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The F&I Newsletter

 

Stories that appeared in our weekly F&I Report Newsletter

 
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Loan amounts, payments reach new highs

11:00 am U.S. ET | March 4

The average amount financed for a new vehicle reached a record $28,381 in the fourth quarter of 2014, Experian Automotive said today. That was an increase of $950, or 3.5 percent, from the year-earlier quarter and a rise of $582, or 2.
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Online retail tools are changing F&I jobs, work force analyst says
11:00 am U.S. ET | March 4

The neat organization of dealership F&I departments isn't so neat anymore. And industry researchers believe online retail is the reason why. ...
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JIM HENRY
The auto fallout from tax refund delays
11:45 am U.S. ET | March 4

Tax refund season is typically the high point of the year for subprime auto lenders, but so far the early tax refund statistics are down slightly from a year ago. ...
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Millennials coming on stream in auto loans, leases
11:00 am U.S. ET | March 4

Millennials get a bum rap as being less interested in driving and cars -- and in auto finance -- than previous generations, TransUnion says in a new study. In fact, mille ...
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Toyota Financial explores how to improve e-commerce
11:00 am U.S. ET | March 4

As more shoppers turn to e-commerce as part of buying a car, Toyota Financial Services is turning to its U.S. dealers to find ways to improve its digital offerings. A maj ...
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Santander Consumer USA to pay $9.35 million settlement over military repos
12:01 am U.S. ET | March 4

Santander Consumer USA will pay at least $9.35 million to resolve charges that it improperly repossessed the cars of members of the military, the U.S. Department of Justi ...
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