New study slams CFPB methodology

12:01 am U.S. ET | Nov. 19, 2014 | UPDATED: 11/19/14 11:53 am ET - adds CFPB statement
The statistical method the Consumer Financial Protection Bureau uses to identify which consumers belong to minority groups correctly identified African-American borrowers only 24 percent of the time.... Read More »

AutoNation to add branded F&I products next year

12:01 am U.S. ET | Nov. 19, 2014
AutoNation will start selling private-label F&I products in 2015 as part of the rollout of its new digital storefront.... Read More »

Demand for faster deals could speed e-contracting

12:01 am U.S. ET | Nov. 19, 2014
Dealerships are trying hard to speed sales transactions, and that may give a shot in the arm to electronic signatures and e-contracting for auto...... Read More »

Dealertrack bullish on auto sales, financing

10:00 am U.S. ET | Nov. 12, 2014
U.S.... Read More »

Credit unions aim to boost auto loans in 2015

10:00 am U.S. ET | Nov. 12, 2014
Credit unions are putting auto loans on the front burner in 2015.... Read More »

Online financial transparency trumps lowest price, dealer says

10:00 am U.S. ET | Nov. 12, 2014
Customers who apply for vehicle financing on driversselect.... Read More »

Merger raises question about finance veteran Landy's next move

10:00 am U.S. ET | Nov. 12, 2014
The newly merged Flagship Credit Acceptance and CarFinance Capital will be led by Flagship CEO Michael Ritter, private-equity firm Perella Weinberg...... Read More »

Bundlers beware: 1-price packaging pitfalls

12:01 am U.S. ET | Nov. 10, 2014
Dealer David Kelleher is such a fan of product bundling, he looks for it in everything he buys.... Read More »

Why Santander says it's behind on Chrysler Capital targets

12:01 am U.S. ET | Nov. 5, 2014
Santander Consumer USA has a long way to go to hit the Chrysler Capital sales penetration targets called for in its contract with Chrysler Group.... Read More »

Q&A

How some customers cheat themselves

12:01 am U.S. ET | Nov. 5, 2014
When Hennessy Buick-GMC in Georgia signed up this year for an Equifax system that automatically verifies employment and income, Finance Director...... Read More »

GM's summer deals stoke Ally volume

12:01 am U.S. ET | Nov. 5, 2014
Summer incentive programs at General Motors boosted Ally Financial's volume of subvented new-car loans by $800 million in the third quarter, the...... Read More »

SEC investigates Ally on subprime loans, securitization

2:08 pm U.S. ET | Oct. 31, 2014
Ally Financial is being investigated by the Securities and Exchange with regard to “subprime automotive finance and related securitization...... Read More »

GM takes charge of its branded F&I products

6:53 am U.S. ET | Oct. 29, 2014
General Motors is bringing the sales of its branded F&I products in-house, taking over responsibility from captive finance company GM Financial, in a...... Read More »

Huntington Bank focuses on internal auto loan growth

7:22 am U.S. ET | Oct. 29, 2014
Huntington Bank, of Columbus, Ohio, switched gears in the last year from expanding its footprint and adding new markets to cultivating more business...... Read More »

Captives see big rise in leases

7:10 am U.S. ET | Oct. 29, 2014
Leases accounted for almost half of GM Financial originations in the United States and Canada in the quarter.... Read More »

Sonic learns the importance of paperwork, staffing

12:01 am U.S. ET | Oct. 22, 2014
In launching its One Sonic-One Experience initiative, Sonic Automotive had the technology, the store and the full attention of its top management...... Read More »

Huntington, Fifth Third, Capital One target prime-risk auto loans

12:01 am U.S. ET | Oct. 22, 2014
Some big banks in auto lending are responding to tougher competition by zeroing in on prime-risk loans.... Read More »

Consumer Portfolio grows, staffs up for tax-refund season

12:01 am U.S. ET | Oct. 22, 2014
Consumer Portfolio Services increased auto originations 35 percent in the third quarter to $279.... Read More »

Anderson named CEO at Exeter Finance

12:01 am U.S. ET | Oct. 22, 2014
Subprime auto lender Exeter Finance Corp.... Read More »

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How 3 dealerships are connecting with tech-savvy shoppers

Three dealers have found ways to forge bonds with car shoppers who are short on time and long on Web smarts. A Honda store has mobilized a young sales team hired from Starbucks and Best Buy. Mon., November 17
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