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Stories that appeared in our weekly F&I Report Newsletter
Uber, credit-challenged drivers walk the subprime tightrope
UPDATED: 5/21/15 12:45 pm ET - adds details |
Uber offers its credit-challenged drivers a finance program to help them buy their vehicles. But the program can put some drivers in trouble, according to a Marketplace.org report. Some auto industry experts fear that too many subprime loans could help trigger another financial crisis.
Amid higher auto lending, 90-day delinquencies hold flat
11:30 am U.S. ET | May 20 |
Auto loan originations rose 12 percent in the first quarter from a year earlier, while 90-day delinquency rates held flat at 3.3 percent, the Federal Reserve Bank of New ...
At Buick store, service lane provides visuals to better sell F&I products
11:15 am U.S. ET | May 20 |
Aaron Logan has sold F&I products for 17 years, yet in the past six weeks his extended service contract penetration rate is nearly twice that of the year-earlier period. ...
Subprime loans fall to lowest share since 2012
12:00 pm U.S. ET | May 20 |
Subprime and deep subprime loans in the first quarter dropped to their lowest share of the market since 2012, Experian Automotive says. ...