Finance & Insurance

Servicecontract.com, a newly launched software-as-a-service company, claims to pick up service contract sales where dealerships leave off, through targeting customers who didn't purchase the F&I product in the store.

The American Financial Services Association says rule changes proposed by the Consumer Financial Protection Bureau last spring could be applied to first-party creditors such as auto lenders.

The latest outbreak, in which applicants changed the last four digits of a valid Social Security number to create a synthetic identity, are likely tied to a rise in Credit Privacy Number selling — a credit repair scam.

Some trends that characterized the auto-lending marketplace entering the last decade will carry over to the next.

Many of the issues dominating today's auto finance market are expected to continue in the new year, according to credit bureau TransUnion.

Longer auto loan terms, rising levels of delinquencies and higher-than-normal interest rates helped shape 2019, presenting dealers and lenders with some headwinds.