You must have an Automotive Newssubscription to view the digital edition
Click here to subscribe
F&I managers can get sales staff to help with F&I by learning about their goals and investing in their training.
If a hybrid sales-F&I model isn't the answer to smoother, faster process, what is?
Consumers looking to buy a Hyundai, Kia or Genesis model now can shop for and finance their vehicles through Hyundai Capital America using AutoGravity's mobile app and web platform.
With a third of new-vehicle loans now at 73 to 84 months, will even longer loans become commonplace?
The 30-day delinquency rate has improved, and 60-day delinquencies likely will follow suit as prime originations rise, Experian says.
The value of auto loan originations that contain some element of fraud may be as high as $6 billion this year, double last year's level.
Fraud and identity theft are escalating across the board, and auto lenders have become vigilant, acting to prevent crimes from affecting their business, their dealer clients and customers.
Although auto lenders are sharing fraud experiences more often, a full-fledged anti-fraud consortium has yet to take shape.
The fastest growing type of identity theft, synthetic identity fraud, is largely unknown to the public and a mounting threat for auto lenders, experts say.
The largest U.S. dealership group plans to close 76 stores in Florida -- nearly all of its outlets in the state -- at least through Saturday as it braces for Hurricane Irma.
Outstanding U.S. auto-loan balances reached a record-high $1.1 trillion in the second quarter, a 7.1 percent rise paced by prime loans, an Experian report said.
AutoFi, a company that automates online vehicle sales and financing, will enter Canada in 2018, partnering first with F&I company Tricor Automotive Group.
Vehicles sat on dealership lots longer in August than at any point since mid-2009. Even so, the 0 percent financing deals that can spur sales ebbed, Edmunds said.
While some expressed concern about GM's new disclosure form for non-GM service contracts, F&I providers were unfazed by the requirement and even applauded the automaker.
GM dealers could face major penalties, even termination, if they fail to use a new disclosure form for customers who buy non-GM service contracts.
Superior Integrated Solutions, owner of Darwin Automotive, filed an antitrust suit against Reynolds for indirectly blocking Superior's access to dealership systems.
Millennials are opening auto loans at a 21 percent higher rate than Gen X consumers did at the same age.
General Motors dealerships that sell non-GM-branded service contracts without following the company's new disclosure process could be in hot water with the automaker, according to a letter sent to dealers.
The publicly traded dealership groups are sharply split over stand-alone used-vehicle stores. Here's what drives their thinking.
Asbury CEO Craig Monaghan will end a nine-year "phenomenal run" on Jan. 1. COO David Hult will replace him.
Ford Credit's consumer credit-risk model will include nontraditional data and machine learning to give the lender a better view of a car buyer's likelihood to make payments.
The future of vehicle retail and F&I could take a variety of forms, but another type of brick-and-mortar store would be an unexpected route. Advancements toward an online transaction would serve the industry better.
Average auto loan debt per borrower and delinquency rates rose in Canada in the second quarter as vehicle prices increased, customers took on additional debt and various regions continued to recover from the economic crisis,...
Lenders on FICO's new platform provide dealers with multiple offers from the get-go, potentially eliminating the back and forth with dealers to achieve a customer's perfect deal structure, the company says.
Automotive NewsJobs Board
Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that's vital to your business.
Sign up today to get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news – we'll deliver.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.