TimeHighway.com announced a partnership to give service customers the ability to schedule an appointment 24 hours a day, 7 days a week from their computers or mobile devices. Read Full Story
Visit F&I Magazine's Website for more news If you would like to send us comments or questions regarding our e-news alert, magazine or the F&I industry, please e-mail Gregory Arroyo at gregory.arroyo@bobit.com. Prepared by:Greg Arroyo Executive Editor 310-533-2592 greg.arroyo@bobit.com Jennifer Washington Assistant Editor 310-533-2496 jennifer.washington@bobit.com |
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