N.Y. dealer: We sold credit repair product 'we didn't realize was illegal'

11:00 am U.S. ET | Feb. 3, 2016
A dealership exec whose stores came under fire from the New York attorney general's office for illegal sales of credit repair services tells his side.

Ally's auto originations held flat in 2015

11:00 am U.S. ET | Feb. 3, 2016
Ally Financial's 2015 auto loan and lease originations remained flat compared with the year earlier, but that's fine with the lender's CEO. Ally made up for the loss of some General Motors business with gains elsewhere.

Cox Automotive siblings to offer F&I products

11:00 am U.S. ET | Feb. 3, 2016
Cox Automotive's new push into the finance and insurance world aims to court smaller franchised dealership groups.

Toyota Motor Credit reaches pact with CFPB over discriminatory loan pricing

4:11 pm U.S. ET | Feb. 2, 2016
Toyota Motor Credit has agreed to pay up to $21.9 million and limit its retail margins on auto loans to settle U.S.

Ally posts strong gains in net income for year, Q4

1:17 pm U.S. ET | Feb. 2, 2016
Ally Financial's fourth-quarter and full-year 2015 profit and net income rose, while auto loan and lease originations remained relatively flat or...

Mopar expands service contract coverage

11:45 am U.S. ET | Jan. 27, 2016
Complete 360, Mopar's most extensive service contract yet, is the latest salvo in an effort to use F&I products to produce more service business and...

Reynolds and Reynolds provides F&I library to 20 states, looks to add

11:45 am U.S. ET | Jan. 27, 2016
Sorting through inconsistent forms and varying federal, state and even city requirements for F&I paperwork has long been a headache for auto...

A case for providing an online finance tool

11:45 am U.S. ET | Jan. 27, 2016
Consumers are much more satisfied when they can view and adjust vehicle payment terms online vs.

N.Y. attorney general sues more dealerships over credit repair

3:05 pm U.S. ET | Jan. 21, 2016
The New York attorney general has sued four dealerships and settled with three others over the illegal sale of credit repair and identity theft...

Ineligible non-Hispanic whites could get Ally cash, CFPB admits

12:45 pm U.S. ET | Jan. 20, 2016
The Consumer Financial Protection Bureau could be sending payments from Ally Financial's $80 million settlement fund to non-Hispanic white borrowers...

Softer used-vehicle prices behind uptick in negative equity deals

11:45 am U.S. ET | Jan. 20, 2016
Negative equity has been on the rise for the past few years. But while it's something to watch, for now it's not posing a risk to the industry, J.D.


Exeter targets profitability over loan growth

12:45 pm U.S. ET | Jan. 20, 2016
Exeter Finance, after a period of rapid expansion, is targeting profitability over growth in loan originations in 2016.

Chase, Wells Fargo ride record U.S. auto market to higher contract volume

12:15 pm U.S. ET | Jan. 20, 2016
Auto lending giants Chase and Wells Fargo reaped the benefits of record U.S.

JM&A, after record year, eyes more growth

12:30 pm U.S. ET | Jan. 13, 2016
JM&A Group sold 3.4 million contracts in 2015, marking the highest number in its 37-year history and surpassing its 2014 record of 3.2 million.

VIN tagging with gel: Dealer catches a thief

12:30 pm U.S. ET | Jan. 13, 2016
One Connecticut dealer finds value in an F&I product that tags cars with a VIN using a special fluorescent gel.

The whys behind new lease pilots from Ford Credit, Lincoln Financial

12:30 pm U.S. ET | Jan. 13, 2016
An automotive market with one buyer per vehicle at one fixed payment is probably not the future.

Biweekly pay plans need transparency

12:01 am U.S. ET | Jan. 11, 2016
Biweekly payment plans are legal, advantageous for many consumers and profitable for dealerships, advocates say.

Consumers say they want F&I info early, but do they use it?

11:30 am U.S. ET | Jan. 6, 2016
Consumers say they are interested in learning about F&I products before visiting the dealership, but most buyers aren't actually taking advantage of...

FTC solicits public comments on dealership financing survey proposal

11:45 am U.S. ET | Jan. 6, 2016
Auto dealers, lenders and the general public may be able to weigh in as soon as this week on a plan by the Federal Trade Commission to survey car...

Automotive News Cover
News by Brand