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The F&I Newsletter

 

Stories that appeared in our weekly F&I Report Newsletter

 
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Lithia expects flat per-unit F&I revenue through 2015

12:01 am U.S. ET | Oct. 15

Lithia Motors expects average F&I revenue per vehicle retailed to stay flat through the rest of 2014 and 2015, at the current level of about $1,200 on a same-store basis. The retailer expects same-store average F&I revenue per unit of $1,202 in the third quarter.
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TrueCar offers upfront pricing on document fees, dealer-added accessories
11:46 am U.S. ET | Oct. 15

TrueCar, bidding to increase transparency of vehicle transaction costs, said its 9,000 dealer franchisees agreed to reveal all vehicle accessory and nongovernmental docum ...
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Wells Fargo, Chase boost auto lending
12:01 am U.S. ET | Oct. 15

Wells Fargo expects to keep its position as the No. 1 U.S. auto lender by volume as auto lenders report third-quarter results. ...
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JIM HENRY
Visions of a paper-free auto finance world
12:01 am U.S. ET | Oct. 15

What will auto finance look like in 2020? Chase Auto Finance exec Bill Jensen did some speculating recently at the Auto Finance Summit in Las Vegas. ...
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CFPB faces legal hurdle in regulating F&I products
12:01 am U.S. ET | Oct. 15

It’s clear the Consumer Financial Protection Bureau would like to increase regulation of what it calls “add-on” F&I products such as extended-service co ...
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Pohanka group prevails in suit over GAP coverage
12:01 am U.S. ET | Oct. 15

A proposed class-action suit challenging the validity of the GAP coverage sold by Pohanka group dealerships has been tossed by a federal judge in Baltimore. The plaintiff ...
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How to navigate the incentives maze
12:01 am U.S. ET | Oct. 13

From cash rebates to discount financing to lease subvention deals, complex automaker incentive programs keep dealership F&I departments constantly on their toes to find c ...
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