The Washington PostGetty Images Experts who pay attention to auto loans see trouble on the horizon and think repo men and women will be busy in the new year. Coronavirus era federal stimulus payments and unemployment benefits are mostly finished, and there’s no hint that we’ll get another aid package …
Read More »New Honda Civic Likely to Add All-Wheel Drive
Honda has hinted that the new Civic may add an option for all-wheel drive. It won’t be available at launch, Honda suggested, but may be added to the lineup later on. The 2022 Civic sedan will go on sale in spring 2021, with other versions to follow. It seems that …
Read More »Election outcome likely to impact auto finance landscape
Three factors will be pivotal in shaping the automotive industry’s trajectory, according to Cox Automotive Chief Economist Jonathan Smoke: the spread of COVID-19 and a potential vaccine; the size and timing of an additional round of government stimulus; and the outcome of the 2020 election. But perhaps the most important …
Read More »FCA likely to recall 1M Jeeps, Chryslers for excessive emissions
Fiat Chrysler Automobiles is likely to recall about 1 million Jeep, Chrysler, and Dodge vehicles in the U.S. for excess tailpipe emissions, the Detroit Free Press reported Wednesday. Internal testing by FCA revealed the 2.4-liter “Tigershark” inline-4 used in vehicles such as the Jeep Cherokee, Jeep Renegade, Jeep Compass, Chrysler …
Read More »Post-Pandemic, You’re More Likely to Take More Road Trips
Marc UrbanoCar and Driver University of Illinois at Chicago researchers found that more people in the Chicago area are anticipating taking road trips post-COVID-19 pandemic. The survey showed that many are expected to remain fearful of flying even after the risks of the pandemic have passed. The researchers are working …
Read More »Remote sales will likely continue after quarantines
During the coronavirus, remote vehicle deliveries are essential. But as dealerships become accustomed to remote e-signing tools and customers stay away for fear of endangering themselves or their families, will contact-free car sales become more normalized? Among the software companies offering free or reduced-price services during the COVID-19 closures, finance-and-insurance …
Read More »FICO’s new scoring model likely widens gap between borrowers
Fair Isaac Corp. says the latest update to its widely used credit scoring system will likely widen the gap between the number of borrowers with sterling credit and those with spotty records. Though FICO says the changes will be modest for most consumers, it could mean added pressure on subprime …
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