Ford faces a federal lawsuit that contends the new C-Max and Fusion hybrids fail to deliver promised fuel economy claims. Ford's 2013 C-Max Hybrid and Fusion Hybrid mid-sized sedan are EPA rated at 47 mpg city/47 highway/47 combined. But the lawsuit seeking class-action status, filed Dec.
Volvo's new captive finance arm, Volvo Cars Financial Services U.S., completed its launch goals this year with the start of retail lending services Dec. 1. The captive began commercial lending in May. U.S. Bank has been Volvo's preferred lender in the United States since late 2009.
Besides protecting their inventory, many dealers say that preloading products on vehicles brings in thousands of additional finance and insurance dollars monthly. But there are pitfalls. The practice can make a dealer trade for a non-preloaded vehicle difficult.
Volkswagen AG will vie with General Motors for the sales crown among foreign automakers in China next year, gaining share as Japanese carmakers led by Toyota struggle to recover amid a territorial dispute.
In January, we identified five trends that experts said were likely to affect your finance and insurance business this year. Most held up well. The last one -- new regulations from the Consumer Financial Protection Bureau -- didn't pan out. But it still has potential for 2013.
More dealerships are capping the markup allowed on aftermarket products in the finance-and-insurance office. One retailer's explanation for the trend? "Large pigs go to slaughter." It's another way to say the extra money isn't worth the risk.