Finance & Insurance
 

Credit union backs off ads blasting dealer reserve

12:01 am U.S. ET | July 21, 2014 | UPDATED: 7/22/14 12:33 pm ET -- correction
A Florida credit union has backed off from an advertising and social medial campaign called “Expose the Truth,” which described dealer reserve as an unfair trade...... Read More »

Study shows federal regulations cost dealers billions, jobs

6:00 am U.S. ET | May 30, 2014 | UPDATED: 6/2/14 4:03 pm ET -- adds details
Franchised new-car dealers in the United States spent a combined $3.2 billion in 2012 to meet federal regulations, a new report found.... Read More »
LETTER TO THE EDITOR

Blame Uncle Sam for Sally's loan debt

12:01 am U.S. ET | March 31, 2014
Jesse Snyder's March 17 column, "Why Sally can't buy a new car," was full of facts but did not get to the root cause.... Read More »

Ally Financial IPO could generate $2.7 billion for U.S. Treasury

9:00 am U.S. ET | March 27, 2014
Ally Financial, the former GMAC auto lender rescued by the federal government during the 2008 financial crisis, is helping the Treasury Department...... Read More »

Ally says Q4 net income falls, GM relationship extended

12:35 pm U.S. ET | Feb. 6, 2014
Ally Financial said today it has posted fourth-quarter net income of $104 million and lower pretax income for its auto finance business.... Read More »

Ally, CFPB poles apart on discrimination breadth, evidence

12:01 am U.S. ET | Feb. 3, 2014
Ally Financial and the Consumer Financial Protection Bureau are miles apart on core issues, such as how to measure discrimination and how widespread...... Read More »

No sure OK for reserve guidelines

12:01 am U.S. ET | Jan. 27, 2014
The National Automobile Dealers Association is going out on a limb by recommending ways for dealerships to ward off discrimination charges from the...... Read More »

Westcott: Keep defending reserve

5:51 pm U.S. ET | Jan. 25, 2014
NADA must continue to defend in-dealership financing or the car-buying public will suffer, outgoing NADA Chairman David Westcott told dealers today.... Read More »

Vehicle loan terms grow

7:17 pm U.S. ET | Jan. 25, 2014
Vehicle loan terms continue to lengthen as more buyers spread their purchase over 72 months.... Read More »

Cancelled Nissan dealer in Calif. wins a retrial

3:53 pm U.S. ET | Jan. 17, 2014
Former Los Angeles dealer Michael Kahn, who was shut down when Nissan Motor Acceptance ended his finance arrangements during the 2009 economic...... Read More »

Ally wins U.S. approval to alter holding structure to keep insurance, vehicle-auction site

11:49 am U.S. ET | Dec. 23, 2013
Ally Financial won regulatory approval to change its holding-company status, allowing the firm to keep an insurance business and a vehicle-auction...... Read More »

General Motors said to plan sale of stake in Ally, report says

1:28 pm U.S. ET | Dec. 4, 2013
GM is planning to sell its stake in Ally Financial, the auto lender majority owned by American taxpayers, a person with knowledge of the transaction...... Read More »

Big off-lease battle brewing

12:01 am U.S. ET | Dec. 2, 2013
Automakers are crafting strategies to keep existing customers -- and perhaps poach some new ones -- when the number of vehicle owners coming off...... Read More »

U.S. delays health care exchanges for small dealers, other businesses for year

3:55 pm U.S. ET | Nov. 27, 2013
The Obama administration is delaying until November 2014 the launch of the federal government's online health exchange where smaller new-vehicle...... Read More »

Honda, Mercedes and Toyota, Lexus win resale honors

4:46 pm U.S. ET | Nov. 18, 2013
Honda, Mercedes-Benz and the Toyota and Lexus brands picked up honors for building vehicles that are best at retaining their value after years of...... Read More »

CFPB chief concedes need for balance in auto-loan oversight

4:24 pm U.S. ET | Nov. 12, 2013
Richard Cordray, director of the Consumer Financial Protection Bureau, said he wants more “openness and transparency” for the agency's...... Read More »

Frothy subprime borrowing drives U.S. sales, raises alarms

1:27 pm U.S. ET | Nov. 8, 2013
As the fifth anniversary of the Federal Reserve's policy of keeping interest rates near zero approaches, the market for subprime borrowing is once...... Read More »

CFPB responds to lawmaker letters

6:19 pm U.S. ET | Nov. 4, 2013
The Consumer Financial Protection Bureau on Monday gave more clues about the methods underpinning its claims that auto dealers engaged in bias in...... Read More »

Toyota leverages stellar credit rating for financing edge

12:01 am U.S. ET | Oct. 23, 2013
Toyota's in-house lender is leveraging the automaker's AA- credit rating and cash to offer low rates and keep customers coming back.... Read More »

EDITORIAL

Coping with higher rates

12:01 am U.S. ET | Oct. 21, 2013
A slight rise in interest rates from extreme lows will affect everything from auto and dealer floorplan loans to long-term debt for automakers and...... Read More »

Biweekly finance plan boosts F&I revenue

12:01 am U.S. ET | Oct. 14, 2013
When Michael Barrett joined Vaden Automotive Group as finance director in January 2012, he was tasked with boosting finance and insurance revenues.... Read More »

Special Report
Fewer bosses, Disney savvy, $2 idea lift stores

Fewer bosses, Disney savvy, $2 idea lift stores

A Chrysler Group dealership chain is stripping away layers of management to sell cars faster. A Chevrolet-Cadillac store is enchanting customers through Disney training. Mon., July 21
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