California’s Brown blocks Trump offshore drilling

By | 2018-09-10T18:34:01+00:00 September 10th, 2018|Categories: #climatechange, Auto industry news, California|Tags: |

SACRAMENTO – Governor Edmund G. Brown Jr. today signed legislation – SB 834 by Senator Hannah-Beth Jackson (D-Santa Barbara) and AB 1775 by Assemblymember Al Muratsuchi (D-Torrance) – to block new federal offshore oil drilling along California’s coast, and announced the state’s opposition to the federal government’s plan to expand oil drilling on public lands [...]

State of the Automotive Finance Market

By | 2018-09-10T17:22:01+00:00 September 10th, 2018|Categories: Auto industry news|Tags: |

* Second quarter 2018 continues a series of record highs for loan balances with credit unions maintaining double-digit growth - New monthly payments hit $525 hitting an all-time high! Record highs are reported by Experian for average used vehicle loan amounts. • Overall delinquency improves driven by reductions in the credit union and finance company [...]

California legislature to strengthen car dealer franchise laws

By | 2018-08-31T11:45:24+00:00 August 31st, 2018|Categories: Auto industry news, Politics|Tags: |

SACRAMENTO, CA – The California New Car Dealers Association, representing more than 1,150 new car dealers statewide, has achieved a significant milestone in its aggressive efforts to strengthen and update California’s new motor vehicle franchise laws. In the final hours of the 2018 legislative session, AB 2107, authored by Assemblymember Eloise Reyes (D-San Bernardino), received [...]

Top 10 States With the Highest Auto Loan Delinquencies

By | 2018-06-01T06:09:28+00:00 May 31st, 2018|Categories: Auto industry news|Tags: |

Auto loans are at an all-time high, up year-over-year to $1,108 TRILLION for the first quarter of 2018, according to Experian. The good news is that the deep sub-prime and sub-prime have reduced year-over-year. Deep subprime, is defined as a FICO score below 300-500 by Experian, and subprime is a FICO score of 501-600. [...]