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First-half credit growth outpaced the first half of 2010 by $43 billion, with the automotive segment being one of the key drivers, according to Equifax’s National Credit Trends Report.
Read More →Black Book Online has launched its Activator Complete product, which provides accurate trade-in values and features the Credit Activator, a tool that gives customers an estimated credit score range without asking them to divulge sensitive information, such as their Social Security number or date of birth.
Read More →Despite a slew of market challenges, the automotive retail market continues to motor along. In the driver’s seat is an improving auto finance market, CNW stated in its April Retail Automotive Summary.
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The auto finance market continued to drive forward in the fourth quarter of 2010, but can it continue? Experian Automotive’s director of automotive credit runs through the numbers.
Read More →FICO announced that the auto industry is simultaneously migrating to the FICO 8 Auto Score, with most lenders expected to complete the adoption process by May.
Read More →Automotive credit continued to strengthen in the year-end quarter of 2010, as 30- and 60-day delinquencies exhibited sharp declines, according to Experian Automotive's quarterly analysis.
Read More →DealerTrack Inc., a subsidiary of DealerTrack Holdings Inc., has added functionality to its DealerTrack Performance Suite that will enable dealers to comply with the Federal Trade Commission’s new Risk-based Pricing Rule, which goes into effect on Jan. 1, 2011.
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The Risk-Based Pricing Rule's "go live" date of Jan. 1, 2011 is quickly approaching. Will you be ready to comply with the FTC's new rule?
Read More →Auto finance sources continued to loosen their standards in the third quarter, particularly for those with less-than-stellar credit, Experian Automotive reported today.
Read More →CoreLogic Credco is offering the Credit Score Disclosure Exception report as a compliance solution for the Risk-Based Pricing regulation.
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