Finance and Insurance

Q&A: DAWN MARTIN HARP, HEAD OF DEALER SERVICES, WELLS FARGO

Wells Fargo executive watchful of loan terms

12:01 am U.S. ET | April 11, 2016

Dawn Martin Harp, the head of dealer services with Wells Fargo, says her company has remained conservative when it comes to longer loans but understands that longer loans they are important to helping people afford vehicles as prices rise faster than income.... Read More »

For lenders, hassles but headway with CFPB

12:01 am U.S. ET | April 11, 2016

Some lenders say they've grown used to the Consumer Financial Protection Bureau. The CFPB conversation has even turned in auto lenders' favor in some ways, and it's making the industry better, experts say.... Read More »

VIDEO: First Shift: 100-car self-driving test in China

12:01 am U.S. ET | April 7, 2016

Volvo to test up to 100 self-driving cars in China; Google car's new road; Airbag death toll rises; Honda Financial glitch; Silent supercars?... Read More »

Honda 'working feverishly' to fix customer billing glitch

2:45 pm U.S. ET | April 6, 2016

Honda Financial Services scrambled Wednesday to identify and repair a payment processing glitch on its website and servers that significantly overcharged consumers.... Read More »

Maserati taps Chase for private-label financing

11:15 am U.S. ET | April 6, 2016

Maserati is partnering with Chase to establish a captivelike brand: Maserati Capital USA. Chase took over as Maserati's private-label financial provider on April 1 in more than 100 Maserati dealerships across the U.S. Maserati Capital USA will provide financing and leasing options for consumers and Chase will offer commercial lending and treasury services for Maserati dealers.... Read More »

Q&A

VW Credit will add credit tiers, branded F&I products, CEO says

11:00 am U.S. ET | April 6, 2016

The new head of VW Credit spent most of his first quarter on the job visiting VW and Audi dealers across the country. Based in part on that feedback, VW Credit extended its Sunday hours. The captive is also working on adopting a new IT platform, adding new credit tiers, and launching new, branded F&I products.... Read More »

Ally, captives offer leases for used models

11:15 am U.S. ET | April 6, 2016

In response to a changing customer mindset and to handle the influx of off-lease vehicles this year, Ally Financial is offering its dealers a used-vehicle leasing product for 15 brands. The captive finance arms for the BMW, Porsche, Toyota and Scion brands also are launching used leasing programs.... Read More »

HANNAH LUTZ

BLOG: For some, a shift in tone on CFPB

11:00 am U.S. ET | April 6, 2016

Over the past few years, many auto lenders and dealers have considered the Consumer Financial Protection Bureau an enemy -- robbing dealers of their right to adjust retail margins on auto loans and charging lenders with claims of discriminatory practices. But recently, the tone of some industry experts has shifted.... Read More »

Used-car values, residuals, leasing linked

12:01 am U.S. ET | April 6, 2016

Used-vehicle values, residuals and leasing are inseparable. When one hurts, the others suffer, too, analysts say. And with used-vehicle prices expected to come down this year, that means the lenders who have supported leasing's recent growth will face tough choices.... Read More »

What traits make a good F&I manager?

12:01 am U.S. ET | April 6, 2016

Blake Bailey, finance director at Hennessy Mazda-Buick-GMC in Morrow, Ga., wants F&I managers who are warm, inviting, knowledgeable and adept at helping customers identify their needs.... Read More »

If new-vehicle sales stall, will F&I step up?

12:01 am U.S. ET | April 6, 2016

Dealerships have long relied on F&I departments for profit. If new-vehicle sales decrease or plateau, F&I departments could be part of the solution to securing healthy dealership profits -- but not on their own, industry insiders say.... Read More »

U.S., VW may not reach emissions deal by April 21, EPA chief says

11:32 am U.S. ET | April 5, 2016

The top U.S. environmental official expressed uncertainty on Tuesday about whether the Obama administration and VW will meet an April 21 court deadline to come up with a plan to address excess emissions from 580,000 diesel vehicles sold in the country.... Read More »

VIDEO: First Shift: Way to pump up fuel cells?

7:45 am U.S. ET | April 4, 2016

Toyota's fuel-cell growth theory: Location matters; Good side to leasing, Experian exec says; Ally offering used-vehicle leases; Ford's Salute to Dealers.... Read More »

Experts: Public groups to take a back seat in '16 buy-sells

12:01 am U.S. ET | April 4, 2016

Well-capitalized private dealership groups and outside buyers, such as family offices and private-equity firms, will dominate buy-sell transactions this year - as publicly traded retailers dial back, buy-sell advisers predict.... Read More »

Ally offers leases for select used cars, trucks

12:01 am U.S. ET | April 4, 2016

In response to a changing customer mindset and to handle the influx of off-lease vehicles this year, Ally Financial is offering its dealers a used-vehicle leasing product.... Read More »

VIDEO: AutoNews Now: March U.S. sales winners, losers

7:45 am U.S. ET | April 2, 2016

March sales winners, losers; 'Root cause' of Mazda's drop; VW dealers try to avoid lawsuit; Off-lease flood forecast; N.Y.'s Kitty Van Bortel named Time Dealer of the Year.... Read More »

Q&A

Captive COO focuses on Ford plan

6:52 pm U.S. ET | March 31, 2016

Compliance, achieving portfolio goals and evolving to support Ford's transition to an auto company and a mobility company are some of Joy Falotico's goals in her first year as Ford Motor Credit's COO.... Read More »

Ally rolls out used-vehicle leases

8:22 pm U.S. ET | March 31, 2016

In response to a changing customer mindset and to handle the influx of off-lease vehicles this year, Ally Financial is offering its dealers a used-vehicle leasing product, the lender told Automotive News.... Read More »

Ally nearly halts losses in its floorplan share

2:00 pm U.S. ET | March 31, 2016

In the fight for floorplan business, Ally is steadying its ground. Ally nearly stopped a five-year slide in floorplan share for General Motors and Fiat Chrysler dealers in 2015.... Read More »

Lenders panel says worries overblown

7:22 pm U.S. ET | March 31, 2016

A panel of economists and industry leaders told auto lenders gathered for an annual conference that the auto market and auto lending remain strong, with numerous indicators pointing to a solid 2016.... Read More »

TrueCar shelves plans for online financing

11:30 am U.S. ET | March 30, 2016

Whatever plans or discussions TrueCar previously may have had about offering TrueLoans or TrueLeases online, those now are “off the table,” CEO Chip Perry says.... Read More »

JAMES B. TREECE

BLOG: Autos are a small part of military complaints to CFPB

11:30 am U.S. ET | March 30, 2016

The latest CFPB report on complaints filed by service members shows, once again, that dealerships and auto loans are far, far down on the list of financial issues that service members complain about.... Read More »

Auto lenders work to lift borrowers out of subprime

12:01 am U.S. ET | March 30, 2016

Auto lenders are guiding subprime borrowers on credit do's and don'ts.... Read More »

First, take auto finance course, then get the loan

12:01 am U.S. ET | March 30, 2016

Picking out and financing a vehicle for the first time can be a tricky task, but one used-car dealership in Michigan is rolling out a program that makes the process a little less daunting.... Read More »

Lenders panel says worries are overblown

11:30 am U.S. ET | March 30, 2016

A panel of economists and industry leaders told auto lenders gathered for an annual conference that the auto market and auto lending remain strong, with numerous indicators pointing to a solid 2016.... Read More »

 
Why convertible SUVs could have a bright future

Douglas A. Bolduc
12:01 am U.S. ET | May 6 2016

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Convertible roof specialist Webasto says the Range Rover Evoque cabrio's five-layered folding fabric ...
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Why a PSA-FCA merger should happen - but won't


12:01 am U.S. ET | May 4 2016

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Fiat Chrysler has been actively seeking a merger partner since September 2014 and a possible combina ...
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Lightweighting push puts pressure on leather

Nick Gibbs
12:01 am U.S. ET | April 29 2016

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Automakers' growing desire to cut weight from cars wherever they can is significantly boosting sales of an upmarket leather alternative, says the boss of the company that... ...
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VW's other headache: workers' demand for a 5% pay hike

Christiaan Hetzner
4:06 am U.S. ET | April 20 2016

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Volkswagen has enough money to cover the costs of its emissions-rigging scandal. ...
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VW's tone-deaf management


8:56 am U.S. ET | April 13 2016

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In view of Volkswagen's emissions-rigging scandal, it's amazingly tone-deaf and irresponsible that t ...
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Google and Apple can be good for industry, Renault-Nissan connectivity chief says

Bruce Gain
12:01 am U.S. ET | April 13 2016

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Are Google and Apple enablers or disruptors? A little of both, says Ogi Redzic, Renault-Nissan's head of connected vehicles and mobility services. ...
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Will the Mercedes pickup truck be called X class?

Jay Ramey
12:01 am U.S. ET | April 8 2016

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Mercedes will preview its upcoming pickup truck at the Paris auto show this autumn, according to a m ...
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Bo Andersson shares lessons learned at Lada

Nick Gibbs
12:01 am U.S. ET | April 7 2016

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Bo Andersson, the departing CEO of Lada maker AvtoVAZ, used his farewell email to say he was “ ...
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Is CNG the future? Yes, but…

Luca Ciferri
12:01 am U.S. ET | April 6 2016

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Rinaldo Rinolfi, one of the fathers of the common-rail diesel, and a true powertrain guru, is someon ...
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PSA demonstrates realistic way of measuring fuel economy

Nick Gibbs
12:01 am U.S. ET | April 2 2016

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PSA says it aims to win back trust from consumers in the wake of VW's emissions-cheating scandal by ...
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Newsletters & Alerts
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UK car sales rise 2% in April
UK new-car registrations rose 2 percent last month even as sales of the market's three best-selling ...
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Western Europe car sales increase 8% in April
Western European car registrations rose 8 percent in April as Germany, France, the UK, Italy and Spa ...
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German car sales rose 8% in April, adding to France, Italy, Spain gains
German new-car registrations rose 8 percent in April, joining robust growth in France, Italy and Spa ...
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French car sales rise nearly 7% in April
French new-car sales rose nearly 7 percent in April, boosted by strong gains at foreign automakers i ...
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European car sales rise 6% in March but VW brand dips
European new-car sales rose nearly 6 percent last month despite a fall in sales for Volkswagen's cor ...
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Russia's March car sales drop 10% as decline slows
New-car sales in Russia fell 10 percent in March, the smallest decline in 15 months, causing a leadi ...
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Western Europe car sales rise 5% in March
Western European car sales rose 5.2 percent in March on strong growth in the UK, France and Italy. F ...
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VW brand trails rivals as Europe sales rise 14% in February
European new-car sales rose 14 percent in February, but Volkswagen lost market share for the sixth m ...
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Nissan Qashqai, Audi Q3 lead continued sales surge for SUVs in Europe
Sales of SUVs and crossovers surged 22 percent in Europe last year, outpacing the overall market's 8 ...
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Western Europe car sales rose 14% in February
Western European car sales rose 14 percent in February as key regional markets reported double-digit ...
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PSA's marketing revamp will be headed by Renault veteran
PSA Group's new head of sales and marketing, Stephen Norman, will lead an overhaul of the automaker' ...
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Porsche development chief Hatz to leave company
Porsche said its development chief, Wolfgang Hatz, has left the company amid parent VW Group's emiss ...
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BMW promotes Petter Witt to N.A. vice president of operations
BMW has rewarded a regional manager who “fully embraced” the automaker's efforts to create its Future Retail dealership standards. ...
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IAC promotes two execs to head N.A., Europe operations
International Automotive Components named Maurice Sessel and Kelli Carney to run its North American and European operations, respectively. ...
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Mini appoints new head of Americas
David Duncan, head of Mini of the Americas, will take on a new role as head of BMW Group's corporate and special sales. ...
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Renault names new finance chief as Thormann retires due to poor health
Renault finance director Dominique Thormann is retiring for health reasons. He will be succeeded by Clotilde Delbos, currently a senior vice president at the automaker. ...
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Renault picks company veteran to head Dacia
Renault named veteran executive Yves Caracatzanis as head of its Dacia low-cost brand in Romania. ...
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PSA promotes Italy chief to run Changan JV in China
PSA/Peugeot-Citroen named veteran manager Olivier Mornet as president of its Chongqing Changan Auto ...
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GM appoints veteran Brazilian executive as Europe engineering chief
GM named Brazilian national William Bertagni as head of its European vehicle engineering unit. Berta ...
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Porsche turbocharges new Boxster
Porsche is repositioning its latest Boxster with a new name, a higher price tag, and a new four-cyli ...
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Toyota counts on big boost from greener, zippier Prius
Toyota expects to solidify its position as the region's leader in hybrid sales with the new Prius, w ...
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High-tech E class pushes Mercedes ahead of rivals
Mercedes-Benz makes a big leap toward self-driving cars with the new E class, which debuts a hands-f ...
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Kia renews Sportage but drops the price
Kia has reduced the price of its new Sportage in the key German market even though the SUV is roomie ...
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Audi focuses on battery to make Q7 e-tron stand out from plug-in rivals
Audi expects its Q7 e-tron plug-in hybrid to stand out from a fast-growing list of competitors that ...
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Subaru wants Levorg to help brand forget losing Legacy
Subaru expects its new Levorg station wagon to have success in Europe that eluded the vehicle it rep ...
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SsangYong adds diesel, awd to Tivoli SUV
SsangYong hopes the addition of a diesel engine will boost sales of its Tivoli in Europe's booming s ...
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Range Rover Evoque convertible is not a 'niche too far'
Land Rover says its Range Rover Evoque created a new niche for sporty premium compact SUVs when the ...
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Hyundai Tucson gets big boost from Europe's SUV boom
Hyundai expects the Tucson to change perceptions of the brand in Europe, thanks to its bolder design ...
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Product launches follow a faster cadence
New model launches are getting faster, more frequent and less certain. They also might be a lot fart ...
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Suppliers to the new Audi A4
Assembly of the fifth-generation Audi A4 began in July 2015 at Audi's factory in Ingolstadt, Germany ...
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Suppliers to the new Skoda Superb
Assembly of the third-generation Skoda Superb began in April 2015 at Skoda's factory in Kvasiny, Cze ...
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Suppliers to the new Ford S-Max
Assembly of the second-generation Ford S-Max began in May 2015 at Ford's factory in Valencia, Spain. ...
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Suppliers to the new Mercedes GLC
Production of the first-generation Mercedes-Benz GLC began in June 2015 at parent Daimler's factory ...
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Suppliers to the new Jaguar XF
Assembly of the second-generation Jaguar XF began in June 2015 at Jaguar Land Rover's factory in Cas ...
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Suppliers to the new Audi Q7
Assembly of the second-generation Audi Q7 began in February 2015 at the German automaker's factory i ...
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