Finance & Insurance
Expert advice to improve your operation
12:01 am U.S. ET | May 20, 2013
Dealership finance and insurance experts will offer tips and counsel during Automotive News F&I Week, a free online conference of six Webinars on June 11-13.... Read More » Comments [0] | Recommendations [0]
Auto loan delinquencies, repossessions rise
12:01 am U.S. ET | May 20, 2013
Auto loan delinquency and repossession rates rose in the first quarter fueled largely by an increase in subprime loans, Experian Automotive said last week.... Read More »| Related topics: | Dealer Groups and Dealerships | NADA | Dealer Speaks | Best Practices | Innovative Dealers | Visionary Dealers | F&I Newsletter | Fixed Operations | Advertising | Used Cars | Vehicle Sales | Fixed Operations | U.S. Monthly Sales |
Ally clears barrier for IPO with plan to resolve mortgage claims
1:59 pm U.S. ET | May 14, 2013
Ally Financial moved closer to repaying its government bailout as the auto lender reached agreement with creditors of its bankrupt mortgage unit.... Read More »FINANCE & INSURANCE
GM's F&I products will carry vehicle brand names
12:01 am U.S. ET | May 13, 2013
General Motors is rolling out branded F&I products, starting this month with a pilot at its 200 or so dealerships in Ohio and going nationwide by year end.... Read More »FINANCE & INSURANCE Q&A: TOM DUNDON
Chrysler Group seeks an edge with Chrysler Capital
12:01 am U.S. ET | May 13, 2013
Chrysler Capital, the private-label arrangement between Santander Consumer USA and Chrysler Group, began operating in the United States May 1 as the preferred lender for Chrysler Group. Chrysler Capital will offer prime and subprime retail loans and leasing through Chrysler dealers, as well as floorplanning and construction loans to dealers.... Read More »F&I add-ons: Fed agency's target?
12:01 am U.S. ET | May 6, 2013
Finance and insurance products such as extended-service contracts and other add-ons could be the Consumer Financial Protection Bureau's next target in the auto lending sector.... Read More »Ally Q1 profits boosted by auto finance business, one-time gains
9:52 am U.S. ET | May 1, 2013
Ally Financial said its first-quarter net income more than doubled from a year ago to $1.1 billion, driven largely by a one-time gain from the sale of Ally’s Canadian operations and higher profits in its auto finance business.... Read More »F&I Week: 6 Webinars on vital topics
12:01 am U.S. ET | April 29, 2013
Automotive News will put a spotlight on dealership finance & insurance issues during the third annual F&I Week, an online conference in June. Experts, academics and F&I professionals will headline six Webinars on June 11-13.... Read More »Chrysler Capital's first job: Leasing
12:01 am U.S. ET | April 29, 2013
Chrysler Group expects more consumer auto leases next month when the newly formed Chrysler Capital begins operations as the automaker's preferred lender in the United States.... Read More »AutoNation Q1 earnings soar; acquisitions continue
6:30 am U.S. ET | April 18, 2013
AutoNation said first-quarter net income rose 14 percent to $83 million, up from $73 million a year ago. With profits up in all categories of its business during the first quarter, particularly finance and insurance and parts and service, AutoNation is snapping up more dealerships.... Read More »FINANCE & INSURANCE
Service lane focus lifts Lithia's F&I sales
12:01 am U.S. ET | April 8, 2013
New software and a boost in spiffs have made it easy -- and lucrative -- for Lithia Motors Inc.'s service advisers to sell extended service contracts and lifetime oil change plans.... Read More »How the Fed fueled an explosion in subprime auto loans
12:01 am U.S. ET | April 7, 2013
Jeffrey Nelson was able to put up a shotgun as down payment on a car. At car dealers across the United States, loans to subprime borrowers like him are surging. Subprime auto lenders are showing up in a lot of personal bankruptcy filings, too. The Federal Reserve has made it all possible.... Read More »F&I Weekly Report
F&I Press Releases
- Exeter Finance Completes $400 Million Securitization »
- Tim Brugh Named President of American Auto Guardian, Inc. »
- VisionMenu, Inc., Announces the Completion of Dealertrack Opentrack DMS Integration for VisionMenu and VisionReport »
- Dealertrack Credit Application Network Achieves Milestone of 1,300 Lender Connections Industry’s Largest Credit Network is the Heart of Dealertrack’s Sales and F&I Solutions Workflow for Dealers and Lenders »
- CU DIRECT ENTERS CANADIAN MARKETPLACE, TEAMS WITH CANADA'S LARGEST CREDIT UNION, DESJARDINS GROUP »
- Flagship Credit Acceptance Completes $222 Million Asset-backed Securitization; Announces New Credit Facility; Strategically Expands Consumer Lending Services »
Tesla offering special financing plan for Model S sedan
5:18 pm U.S. ET | April 2, 2013
Tesla Motors has joined forces with USBank and Wells Fargo Bank to create vehicle financing and leasing products that allow consumers to lease a Model S electric sedan for a net payment of about $500 a month after a 10 percent down payment and calculated savings. CEO Elon Musk said he would personally guarantee the value of the cars.... Read More »GM Financial completes $2.6B deal for Ally units in Europe, Latin America
11:14 am U.S. ET | April 2, 2013
Ally Financial said it completed the sale of most of its operations in Europe and Latin America to General Motors Financial for about $2.6 billion. Ally, in a statement today, said it will get about $2.4 billion at closing and about $190 million in dividends prior to closing from the GM unit.... Read More »Fed agency: We're watching auto lending
12:01 am U.S. ET | April 1, 2013
For more than two years, the Consumer Financial Protection Bureau kept mum on its plans related to auto lending. But at the end of March, it showed that it intends to aggressively oversee the sector.... Read More »GM targets higher resale values to boost profits, margins
12:19 am U.S. ET | March 30, 2013
GM, seeking to boost its profit margins, says it can save as much as $200 million annually by improving resale values of its vehicles and further narrowing the gap with competitors who don't have to spend as much to offer lease deals.... Read More »U.S. financial regulator warns auto lenders on markup discrimination
3:11 pm U.S. ET | March 21, 2013
The Consumer Financial Protection Bureau today issued a warning to auto lenders: Make sure dealer participation in interest rates does not lead to discrimination or face the consequences.... Read More »Ally to sell remaining mortgage servicing rights to Quicken
12:21 pm U.S. ET | March 21, 2013
Ally Financial, the former GMAC lending unit that had its capital plan rejected last week by the Federal Reserve, agreed to sell its remaining agency mortgage servicing rights to Quicken Loans Inc. for about $280 million.... Read More »Cordray nomination at stalemate as senators refuse to negotiate
10:05 am U.S. ET | March 12, 2013
A Senate hearing today on Richard Cordray's second nomination to head the Consumer Financial Protection Bureau was less about his leadership than Republican distaste for the bureau itself.... Read More »FINANCE & INSURANCE
Arbitration angst
12:01 am U.S. ET | March 11, 2013
U.S. dealerships, which increasingly ask car buyers to sign binding arbitration agreements in the finance and insurance office, soon could be barred from using that dispute-resolution provision.... Read More »Q&A: TRIP HALL, PRESIDENT, CAPITAL ONE AUTO FINANCE
Diamond program propels Capital One
12:01 am U.S. ET | March 11, 2013
Capital One Auto Finance booked a record $16 billion in auto loan originations last year. Much of that success, says President Trip Hall, stemmed from the lender's Diamond Dealer incentive program, which was launched in 2010.... Read More »
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Special Report
 Toyota's Lentz: 'It's really a three-horse race'Toyota's Jim Lentz believes the Camry will extend is 11-year reign as the best-selling car in the United... Mon., May 20» Watch the Video |
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