GM tells Ally that GM Financial will get all of Chevy's subsidized leases

6:30 pm U.S. ET | Feb. 27, 2015 | UPDATED: 2/27/15 9:19 pm ET -- corrected
General Motors has notified Ally Financial that it will steer all of its lease subsidies for the Chevrolet brand to captive finance company GM Financial, instead of sharing them among Ally, GM Financial,...... Read More »

Sonic is most-improved in Q4 F&I revenue

11:22 am U.S. ET | Feb. 25, 2015 | UPDATED: 3/2/15 10:19 am US ET - adds correction
Sonic Automotive Inc. posted the biggest increase in average F&I revenue per vehicle in the fourth quarter among the six public new-car retail groups, the tallies, completed today, show.... Read More »

Reports of growing auto loan delinquencies are overblown, credit bureaus say

10:39 am U.S. ET | Feb. 25, 2015
Despite media notions that U.S.... Read More »

Consumer Portfolio gains volume; retraining continues after FTC action

10:57 am U.S. ET | Feb. 25, 2015
Subprime auto lender Consumer Portfolio Services reported strong volume growth in the fourth quarter and for all of 2014, despite a run-in with the...... Read More »

JPMorgan says U.S. examining racial disparities on car loans

11:03 pm U.S. ET | Feb. 24, 2015
JPMorgan Chase, the largest US bank, said it’s in talks with the Department of Justice about possible racial disparities in markups that auto...... Read More »

Auto loan securitization probed by U.S., states

4:50 pm U.S. ET | Feb. 24, 2015
The Justice Department and state authorities are looking into the securitization of auto loans for possible fraud as part of an effort to seek out...... Read More »

Auto originations advance 17%; 90-day delinquencies tick up in Q4, Fed says

11:00 am U.S. ET | Feb. 18, 2015
Auto originations rose a robust 17 percent in the fourth quarter, while accounts considered seriously delinquent ticked up slightly, according to the...... Read More »

New name, growth for Citizens' auto lending channel

11:00 am U.S. ET | Feb. 18, 2015
RBS Citizens Auto Finance is now Citizens One Auto Finance.... Read More »

Q&A

JM&A is in growth mode

11:00 am U.S. ET | Feb. 18, 2015
F&I product vendor JM&A Group sold a record 3.2 million contracts in 2014. That was up from 3 million contracts in 2013 and 2.5 million in 2012.... Read More »

Subprime lures Volvo captive

12:01 am U.S. ET | Feb. 18, 2015
Volvo Car Financial Services U.S. plans to begin offering financing to customers with subprime credit scores in the second or third quarter.... Read More »

Public retailers make F&I per-vehicle gains; Group 1 breaks $1,500

11:30 am U.S. ET | Feb. 11, 2015
Four public new-car retailers posted higher F&I revenue per vehicle retailed in the fourth quarter, and three hit all-time highs.... Read More »

For Ford Credit, 2015 'is a story of growth'

11:00 am U.S. ET | Feb. 11, 2015
Ford Motor Credit is looking to grow along with overall U.S. auto sales in 2015.... Read More »

GM Financial, Santander rev move to prime

11:30 am U.S. ET | Feb. 11, 2015
GM Financial and Santander Consumer USA, two traditional subprime specialists, are accelerating strategic moves into prime-risk loans and leases in...... Read More »

U.S. prosecutors settle bias case against auto lender-dealers

10:02 am U.S. ET | Feb. 11, 2015
The Justice Department said it reached a settlement in its first-ever discrimination case against auto dealers who also finance the purchase of used...... Read More »

Why insiders say subprime auto loans pose no risk

12:01 am U.S. ET | Feb. 7, 2015
Auto retailers and lenders are trying to debunk the notion that a bubble of rapid growth in subprime auto loans will lead to a wave of defaults,...... Read More »

New Ally CEO outlines plans to increase nonprime loans

12:19 pm U.S. ET | Feb. 5, 2015
Jeff Brown, newly promoted to CEO of Ally Financial, got more specific about Ally's plans to increase its mix of below-prime loans.... Read More »

GM Financial's new system will boost credit apps

11:00 am U.S. ET | Feb. 4, 2015
GM Financial is developing technology that will enable it to accept consumer credit applications on General Motors' websites and the websites of GM...... Read More »

CU Direct adds concierge-style auto shopping service

11:00 am U.S. ET | Feb. 4, 2015
CU Direct, which links credit unions and dealerships’ F&I offices through its CUDL lending platform, is working with select dealerships to...... Read More »

U.S. prosecutors, pursuing more '08 crisis cases, eye auto loans

12:12 pm U.S. ET | Feb. 4, 2015
The U.S.... Read More »

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