Finance & Insurance

Consumers will likely struggle to make payments on their auto loans, especially with the Federal Reserve planning to keep raising interest rates.

Where I have been disappointed in car buying since I retired is with the lack of product knowledge and basic sales skills, writes an Automotive News reader in a letter to the editor.

Companies like Uber and Lyft have simplified the payment experience, allowing customers to make a payment with just a couple of taps on a mobile phone. Guest columnist Steve Kramer says auto lenders and banks should adopt some of these methods.

Despite the growing sophistication of fake IDs, there are warning signs dealership employees can look for to avoid selling vehicles to fraudulent buyers.

One day, auto lenders might not need to call the repo man. Instead, the car could just drive itself to an impound lot, according to a patent application filed by Ford engineers.

The survey of 264 dealers and dealership managers found differing opinions on what the FTC regulations would mean to their operations. Some called it redundant, bureaucratic and an increase in paperwork while others said it would increase customer confidence and boost transparency.