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Tesla car fire examination to be observed by NTSB

The National Transportation Safety Board is sending a technical specialist to observe Tesla's examination of a Model S that caught fire in California on Friday, the agency said in a statement Monday.


VW executive tally in diesel scandal grows with Stadler arrest

Rupert Stadler's arrest adds to the list of German and American executives at Volkswagen AG that have been held, charged, or both over their alleged involvement in the emissions-testing scandal.

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Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.

Sell F&I products that correspond with your business

To increase F&I profit margins, dealerships should be sure F&I products match their inventory and customer demographic, suggests John Stephens of EFG Cos. Then, focus on penetration rates. "By having a customer-first mindset, F&I departments tend to have more consistent product sales at low to medium markups," he said. "They also tend to have lower chargebacks due to refinance or product cancellations."

The tech effect

A tech-driven auto retailing transformation is inevitable, but what that transformation will look like, and how the industry will get there, is less predictable.

Ex-dealer launches buying, financing app

After decades in the brick-and-mortar world as a dealer, Rod Buscher launched Blinker, a mobile app for customers looking to buy, sell or refinance used cars without visiting a dealership.

Ally partners up to maintain tech edge

More than a decade ago, on the precipice of an epochal shift in the automotive finance sector, Ally Financial was born. The lender sees technology as part of its DNA.

F&I revenue outpaces vehicle sales in '17

Finance and insurance revenue per vehicle and overall F&I revenue grew at the 150 largest dealership groups in the U.S., amid an industrywide light-vehicle sales slowdown, according to an Automotive News survey.

Gap between new, used payments widens

The gap between new- and used-vehicle loan payments continued to widen in the first quarter, even as lease returns lift overall used-vehicle loan amounts, according to Experian's latest report.


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