Jim Henry

E-Mail: autonews@crain.com

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Recent articles
Loan amounts, payments reach new highs
11:00 am U.S. ET | March 4
The average amount financed for a new vehicle reached a record $28,381 in the fourth quarter of 2014, Experian Automotive said today. That was an increase of $950, or 3. ...


The auto fallout from tax refund delays
11:45 am U.S. ET | March 4
Tax refund season is typically the high point of the year for subprime auto lenders, but so far the early tax refund statistics are down slightly from a year ago. ...


Millennials coming on stream in auto loans, leases
11:00 am U.S. ET | March 4
Millennials get a bum rap as being less interested in driving and cars -- and in auto finance -- than previous generations, TransUnion says in a new study. ...


GM tells Ally that GM Financial will get all of Chevy's subsidized leases
6:30 pm U.S. ET | Feb. 27 | UPDATED: 2/27/15 9:19 pm ET -- corrected
General Motors has notified Ally Financial that it will steer all of its lease subsidies for the Chevrolet brand to captive finance company GM Financial, instead of shari ...


Sonic is most-improved in Q4 F&I revenue
11:22 am U.S. ET | Feb. 25 | UPDATED: 3/2/15 10:19 am US ET - adds correction
Sonic Automotive Inc. posted the biggest increase in average F&I revenue per vehicle in the fourth quarter among the six public new-car retail groups, the tallies, comple ...


Consumer Portfolio gains volume; retraining continues after FTC action
10:57 am U.S. ET | Feb. 25
Subprime auto lender Consumer Portfolio Services reported strong volume growth in the fourth quarter and for all of 2014, despite a run-in with the Federal Trade Commissi ...


Lender groups want answers from the CFPB
12:15 pm U.S. ET | Feb. 25
A letter sent last week by the American Financial Services Association and other trade associations to Richard Cordray, director of the Consumer Financial Protection Bure ...


Reports of growing auto loan delinquencies are overblown, credit bureaus say
10:39 am U.S. ET | Feb. 25

Despite media notions that U.S. auto loan delinquencies are accelerating, they are in fact trending flat, credit reporting bureaus Equifax and Experian Automo ...



Auto originations advance 17%; 90-day delinquencies tick up in Q4, Fed says
11:00 am U.S. ET | Feb. 18
Auto originations rose a robust 17 percent in the fourth quarter, while accounts considered seriously delinquent ticked up slightly, according to the New York Federal Res ...


GM Financial-Chevy lease exclusivity seems likely
11:15 am U.S. ET | Feb. 18
There wasn't much doubt, but General Motors disclosed for the first time in an SEC filing that it is considering plans to throw all Chevrolet lease incentives to GM Finan ...


JM&A is in growth mode
11:00 am U.S. ET | Feb. 18
F&I product vendor JM&A Group sold a record 3.2 million contracts in 2014. That was up from 3 million contracts in 2013 and 2.5 million in 2012. ...


New name, growth for Citizens' auto lending channel
11:00 am U.S. ET | Feb. 18
RBS Citizens Auto Finance is now Citizens One Auto Finance. Parent Citizens Financial Group dropped the acronym RBS, for Royal Bank of Scotland, from the name of its grow ...


For Ford Credit, 2015 'is a story of growth'
11:00 am U.S. ET | Feb. 11 | UPDATED: 2/12/15 4:26 pm ET
Ford Motor Credit is looking to grow along with overall U.S. auto sales in 2015. That's a typical, steady-as-she-goes business plan for Ford Credit, which prides itself o ...


A positive outlook for e-contracting
12:01 am U.S. ET | Feb. 11

When it comes to e-contracting, maybe the glass is finally more half full than half empty.

...


Public retailers make F&I per-vehicle gains; Group 1 breaks $1,500
11:30 am U.S. ET | Feb. 11
Four public new-car retailers posted higher F&I revenue per vehicle retailed in the fourth quarter, and three hit all-time highs. Group 1 Automotive's U.S. ...


GM Financial, Santander rev move to prime
11:30 am U.S. ET | Feb. 11
GM Financial and Santander Consumer USA, two traditional subprime specialists, are accelerating strategic moves into prime-risk loans and leases in 2015. GM Financial als ...


Why insiders say subprime auto loans pose no risk
12:01 am U.S. ET | Feb. 7
Auto retailers and lenders are trying to debunk the notion that a bubble of rapid growth in subprime auto loans will lead to a wave of defaults, tanking the U.S. ...


New Ally CEO outlines plans to increase nonprime loans
12:19 pm U.S. ET | Feb. 5
Jeff Brown, newly promoted to CEO of Ally Financial, got more specific about Ally's plans to increase its mix of below-prime loans. ...


GM ramps up leasing business with captive financial unit
3:16 pm U.S. ET | Feb. 4
GM Financial more than tripled its share of parent General Motors' US lease originations in the fourth quarter. ...


Ally's Carpenter leaves on a high note
11:45 am U.S. ET | Feb. 4
Michael Carpenter, who retired as CEO of Ally Financial on Monday, can leave saying, “Mission accomplished.” ...


Chase Auto Finance CEO sees 'disciplined growth' in 2015
11:00 am U.S. ET | Feb. 4
Big auto lender Chase Auto Finance, which slowed lending last year, plans to stay prudent in 2015, CEO Thasunda Brown Duckett says. The lender's auto loan and lease origi ...


Ally Financial names Jeffrey Brown CEO, Carpenter retires
7:11 pm U.S. ET | Feb. 2
Jeffrey Brown, president and CEO of Ally Dealer Financial Services, will become CEO of Ally Financial, effective Monday, succeeding Michael Carpenter, who is retiring. ...


GM's lease incentive move to captive unit surprised, angered Ally's chief
11:40 am U.S. ET | Jan. 29
General Motors' recent move to steer 100 percent of its Buick, Cadillac and GMC lease incentives in the US to captive finance company GM Financial took Ally Financial by ...


Don't get mad, get a lawyer, panelists say
11:00 am U.S. ET | Jan. 28
Dealers who get warning letters from lenders accusing them of loan discrimination should resist the temptation to stick the letters in a drawer or, worse, fire off angry ...


Ally Premier Protection enables 'one product, one system and one brand'
11:00 am U.S. ET | Jan. 28
Ally Financial is phasing in Ally Premier Protection brand for service contracts and other F&I products, plus an updated technology platform to help market and administer ...


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