Finance and Insurance

Will prime buyers dent service plans?

12:01 am U.S. ET | Sept. 12, 2016

Consumers' trend toward used cars, especially certified pre-owned, could eventually slow the growth in sales of extended service contracts.... Read More »

Ally Financial starts first unified brand campaign

1:24 pm U.S. ET | Sept. 9, 2016

Ally Financial, the financial services company once known as GMAC, is introducing a brand campaign using the theme "Do It Right."... Read More »

VIDEO: AutoNews Now: Stopping the Bolt - without the brake

3:15 pm U.S. ET | Sept. 7, 2016

Chevy feat: Stopping the Bolt - without the brake; Tesla probes fatal crash; Cars.com going solo; Subprime share of loans drops; Mercedes drones deliver; NFL calls up Ford F-Series.... Read More »

HANNAH LUTZ

BLOG: Rising credit scores, volume on the used lot

11:30 am U.S. ET | Sept. 7, 2016

As a rising number of vehicles come off lease, used-vehicle sales are climbing. Reliable cars at lower cost are drawing more prime-quality customers to the used side of the showroom.... Read More »

Leasing trend moves to used vehicles

11:30 am U.S. ET | Sept. 7, 2016

Leasing continued its upward trend in the second quarter, again reaching all-time-high penetration levels, and used-vehicle leasing is growing with it, Experian Automotive says.... Read More »

View F&I training as an asset, not an expense, dealers urged

11:30 am U.S. ET | Sept. 7, 2016

Dealers should consider F&I training to be an asset, not a hassle, and should encourage long-term coaching to help employees stay on top, a panel of F&I trainers said at the auto finance Industry Summit last week.... Read More »

Dealertrack, F&I Express team up

11:30 am U.S. ET | Sept. 7, 2016

Dealertrack and F&I Express have partnered to offer dealerships connections with more than 130 F&I product providers. Through the Dealertrack eMenu and the Dealertrack Aftermarket Network, dealers will be able to access product rates, generate contracts and forward contracts to the providers.... Read More »

Market share for subprime auto lending declined in Q2

11:30 am U.S. ET | Sept. 6, 2016

Subprime loan share is declining despite chatter around a subprime bubble, Experian said today in its second-quarter State of the Automotive Finance Market report. Subprime and deep subprime share of new and used loans and leases dropped to 22.8 percent in the second quarter, compared with 23.3 percent a year ago.... Read More »

Falotico named Ford Credit CEO

12:01 am U.S. ET | Sept. 5, 2016

A longtime Ford Credit executive is taking over as CEO.... Read More »

Chinese consumers, once averse to debt, embrace credit to stoke car sales

8:00 am U.S. ET | Sept. 4, 2016

Chinese households, traditional savers with an aversion to debt, are rapidly warming to the idea of borrowing to buy a car, as automakers push financing deals to boost sales and margins in an increasingly competitive market.... Read More »

Finding customers' F&I 'sweet spot'

11:30 am U.S. ET | Aug. 31, 2016

Learning about customers' habits and lifestyle has become a best practice for today's F&I managers. With knowledge, the next big F&I trend could be customizing products to a car buyer's individual needs, says Forrest Heathcott, president of F&I product provider and trainer JM&A Group.... Read More »

Leasing's fear factors

11:30 am U.S. ET | Aug. 31, 2016

Many consumers hesitate to lease because they fear unknown and uncontrollable factors, according to a study by F&I provider EFG Cos.... Read More »

HANNAH LUTZ

BLOG: Start prepping now for mobility sea change

11:30 am U.S. ET | Aug. 31, 2016

Car ownership and financing are ripe for innovation over the next 25 years, with most changes leading to more options for consumers and decisions for dealers.... Read More »

VIDEO: AutoNews Now: Self-driving meets 'deep learning'

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

Bridging language gap between humans, self-driving cars; VW turnaround timeline; Walser's luxury buy; New Ford Credit CEO; 'Like a big bomb'; Porsche product pipeline.... Read More »

Ford Motor Credit head Silverstone to retire, Falotico to succeed him

10:50 am U.S. ET | Aug. 30, 2016

Ford Motor Credit Chairman and CEO Bernard Silverstone will retire Oct. 1. He will be replaced by COO Joy Falotico.... Read More »

Chase launches direct lending, with dealers

12:01 am U.S. ET | Aug. 29, 2016

Chase, the consumer and commercial lending arm of JPMorganChase & Co., has launched a digital car shopping and financing tool for its customers in partnership with TrueCar Inc.... Read More »

VIDEO: First Shift: Another tragedy for Takata

12:01 am U.S. ET | Aug. 29, 2016

Another Takata tragedy: Truck in fatal crash; Unifor strike vote; Cadillac boss on defense; Chase, TrueCar launch direct shopping, loan program; BMW, Chevy Olympics marketing gold.... Read More »

VIDEO: First Shift: At GM, new uses for Flint water bottles

12:01 am U.S. ET | Aug. 26, 2016

At GM, new uses for Flint water bottles; Another legal victory, but fight remains; VW dealer settlement said to exceed $1.2B; Bosch theft case examined; Trees, blight and '46 Chevy.... Read More »

Protective Life buys competitor United States Warranty

11:30 am U.S. ET | Aug. 24, 2016

The parent company of Protective Asset Protection will acquire Florida F&I provider United States Warranty later this year, the companies said last week. The deal is expected to help Protective grow in areas where United States Warranty already has a presence, such as in the Southwest and West, Protective said.... Read More »

Student loan debt, now at $1.3 trillion, spells bad news for car sales

11:30 am U.S. ET | Aug. 24, 2016

Moody's Investor Service's lead retail analyst said this week that new-vehicle sales, which hit a record 17.5 million last year, will be hurt by the student loan debt crisis as consumer demand for cars eventually slacks. Younger people, now saddled with more than $1.3 trillion in debt, won't be able to fill the demand gap because they won't have the money, the analyst said.... Read More »

Don't overwhelm customers, keep F&I menu short

11:30 am U.S. ET | Aug. 24, 2016

Overly long F&I product menus can confuse customers. To keep them in check, dealers should periodically review their F&I offerings against the vehicles they sell and the general wants and needs of their customers to “make sure everything aligns,” suggests Marie Knight, vice president for strategic relationships at Zurich North America.... Read More »

Subprime loans become prime target for Oliver

12:01 am U.S. ET | Aug. 22, 2016

Comedian John Oliver devoted nearly 18 minutes of his weekly HBO show “Last Week Tonight” on Aug. 14 to subprime auto lending, loans, which he said closely resembles the buildup to the subprime mortgage crisis that led to the Great Recession.... Read More »

VIDEO: First Shift: Uber-Volvo self-driving project

12:01 am U.S. ET | Aug. 18, 2016

Uber, Volvo to develop self-driving XC90 SUVs; Lawyers implicate Bosch in diesel scheme; Bottleneck at VW plant; S. Korea widens automaker probe; TV host rips subprime-lending trend.... Read More »

Leasing grows but could lose steam, Equifax says

12:45 pm U.S. ET | Aug. 17, 2016

The leasing market continues to grow but the rate of growth won't last forever. For both banks and finance companies, outstanding lease accounts have posted double-digit growth this year through June, Equifax says.... Read More »

Mercedes-Benz Financial repeats atop Power's dealer financing satisfaction study

12:45 pm U.S. ET | Aug. 17, 2016

Dealers ranked Mercedes-Benz Financial Services tops in lender services satisfaction for the second straight year, data from J.D. Power latest U.S. Dealer Financing Satisfaction Study show.... Read More »

 
Mercedes takes another swing at EV van niche


12:01 am U.S. ET | Sept. 22 2016

image
Mercedes will jump back into the battery-powered delivery van niche in 2018, a move that shows pressure is rising to reduce harmful emissions in Europe's congested cities. ...
 Read More ›

For VW, it's not the crime, it's the coverup

Larry P. Vellequette
12:01 am U.S. ET | Sept. 22 2016

image
I am not in the business of weighing sins, but I have noticed -- over the last year as the VW diesel emissions scandal has unfolded -- that all automotive sins are not... ...
 Read More ›

The car as a social evil: Author has hope for driverless future

Bradford Wernle
12:01 am U.S. ET | Sept. 21 2016

image
Is the automobile a social problem? In author and Pulitzer Prize winner Edward Humes's view, the car is worse than that -- it's a health and economic problem as well. ...
 Read More ›

Nissan's ProPilot system lightens the load of driving

Hans Greimel
12:01 am U.S. ET | Sept. 20 2016

image
Nissan's ProPilot semi-autonomous driving technology can steer around curves and slow down for traff ...
 Read More ›

Why Tesla is a different story

Luca Ciferri
12:01 am U.S. ET | Sept. 16 2016

image
Tesla's ability to create desire for its products and to build fierce brand loyalty resembles what A ...
 Read More ›

Why GM won't sell 'breakthrough' EV in the UK

Nick Gibbs
7:34 am U.S. ET | Sept. 14 2016

image
General Motors decided not to sell the Ampera-e, its first full EV, in the UK because the automaker was burned by the sales failure of the Ampera plug-in hybrid. ...
 Read More ›

Opel's Ampera bombed, but thankfully for its successor no one noticed


12:01 am U.S. ET | Sept. 13 2016

image
One of the eco-friendly highlights premiering at the Paris auto show will be the Ampera-e, Opel's se ...
 Read More ›

Renault movie fishes for new Scenic buyers

Luca Ciferri
8:57 am U.S. ET | Sept. 8 2016

image
To give a modern take on its latest Scenic model, Renault has recruited an Italian movie maker to ma ...
 Read More ›

A year later, VW's diesel cheat proves costly

Christiaan Hetzner
5:52 am U.S. ET | Sept. 2 2016

image
A year ago Volkswagen Group confessed in private to U.S. authorities that it had rigged diesel engin ...
 Read More ›

Summer of success for ANE's Rising Stars

Douglas A. Bolduc
12:01 am U.S. ET | Aug. 30 2016

image
It has been a summer of success for executives identified by as Rising Stars by Automotive News Europe. ...
 Read More ›

Newsletters & Alerts
  • Sample
  • Sample
  • Sample
  • Sample
image
European car sales rise nearly 10 percent in August
New-car sales rose 9.5 percent in Europe last month. ...
 Read More ›
image
Russia car sales fall 18% in August
New-car sales in Russia fell 18 percent in August as buyers continued to shun major purchases as the ...
 Read More ›
image
Western Europe car sales rise 8% in August
New-car sales in Western Europe rose 8.1 percent in August, thanks to increased demand in Italy, Spa ...
 Read More ›
image
UK sales rise just 3% in August as VW takes big hit
UK passenger car registrations rose by 3.3 percent in August although VW brand's volume fell by 25 p ...
 Read More ›
French, Italy, Spain car sales rise in August
French registrations increased by 6.7 percent in August with most brands reporting gains. Italy sales were up 20 percent while Spanish sales rose 15 percent. ...
 Read More ›
image
VW brand suffers most as car sales fall 2% in Europe's top 5 markets in July
VW brand car sales fell steeply in Europe's top five markets in July as the automaker continued to s ...
 Read More ›
image
Lada defies Russian market slump with new Western-style cars
Lada bucked the Russia's steep slump with a 4 percent rise in sales last month in a market down 17 p ...
 Read More ›
image
UK car sales flat in July amid signs of a consumer slowdown
British new-car sales were flat in July but demand from private consumers fell, suggesting a hit to ...
 Read More ›
image
Western Europe sales fall 2% in first monthly decline since 2013
New-car sales in western Europe fell 2 percent in July, the first monthly decline since August 2013, ...
 Read More ›
image
Volvo names new electrics, electronics boss
Volvo has appointed Oedgaerd Andersson as its head of electrics, electronics and chassis as the auto ...
 Read More ›
image
Aston Martin loses top exec to Dyson
Aston Martin's former product development director has moved to Dyson, adding substance to reports that the consumer electronics maker is developing an electric car. ...
 Read More ›
image
BMW taps veteran manager to lead China JV
BMW Group appointed veteran manager Johann Wieland to be CEO of BMW Brilliance Automotive, a 50-50 j ...
 Read More ›
image
Bentley recruits new sales chief from VW's Seat
Bentley named Andreas Offermann from VW Group's Seat brand as its new sales and marketing chief as t ...
 Read More ›
image
Bentley names new head of exterior design
Bentley has promoted John Paul Gregory to its head of exterior design. Gregory was previously advanc ...
 Read More ›
image
Bentley names new head of exterior design
Bentley has promoted John Paul Gregory to its head of exterior design. Gregory was previously advanc ...
 Read More ›
image
Audi lures Volvo exec to lead electrics unit
Audi has hired former high-ranking Volvo executive Thomas Mueller to be its head of electrics/electr ...
 Read More ›
image
Volkswagen Group appoints China chief for VW brand
VW Group appointed veteran manager Stephan Woellenstein to the newly created position of CEO for the ...
 Read More ›
image
Ford promotes UK exec Periam to Europe finance chief
Ford executive Will Periam is the new chief financial officer of the automaker's European subsidiary ...
 Read More ›
image
Ex-Mini design chief Warming joins Chinese-backed Borgward
Borgward, a German brand that has been revived with Chinese backing, has recruited Mini's former des ...
 Read More ›
image
Audi Q2 targets affluent downsizers
The Audi Q2 is the first subcompact SUV/crossover from a German luxury brand. ...
 Read More ›
image
Hyundai sees Ioniq as brand hero
Hyundai sees its new Ioniq as its green flagship and a key image booster in Europe even if sales wil ...
 Read More ›
image
Seat expects Ateca to strengthen its profitability
Seat, which recently returned to profitability after years of losses, expects to further strengthen ...
 Read More ›
image
Ford makes Edge its European flagship
Ford says it will target premium rivals including the Volvo XC60 and Audi Q5 with its new European f ...
 Read More ›
image
Cadillac XT5 price undercuts rivals in Europe
Cadillac aims to increase its SUV market share in Europe by pricing its new XT5 below German premium ...
 Read More ›
image
Honda hopes NSX halo effect will give automaker a boost in Europe
Honda hopes for a halo effect boost in Europe from its NSX supercar. The NSX is a "branding exercise ...
 Read More ›
image
Alfa touts Giulia's driving dynamics
Alfa Romeo claims its new Giulia has better driving dynamics than rivals such as the BMW 3 series be ...
 Read More ›
image
Suzuki Baleno is company's first model in Europe with fuel-saving mild hybrid
Suzuki has boosted fuel economy in its new Baleno hatchback by using a mild hybrid system for the fi ...
 Read More ›
image
MG aims first SUV at budget buyers
MG Motor, a Chinese-owned UK brand, is aiming its first SUV, the GS, at families looking for a budge ...
 Read More ›
image
Maserati expects first SUV to become its best-seller
Maserati is embracing the boom in luxury SUV sales with the launch of its Levante crossover, which t ...
 Read More ›
image
Suppliers to the new VW Tiguan
VW started production of the new Tiguan in January at its factory in Wolfsburg, Germany. Output is e ...
 Read More ›
image
Suppliers to the new Bentley Bentayga
Bentley Bentayga production began in November 2015 at the brand's factory in Crewe, England. ...
 Read More ›
image
Suppliers to the new Renault Talisman
Assembly of the new Renault Talisman began in September 2015 at Renault's factory in Douai, France. ...
 Read More ›
image
Suppliers to the new Alfa Romeo Giulia
Assembly of the all-new Alfa Romeo Giulia began in March at parent Fiat Chrysler Automobile’s ...
 Read More ›