Category: Rumors

The gap between average EV and luxury ICE vehicle loan payments is roughly $100 wider than it was a year ago.

Stella Automotive AI, Botdoc, AutoComplete, Detect Auto and QoreAI are among the companies seeking or winning new funding.

The FTC has amended the Safeguards Rule to better protect people across the country from breaches and cyberattacks that lead to identity theft and financial loss. It’s crucial that all businesses become compliant.

The FTC’s final rules will also cost dealerships about 21.8 percent less in total recurring costs than the proposed rules.

Car loan software provider Defi Solutions on April 29 reassured lenders that despite hacker claims to the contrary, no sensitive information had been accessed in a breach discovered nearly two months earlier.

The right lending partners can help a wide spectrum of buyers finance their next vehicle and at the same time inject efficiency into the loan process.

It was because the woman had already been run through the Gather system that they were able to connect the two fraud attempts.

The Michigan Court of Appeals upheld a lower court decision declaring a customer’s allegations of lease pricing deception at a Westland car dealership needed to be resolved through arbitration.

This quarter’s F&I special section in the next issue of Automotive News explores the affordability challenges testing the automotive finance market.

Same-store finance and insurance gross profit per vehicle fell at five of the top six public auto dealership groups in the first quarter 2024 compared with the first quarter of 2023.