News

WESTLAKE VILLAGE, Calif. - Consumers in the market for new and used vehicles are relying on dealerships' Web sites more, J.D. Power and Associates research shows. Traffic to dealerships' Web sites by used-vehicle buyers is up 19% over 2001, according to the J.D. Power and Associates' 2002 Used Autoshopper.com StudyT....

WEST PALM BEACH, Fla. - National 0% financing offers from the Big Three auto manufacturers expired Jan. 1, 2003. At press time, none of the company had announced any new incentives to replace them. Zero-percent financing offers from auto manufacturers that began shortly after 9-11 and which continued through 2002...

SACRAMENTO, Calif. - The outcome of pending class action suits on the East coast brought by consumer groups against an auto manufacturer's financing company concerning buy-rate financing could influence the shape legislation on the issue may take in California. Under arrangements dealers have with certain financing companies and institutions, dealers...

ORLANDO, Fla. - AutoCountUSA, a national research company for the auto industry and a provider of comprehensive news on the new and used auto market, teamed up with Credit Union Direct Lending (CUDL) and Callahan & Associates to help credit unions capture a larger share of the auto financing market....

DETROIT, Mich. - 2002 was one of the best years reported by the U.S. auto industry, thanks to 0% financing incentives. But the same incentives that boosted sales also cut into auto manufacturers' profits, making 2003's outlook questionable. Auto industry observers project that when the numbers for the full year...

WEST PALM BEACH, Fla. - Despite credit unions' best efforts to garner members' vehicle financing, CUs' auto loan portfolios continued to show the effects by October 2002 of competing with record low mortgage rates and dealers' 0% financing offers. Data for all credit unions from CUNA's Economics and Statistics Department...