Public retailers boost F&I profits in Q2

12:30 pm U.S. ET | July 29, 2015
F&I profits increased at all six of the largest public new-car retailers in the second quarter. The nation's largest retailer, AutoNation, led the way with F&I revenue per new vehicle retailed of $1,528 on a same-store basis.

Dealer satisfaction grows when auto lenders embrace e-contracting

12:00 pm U.S. ET | July 29, 2015
Dealers like e-contracting. That's one of the key findings from the 2015 U.S. Dealer Financing Satisfaction Study by J.D. Power released this week. Another takeaway: Dealers are willing to pay lenders a premium for good service.

Ally's second-quarter auto lending flat despite GM pullback

11:45 am U.S. ET | July 29, 2015
Ally Financial's second-quarter auto lending originations declined just 1 percent from a year earlier to $10.

Sonic rethinks the appeal of captive finance arm

11:30 am U.S. ET | July 22, 2015
Wary of regulators, Sonic Automotive is slowing its plans to establish a captive finance arm.

A safer way to offer credit repair

11:30 am U.S. ET | July 22, 2015
New York's crackdown on dealerships and vendor Credit Forget It last month for a credit repair product the state considers illegal likely spurred...

Subprime auto-lending veteran calls longer loan maturities new normal

11:30 am U.S. ET | July 22, 2015
The man who created one of the biggest U.S. subprime lenders says there's nothing dangerous about borrowers being given longer car loans.

Chase Auto, Wells Fargo see rise in Q2 loan originations

11:30 am U.S. ET | July 22, 2015
Auto loan originations are rising at two of the nation’s biggest banks in auto lending.

AutoNation CEO endorses CFPB, Honda Finance pact

12:01 am U.S. ET | July 20, 2015
AutoNation CEO Mike Jackson has endorsed the settlement between the Consumer Financial Protection Bureau and American Honda Finance for preventing...

NEWS ANALYSIS

What Honda-U.S. settlement changes

12:01 am U.S. ET | July 20, 2015
The federal government's settlement with American Honda Finance Corp.

CFPB, Justice talk straight to minority dealers

11:30 am U.S. ET | July 15, 2015
After a senior CFPB official and a Justice Department colleague spoke at the recent National Association of Minority Automobile Dealers conference,...

Regulators urge captives to follow Honda Finance's lead

11:30 am U.S. ET | July 15, 2015
Regulators are urging other captive finance arms to follow the lead of American Honda Finance after it entered into a settlement on Tuesday that will...

New York dealerships to pay more than $300,000 in deceptive advertising, fraud settlement

11:30 am U.S. ET | July 15, 2015
The New York Attorney General’s Office reached a settlement Tuesday requiring 23 dealerships in the New York area -- the Atlantic Auto...

FTC, dealerships settle price-misrepresentation charges

11:30 am U.S. ET | July 15, 2015
In the past three months, the Federal Trade Commission has approved final consent orders involving five dealerships and one loan-acceleration...

What's holding up e-contracting?

12:01 am U.S. ET | July 13, 2015
E-contracting speeds funding to dealerships, provides a more efficient customer experience and improves stores' F&I operations.

Millennials embrace F&I jobs, spark change

12:30 pm U.S. ET | July 8, 2015
Finance and insurance departments tend to have less trouble recruiting and retaining millennial staffers than sales departments.

Path to positive equity grows

12:15 pm U.S. ET | July 8, 2015
The time it takes for consumers with new-car loans to reach a positive equity position on their vehicles has grown by 12 to 14 months over the past...

What's holding up e-contracting?

12:30 pm U.S. ET | July 8, 2015
In an increasingly digital world where auto dealerships, and their customers, seek the most efficient, error-free F&I process, the use of electronic...

Honda, Toyota, Nissan captives face charges of discrimination, report says

12:00 pm U.S. ET | July 1, 2015
The captive finance arms of Honda, Toyota and Nissan may have to limit how much they allow dealers to increase the cost of auto loans after...

Dealers feel the need for speed in F&I

11:00 am U.S. ET | July 1, 2015
Where do you see the greatest opportunity for improvement in your dealership's F&I operations? Asked that question, Mary Byrne, a one-time retired...

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