Category: Blog

Bankruptcies Register First Consecutive Monthly YOY Increases Since 2010

Posted by crosbyru - February 16, 2017 - Blog
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Bankruptcies Register First Consecutive Monthly YOY Increases Since 2010 While bankruptcies plunged last year to their lowest levels since the implementation of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2015, filings are beginning to climb, according to the American Bankruptcy Institute. Financial Solutions

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Dealer Advice Following Court Action Against CFPB

Posted by crosbyru - October 18, 2016 - Blog
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Automotive Compliance Consultants urges dealers to stay vigilant despite action against CFPB CRYSTAL LAKE, Ill. — Automotive Compliance Consultants advised dealerships to remain vigilant and attentive to consumer business practices even though the U.S. Court of Appeals recently ruled the leadership structure of the Consumer Financial Protection Bureau is unconstitutional. “The CFPB has been the […]

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Wells Fargo Orginations Down 2% YOY

Posted by crosbyru - October 15, 2016 - Blog
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Wells Fargo Originations Down 2% YoY Wells Fargo Dealer Services saw a 2% year-over-year drop in originations — at $8.1 billion — in the third quarter, compared with $8.3 billion at the same time a year prior, according to the company’s earnings released today.  Total commercial auto outstandings at the San Francisco-based bank grew to $62.9 billion in 3Q, from $59.2 […]

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Registration Now Open for Auto Finance Summit 2016

Posted by carguy - April 11, 2016 - Blog

Registration for the 16th annual Auto Finance Summit, the world’s largest auto finance event, officially opens today. The 2016 Auto Finance Summit will take place October 5 – 7 at the Bellagio Las Vegas. The Summit is where top industry executives gather to identify industry trends and growth opportunities. The Auto Finance Summit 2016 will influence the entire […]

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NIADA BUYS TWENTY GROUP ASSETS

Posted by carguy - January 18, 2016 - Blog, Industry News

The National Independent Automobile Dealers Association acquired the operations and assets of Leedom & Associates LLCC located in Sarasota, FL. the transaction, completed Dec 14th 2015 and transfers ownership of all Leedom & Associates Twenty Groups, seminars, workshops, boot camps and consulting as well as the Dealer Business Journal and the BHPH World Convention to […]

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BB&T Switching to Flat Fee Compensation Model

Posted by carguy - June 29, 2015 - Blog

BB&T Bank’s dealer finance arm announced today that it is switching to a flat fee compensation model that eliminates dealer markups on retail installment sales contracts, effective July 1. view more

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Used Car Prices Decline 1.2 Percent In May

Posted by carguy - June 13, 2015 - Blog

The average price of a used vehicle for model years 2009-2013 declined 1.2 percent in May, according to Black Book. Domestic car prices fell 1.4 percent; import cars fell 2 percent; domestic trucks fell 0.8 percent; and domestic trucks fell 0.4 percent. Average pre-recession annual depreciation was continually recorded between 15 percent and 18 percent, […]

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Auto Notes – Sell Car Notes – Sell Bulk Auto Notes

Posted by carguy - April 22, 2015 - Blog

 Sell Auto Notes for cash. If you are considering selling some of your auto receivables you probably have a lot of questions. Call Us Today 615-414-6708   How many accounts do I have to sell at a time? What is the recourse period? How much seasoning do the accounts need? What payment types do you […]

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FTC Settles First Online Review Case

Posted by carguy - March 5, 2015 - Blog

AmeriFreight, an automobile shipment broker based in Peachtree City, Ga., has agreed to a settlement with the Federal Trade Commission that will halt the company’s allegedly deceptive practice of touting online customer reviews, while failing to disclose that the reviewers were compensated with discounts and incentives. The FTC’s complaint marks the first time the agency […]

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Sell Bulk Auto Notes – Bulk BHPH Auto Note Buyer

Posted by carguy - August 26, 2014 - Blog

Sell Bulk Auto Notes – Bulk BHPH Auto Note Buyer According to recent statistics, almost 70% of adults have credit problems that may affect their ability to secure credit. This brings about a great opportunity to those dealers who offer In House Financing or, otherwise known as, Buy Here, Pay Here. For the Buy Here, […]

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