A joint effort by the IIHS and Consumer Reports to encourage the adoption of automatic emergency braking found that most automakers have implemented the life-saving technology on their vehicles. Some automakers, though, remain on a list of those that have not equipped most of their vehicles with the technology in …
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Lincoln Automotive Financial Services led luxury dealers for the eighth year in a row in J.D. Power’s annual U.S. Consumer Financing Satisfaction study, while Truist — formerly known as BB&T — took the lead for mass-market brands. J.D. Power said last week the results weighed responses of 10,103 customers who …
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The U.S. Supreme Court is in session, and the lawyers at Hudson Cook are keeping an eye on a few upcoming legal cases that could cause ripples in the auto finance and retail sectors. Here are three cases before the court they feel could have far-reaching implications: Facebook Inc. v. …
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When it comes to helping you drive, one system guides better than all the rest and it is Cadillac’s Super Cruise, Consumer Reports announced on Wednesday. The non-profit consumer advocacy group tested 17 advanced driver assistance systems (ADAS) to determine which ones best helped the driver on long highway road …
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Editor’s note: An earlier version of this story mischaracterized how consumers can secure pre-qualification for an auto loan online. Vehicle listings company CarGurus is expanding the financing component of its vehicle shopping platform through an integration with RouteOne, CarGurus said last week during a call with analysts. The feature, which …
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Ford Credit posted a $ 500 million profit for the second quarter, down 38 percent from $ 800 million in the second quarter of 2019, the lender said last week, thanks in part to lower value projections for active leases. Ford Motor Co.’s finance arm, at the same time, says …
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Data sets that auto lenders typically use to determine who is creditworthy have been upended by the fallout of the coronavirus, consumer credit experts say. As a result, lenders concerned with loan losses and fraud have clamped down on access for customers they believe pose more risk to their business. …
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New Wells Fargo & Co. CEO Charlie Scharf’s first overhaul included bringing in yet another former JPMorgan Chase & Co. executive and breaking the firm’s main businesses into smaller fiefdoms. The reorganization divides the bank’s business lines into five units from three previously, Wells Fargo said in a statement Tuesday. …
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After four federal interest rate hikes in 2018 and three reductions last year, consumer auto loan rates are easing, according to analysts who track auto loan patterns and dealers committed to finding the best rates for their customers. The Federal Reserve last cut its interest-rate target Oct. 31, to a …
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