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The F&I Newsletter

 

Stories that appeared in our weekly F&I Report Newsletter

 
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Sonic learns the importance of paperwork, staffing

Shortage of document specialists cut F&I profits
12:01 am U.S. ET | Oct. 22

In launching its One Sonic-One Experience initiative, Sonic Automotive had the technology, the store and the full attention of its top management committed to making it work. What it didn't have, in the finance and insurance office, were enough document specialists.
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Anderson named CEO at Exeter Finance
12:01 am U.S. ET | Oct. 22

Subprime auto lender Exeter Finance Corp. named Thomas Anderson its CEO, succeeding Mark Floyd, who will continue to serve on the company's board of directors. ...
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Huntington, Fifth Third, Capital One target prime-risk auto loans
12:01 am U.S. ET | Oct. 22

Some big banks in auto lending are responding to tougher competition by zeroing in on prime-risk loans. Huntington Bank and Fifth Third Bank are restricting lending to pr ...
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JAMES B. TREECE
Why loan length doesn’t matter
12:01 am U.S. ET | Oct. 22

There’s another reason not to fret over longer new-car loans: The numbers can be misleading. ...
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Consumer Portfolio grows, staffs up for tax-refund season
12:01 am U.S. ET | Oct. 22

Consumer Portfolio Services increased auto originations 35 percent in the third quarter to $279.3 million, aided by a slowdown in subprime loans at competing lenders. ...
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