Articles

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Cybersecurity Should Be a Concern for Auto Lenders, Dealers

In the age of the internet, cyber-data security has grown to become one of the largest areas of concern for auto dealers, lenders, and their partners, EFG Companies recently cautioned. According to the Identity Theft Resource Center and CyberScout, 1,579 data breaches occurred in 2017, a 44.7% increase compared toRead More

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New Car Loan Interest Rates Dip to Lowest Point in 3 Years, WalletHub Finds

Average interest rates on new-car loans are 14% lower than interest rates on average used-car loans, according to WalletHub’s first-quarter Auto Financing Report released today. “Interest rates for new cars are at one of their lowest points in the past three years,” according to the report. However, at the same time,Read More

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How to Attract (and Retain) Millennial Talent

For companies looking to attract a growing millennial workforce to their organization, management needs to take a broader approach and find what changes they can make to the company culture to appeal to all types of employees, Scott Gunnell, vice president of sales strategy and development at JM&A Group, toRead More

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4 Fundamental Ways to Bolster Human Resources Development

Technology in the auto industry and the workplace are constantly growing and updating, but if finance companies and dealerships aren’t careful, these changes could leave them with an uninformed and unprepared workforce. The emergence of disruptive technologies and practices such as ridesharing, autonomous vehicles, and online direct dealing are alreadyRead More

Disruptive Economy Offers ‘Big Role’ for Auto Lenders, GM Financial CEO Says [VIDEO]

Disruptive Economy Offers ‘Big Role’ for Auto Lenders, GM Financial CEO Says [VIDEO]

Mobility and disruptive technology continue to develop in the automotive industry, and there’s a “big role” for auto finance companies in a disruptive economy, according to Dan Berce, president and chief executive of General Motors Financial Co. As General Motors Co. — GM Financial’s parent — takes more strides intoRead More

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A Rosy Used-Car Sales Outlook? Not Necessarily, Independent Dealers Say

Looking back at the year that just closed, the car sales environment was generally positive. Although the U.S. auto industry’s seven-year run of increasing sales came to an end, the overall sentiment is cautiously optimistic for 2018. However, a closer review of this past year’s data shows a mixed bagRead More

AutoGravity to Add Security Features to Auto Loan App, CTO Says [PODCAST]

AutoGravity to Add Security Features to Auto Loan App, CTO Says [PODCAST]

AutoGravity is prioritizing the implementation of new security features for its mobile app as part of its digital roadmap this year, in addition to exploring uses for biometrics, the company’s new Chief Technology Officer Sheng Wang said during episode 6 of The Roadmap. One of the natural “blocking points” inRead More