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UPDATED: 5/17/18 11:31 am ET - adds details

Honcker's drive to share payment data leaves dealers with mixed opinions

Honcker will let dealers and customers view competitive monthly payment data through its platform. Executives say it will give its dealership clients an edge, but dealers have mixed feelings.

UPDATED: 5/17/18 11:07 am ET - corrected

JM Family rebrands finance business

JM Family Enterprises has renamed its vehicle finance business Southeast Toyota Finance, dropping the World Omni title as part of a rebranding initiative leading up to JM Family's 50th anniversary.

Judge rules dealership can pursue claims against former finance manager

A Florida dealership can pursue claims that a former finance manager misappropriated trade secrets, misrepresented his background and violated confidentiality agreements and...

All public dealership groups raise average F&I profit per vehicle

All six public new-vehicle dealership groups improved average F&I gross profit per unit in the first quarter, driven primarily by F&I training and an increase in product...



Connecticut finance manager charged with larceny

Connecticut dealership Lee Partyka Chevrolet is entangled in a legal case for the second time in two months after its finance manager was charged with embezzling $80,000 from...

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Wells Fargo to boost auto lending

Wells Fargo CEO Tim Sloan said the banking giant is ready to increase lending for car sales after pulling back last year. Wells Fargo decided to rein in car financing in mid-2017 and tighten underwriting standards.

UPDATED: 5/17/18 11:07 am ET - corrected
JM Family rebrands finance business

JM Family Enterprises has renamed its vehicle finance business Southeast Toyota Finance, dropping the World Omni title as part of a rebranding initiative leading up to JM Family's 50th anniversary.

LETTER TO THE EDITOR
F&I pioneer merits Hall of Fame entry

The Automotive Hall of Fame was founded in 1939 by the “Automobile Old Timers” to perpetuate memories of early pioneers. But the scope for potential inductees has expanded to include significant contributors from across the automotive spectrum. As such, Pat Ryan warrants consideration.

UPDATED: 5/9/18 12:02 pm ET - adds details
U.S. House, in victory for dealers, votes to curb CFPB lending guidance

The House, in a victory for dealers, passed a measure that would scrap an Obama-era regulation aimed at limiting dealerships' retail margins on auto loans, which the Consumer Financial Protection Bureau said may have led to minority borrowers being charged more on loans. President Trump is expected to sign the measure.


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