Finance & Insurance
AutoNation unit launches Shop-By-Payment service
3:09 pm U.S. ET | May 20, 2013
AutoNation's lead-referral subsidiary today unveiled an online service that lets consumers search dealership Web sites for new and used vehicles based on monthly payments. When a consumer chooses the desired payment a sales lead is sent to the dealership.... Read More » Comments [0] | Recommendations [0]
Experian names John Gray head of auto unit
2:57 pm U.S. ET | May 20, 2013
Experian has named John Gray president of its automotive business unit, effective immediately, with responsibility for the strategic direction, leadership and overall growth of the business.... Read More »| Related topics: | Dealer Groups and Dealerships | NADA | Dealer Speaks | Best Practices | Innovative Dealers | Visionary Dealers | F&I Newsletter | Fixed Operations | Advertising | Used Cars | Vehicle Sales | Fixed Operations | U.S. Monthly Sales |
Expert advice to improve your operation
12:01 am U.S. ET | May 20, 2013
Dealership finance and insurance experts will offer tips and counsel during Automotive News F&I Week, a free online conference of six Webinars on June 11-13.... Read More »LETTER TO THE EDITOR
Most F&I managers aren't forgers
12:01 am U.S. ET | May 20, 2013
Only a small number of F&I managers, automotive professionals or Americans in general would ever consider signing a name other than their own or committing forgery.... Read More »LETTER TO THE EDITOR
In F&I, honesty is still the best policy
12:01 am U.S. ET | May 20, 2013
Thank you for the April 17 interview with F&I trainer George Angus, "Payment packing is deception -- it's not OK" (Finance & Insurance newsletter). I agree that a lot of dealerships still pack payments.... Read More »Auto loan delinquencies, repossessions rise
12:01 am U.S. ET | May 20, 2013
Auto loan delinquency and repossession rates rose in the first quarter fueled largely by an increase in subprime loans, Experian Automotive said last week.... Read More »Ally clears barrier for IPO with plan to resolve mortgage claims
1:59 pm U.S. ET | May 14, 2013
Ally Financial moved closer to repaying its government bailout as the auto lender reached agreement with creditors of its bankrupt mortgage unit.... Read More »FINANCE & INSURANCE
GM's F&I products will carry vehicle brand names
12:01 am U.S. ET | May 13, 2013
General Motors is rolling out branded F&I products, starting this month with a pilot at its 200 or so dealerships in Ohio and going nationwide by year end.... Read More »FINANCE & INSURANCE Q&A: TOM DUNDON
Chrysler Group seeks an edge with Chrysler Capital
12:01 am U.S. ET | May 13, 2013
Chrysler Capital, the private-label arrangement between Santander Consumer USA and Chrysler Group, began operating in the United States May 1 as the preferred lender for Chrysler Group. Chrysler Capital will offer prime and subprime retail loans and leasing through Chrysler dealers, as well as floorplanning and construction loans to dealers.... Read More »F&I add-ons: Fed agency's target?
12:01 am U.S. ET | May 6, 2013
Finance and insurance products such as extended-service contracts and other add-ons could be the Consumer Financial Protection Bureau's next target in the auto lending sector.... Read More »Ally Q1 profits boosted by auto finance business, one-time gains
9:52 am U.S. ET | May 1, 2013
Ally Financial said its first-quarter net income more than doubled from a year ago to $1.1 billion, driven largely by a one-time gain from the sale of Ally’s Canadian operations and higher profits in its auto finance business.... Read More »F&I Week: 6 Webinars on vital topics
12:01 am U.S. ET | April 29, 2013
Automotive News will put a spotlight on dealership finance & insurance issues during the third annual F&I Week, an online conference in June. Experts, academics and F&I professionals will headline six Webinars on June 11-13.... Read More »F&I Weekly Report
F&I Press Releases
- NAC Announces Release of NAC Express Pay Online Payment Submission Software »
- Equifax Reports New Credit in 2013 at Five-Year High »
- ABCoA Solves Auto Dealer, Finance Company Troubles with New Deal Pack Management Systems »
- Preferred Warranties dealer enrollment drive results in double the number of projected sign-ups »
- iTapMenu Launches F&I Product Rating with Provider Exchange Network »
- Exeter Finance Completes $400 Million Securitization »
Chrysler Capital's first job: Leasing
12:01 am U.S. ET | April 29, 2013
Chrysler Group expects more consumer auto leases next month when the newly formed Chrysler Capital begins operations as the automaker's preferred lender in the United States.... Read More »AutoNation Q1 earnings soar; acquisitions continue
6:30 am U.S. ET | April 18, 2013
AutoNation said first-quarter net income rose 14 percent to $83 million, up from $73 million a year ago. With profits up in all categories of its business during the first quarter, particularly finance and insurance and parts and service, AutoNation is snapping up more dealerships.... Read More »FINANCE & INSURANCE
Service lane focus lifts Lithia's F&I sales
12:01 am U.S. ET | April 8, 2013
New software and a boost in spiffs have made it easy -- and lucrative -- for Lithia Motors Inc.'s service advisers to sell extended service contracts and lifetime oil change plans.... Read More »How the Fed fueled an explosion in subprime auto loans
12:01 am U.S. ET | April 7, 2013
Jeffrey Nelson was able to put up a shotgun as down payment on a car. At car dealers across the United States, loans to subprime borrowers like him are surging. Subprime auto lenders are showing up in a lot of personal bankruptcy filings, too. The Federal Reserve has made it all possible.... Read More »Tesla offering special financing plan for Model S sedan
5:18 pm U.S. ET | April 2, 2013
Tesla Motors has joined forces with USBank and Wells Fargo Bank to create vehicle financing and leasing products that allow consumers to lease a Model S electric sedan for a net payment of about $500 a month after a 10 percent down payment and calculated savings. CEO Elon Musk said he would personally guarantee the value of the cars.... Read More »GM Financial completes $2.6B deal for Ally units in Europe, Latin America
11:14 am U.S. ET | April 2, 2013
Ally Financial said it completed the sale of most of its operations in Europe and Latin America to General Motors Financial for about $2.6 billion. Ally, in a statement today, said it will get about $2.4 billion at closing and about $190 million in dividends prior to closing from the GM unit.... Read More »Fed agency: We're watching auto lending
12:01 am U.S. ET | April 1, 2013
For more than two years, the Consumer Financial Protection Bureau kept mum on its plans related to auto lending. But at the end of March, it showed that it intends to aggressively oversee the sector.... Read More »GM targets higher resale values to boost profits, margins
12:19 am U.S. ET | March 30, 2013
GM, seeking to boost its profit margins, says it can save as much as $200 million annually by improving resale values of its vehicles and further narrowing the gap with competitors who don't have to spend as much to offer lease deals.... Read More »U.S. financial regulator warns auto lenders on markup discrimination
3:11 pm U.S. ET | March 21, 2013
The Consumer Financial Protection Bureau today issued a warning to auto lenders: Make sure dealer participation in interest rates does not lead to discrimination or face the consequences.... Read More »
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 Toyota's Lentz: Camry in a 'three-horse race'Toyota's Jim Lentz says the Camry will fend off main rival Honda Accord and upstarts such as the Ford Fusion... Mon., May 20» Watch the Video |
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