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The F&I Newsletter

 

Stories that appeared in our weekly F&I Report Newsletter

 
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AutoNation says no to captive

11:45 am U.S. ET | April 29 |

AutoNation, after exploring whether to launch its own captive finance company, is saying no to the idea. CEO Mike Jackson says the retailer will generate a better return from other investments.

 

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Porsche captive adds branded F&I products

UPDATED: 4/29/15 3:11 pm ET - adds details |

Porsche, Bentley and Lamborghini dealers in the U.S. are getting a new menu of F&I products to sell. Porsche Financial Services North America is introducing extended serv ...

 

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JIM HENRY

Finally, a lender owns up

11:45 am U.S. ET | April 29 |

Auto lenders carefully avoid citing their rivals, especially when they want to criticize. So it was refreshing when Ally's CEO figuratively raised his hand this week. ...

 

Most lenders cite subprime restraint

12:15 pm U.S. ET | April 29 |

GM Financial and Capital One are joining other auto lenders in citing tougher competition in subprime lending and voicing caution over the increase in auto loans to consu ...

 

Group 1, AutoNation set F&I revenue per vehicle records; most other publics improve

12:15 pm U.S. ET | April 29 |

The six largest publicly traded new-vehicle retail groups nearly all improved in F&I revenues per vehicle retailed in the first quarter, led by Group 1 and AutoNation, wh ...

 

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Ally deal enables Mitsubishi to cut costs for capital, infrastructure

11:17 am U.S. ET | April 29 |

For years, Mitsubishi used an in-house finance arm to underwrite loans to dealers and customers as other small automakers relied on international banking giants to keep t ...

 

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Ally pushes to make up for lost GM lease business

UPDATED: 4/28/15 2:32 pm ET - new story |

Ally Financial is responding to GM pulling its subsidized lease business by getting more aggressive in near-prime and subprime loans, and by courting dealers harder than ...