The Federal Reserve has decided to keep its target lending rate at 3.5% to 3.75% in an 11-1 vote held amid persistent inflation and new geopolitical concerns. +
Launcher’s appTRAKER auto and consumer loan origination system has integrated with Carleton Inc.’s CarletonDocs compliant document generation platform. +
Automotive Ventures’ Justin Charbonneau will present “AI, China, and the Next Wave of Innovation in Auto Retail” as part of the half-day, agent-focused event at Agent Summit. +
A Pennsylvania judge has ordered Hyundai to pay Knight Motors $9,784,075 in storage fees after refusing to repair 163 Sonatas subject to an engine recall. +
A “concerned” FTC director is warning U.S. dealerships and dealer groups that their advertised prices may fail to account for fees, down payments, discounts and financing. +
An InformedIQ study based on a survey of more than 2,500 auto finance professionals finds the majority live in fear of “data hallucinations” as the burden of fraud grows. +
Dealertrack's Credit Availability Index climbed to 101.3 in February, a 6% year-over-year improvement, despite a lower overall approval rate and a widening yield spread. +
Kelley Blue Book’s Erin Keating sees rising ATPs as “more like normalization than a new pricing problem” as MSRPs — and incentive spending — ticked upward in February. +
Experian reports subprime borrowers accounted for 15.3% of U.S. auto finance originations in the fourth quarter, claiming their largest share of the market since 2021. +
The owners of Eastern Iowa’s Sky Auto Mall are accused of double flooring in a lawsuit that seeks $12.3 million in compensatory damages and the seizure of financed units. +
