Finance and Insurance

How subprime leasing can unlock a new customer pool

10:06 am U.S. ET | Jan. 31, 2018

To help build a stable of loyal customers, put in extra effort for customers with poor credit scores who want to lease, dealership insiders advise.... Read More »

Santander to take equity stake in AutoFi

12:00 pm U.S. ET | Jan. 31, 2018

Santander Consumer USA is joining AutoFi's online vehicle sales and financing platform and a unit of the bank's parent is acquiring an undisclosed equity stake in the digital lending platform based in San Francisco.... Read More »

Ally Q4 net income takes 27% hit as tax expense dents profits

10:15 am U.S. ET | Jan. 31, 2018

Ally Financial's fourth-quarter net income took a hit as the lender absorbed a multimillion-dollar tax expense prompted by late-year changes to the U.S. tax code. Overall, Ally expects to boost its bottom line with tax-related savings in 2018.... Read More »

CFPB regains measure of independence on U.S. appeals court ruling

12:16 pm U.S. ET | Jan. 31, 2018

The Consumer Financial Protection Bureau regained a measure of independence when a federal appeals court said the president's power to remove the agency's head is limited to specific reasons.... Read More »

Underwater on your trade-in? No problem, auto lenders say

11:15 am U.S. ET | Jan. 31, 2018

A growing share of the trade-ins that U.S. auto dealers and lenders accept for car-purchase financing are worthless on paper, a sign that banks and finance companies are making riskier loans to keep up revenue as vehicle sales slow.... Read More »

Tailgate thefts on decline, report shows

10:30 am U.S. ET | Jan. 30, 2018

Tailgate thefts reported to insurance companies declined 5 percent in 2017, a report shows, although it's unclear how many such thefts go unreported.... Read More »

For Tesla buyers, no arm and leg

12:01 am U.S. ET | Jan. 29, 2018

Luxury buyers are among the least-stretched in meeting monthly car payments, a study found.... Read More »

Ally commits $750 million for retail contracts at DriveTime

12:00 pm U.S. ET | Jan. 24, 2018

Ally Financial said it will commit $750 million to finance retail contracts for used-vehicle retailing giant DriveTime this year.... Read More »

J.D. Power launches branded F&I products

10:00 am U.S. ET | Jan. 24, 2018

J.D. Power has begun offering F&I products, labeled J.D. Power Automotive Protection Products, for new-car buyers across the U.S.... Read More »

Wrestling with Military Lending Act? Insiders offer help

11:12 am U.S. ET | Jan. 24, 2018

Dealerships and lenders that have been grappling with the latest interpretation of the Military Lending Act may have solutions that will help them remain compliant with the guidelines.... Read More »

HANNAH LUTZ

BLOG: Speak up!

10:00 am U.S. ET | Jan. 24, 2018

Dealers, lenders and other industry players may finally have their shot at sharing their opinions with the CFPB.... Read More »

Watch payments, not unit sales, economist says

10:00 am U.S. ET | Jan. 24, 2018

The industry counts vehicle sales as a broad measure of consumers' economic health, but the monthly payment may provide a better assessment, an economist said.... Read More »

CFPB launches policy review under Trump appointee

9:44 am U.S. ET | Jan. 24, 2018

The Consumer Financial Protection Bureau launched a public review of its operations, indicating broad changes could be coming to the agency after President Donald Trump appointed an interim director.... Read More »

Zurich pulls back on some dealerships' insurance

3:26 pm U.S. ET | Jan. 19, 2018

Zurich North America no longer will offer property and casualty insurance to independent dealerships and some franchise dealerships. F&I products are not affected.... Read More »

Cox sees strong 2018 auto sales, but with potholes

4:11 pm U.S. ET | Jan. 17, 2018

Cox Automotive's chief economist sees strong 2018 auto sales, despite rising interest rates, but a shift toward used cars amid a torrent of off-lease vehicles.... Read More »

'Incorporate a certain amount of fear' and other advice from an F&I insider

11:34 am U.S. ET | Jan. 17, 2018

In his new book, "Perfect Dealership," Max Zanan, president of Total Dealer Compliance, lays out his recommendations for auto retailers. Here are edited excerpts from his chapter on F&I.... Read More »

Chase Auto Finance joins AutoFi retailing platform

11:59 am U.S. ET | Jan. 17, 2018

Dealership websites that use AutoFi's vehicle sales and financing platform will be able to show financing options from Chase Auto Finance beginning in the first half of this year.... Read More »

Tool targets consumers with expiring leases

12:01 am U.S. ET | Jan. 15, 2018

A tool by Pearl Technology Holdings and Experian helps dealerships target prospects based on what they're paying or driving, and helps stores know what to stock.... Read More »

Report alleges discriminatory financing by dealerships

9:02 am U.S. ET | Jan. 12, 2018

A report by the National Fair Housing Alliance found discriminatory pricing tactics in car sales and financing by dealerships. The National Automobile Dealers Association says the report is not representative of "the majority of new-vehicle interactions.”... Read More »

Ally hosts online trivia at Detroit auto show

3:46 pm U.S. ET | Jan. 11, 2018

Ally Financial is partnering with History Channel's Danny Koker to host a limited-run trivia promotion that will be filmed at the Detroit auto show.... Read More »

HANNAH LUTZ

BLOG: Military members deserve fast resolution on lending

11:52 am U.S. ET | Jan. 10, 2018

Dealers and lenders are facing significant challenges following the Department of Defense's latest interpretation of the Military Lending Act, but until the DOD clarifies the interpretation, an act that was designed to protect service members may actually be hurting them.... Read More »

Murky Military Lending Act requirements leave industry scrambling

11:50 am U.S. ET | Jan. 10, 2018

The Department of Defense's latest interpretation of the Military Lending Act, published last month, includes a murky set of rules that could retroactively put dealers and lenders in regulatory jeopardy, attorneys, compliance experts and industry trade associations say.
... Read More »

Average new-car down payment, transaction price hit all-time highs

11:48 am U.S. ET | Jan. 10, 2018

New-car down payments reached a record-high average in December as vehicle transaction prices hit their own high, Edmunds says.
... Read More »

Will competition soften impact of banks' expected rate hikes?

11:49 am U.S. ET | Jan. 10, 2018

Auto loan interest rates at banks will rise this year, pushed by the Federal Reserve's expected rate increases. But heightened competition among auto lenders will mitigate banks' rate hikes, according to Bankrate.com.... Read More »

At Daimler, mobility falls under finance

12:01 am U.S. ET | Jan. 8, 2018

Many of Daimler AG's mobility initiatives in the U.S. and internationally fall under its finance arm, Daimler Financial Services. Finance and mobility are often assumed to be separate tracks, but to Daimler's leaders, they merge.
... Read More »

 
Renault shows it's ready for autonomous future

Peter Sigal
12:01 am U.S. ET | Feb. 21 2018

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Anyone connected to the automotive business will tell you that in the not-so-distant future cars wil ...
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Why rival designers are talking up the Jaguar I-Pace

Richard Johnson
12:01 am U.S. ET | Feb. 19 2018

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It's intriguing when, without prompting, designers talk up a rival vehicle. And that's happening wit ...
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Renault follows Audi into the potentially lucrative e-sports world

Peter Sigal
12:01 am U.S. ET | Feb. 14 2018

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Renault is following other major corporate sponsors, including Audi, into the potentially lucrative ...
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VW has fixed its China operations and is now set to keep its lead

Yang Jian
5:39 am U.S. ET | Feb. 9 2018

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GM, Toyota, Honda, Geely and Great Wall have all had good starts to the year in China, posting stron ...
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Polestar CEO's challenge: embracing change

Douglas A. Bolduc
12:01 am U.S. ET | Feb. 8 2018

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Polestar CEO Thomas Ingenlath made the rare transition of from design boss to chief executive of his ...
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For German automakers, an ugly past that won't go away

Christiaan Hetzner
2:18 pm U.S. ET | Feb. 2 2018

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The moral depths to which Volkswagen was willing to sink in order to defraud public opinion about th ...
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Jaguar XJ could be reborn as electric Tesla fighter

Richard Truett
12:01 am U.S. ET | Jan. 23 2018

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Autocar reported this week that the Jaguar XJ flagship sedan is being rebuilt from the wheels ...
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Peugeot's decision to give 3008 and 5008 SUV styling pays off

Peter Sigal
12:01 am U.S. ET | Jan. 19 2018

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Peugeot's decision to replace its 3008 and 5008 minivans with more crossover-oriented versions has p ...
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BMW exec combines Silicon Valley innovation with corporate rigor

Nick Gibbs
12:01 am U.S. ET | Jan. 17 2018

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German automotive companies have acknowledged that they need to foster a work culture more akin to S ...
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Will Mercedes' G class get juiced?

Amy Wilson
9:35 pm U.S. ET | Jan. 14 2018

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Mercedes could make an electric variant of its iconic G-class SUV, Dieter Zetsche seemed to imply in ...
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Newsletters & Alerts
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European sales rise 7% in January, boosted by SUVs
Europe's new-car market opened the year with 7 percent sales growth in January. Almost all automaker ...
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Renault, Kia and Ford are winners as Russia sales rise 31%
Renault, Kia and Ford were big winners in Russia in January after the new-car market grew by 31 perc ...
 Read More ›
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French, Asian brands outstrip home rivals in rising German market
French and most Asian brands outstripped domestic rivals in sales growth in a German market up 12 pe ...
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UK sales fall 6% in January with diesel demand slumping
UK registrations fell 6 percent last month as weaker consumer confidence and uncertainty over the fu ...
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Italy sales rise 3% on extra selling day
New-car sales in Italy rose 3.4 percent to 177,822 in January, according to figures published by Ita ...
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Spain sales surge 20% in January
New-car sales in Spain surged 20 percent in January on strong demand for the VW, Seat and Peugeot br ...
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France sales increase nearly 3% in January
New-car registrations in France rose 2.5 percent in January, with sales helped by strong gains at Pe ...
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European sales fall 5% in December with Fiat, Nissan and Skoda among biggest losers
European new-car sales fell nearly 5 percent in December, hurt by extra days off for Christmas versu ...
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Kia, VW are winners as Russia sales rise 12% in 2017
Kia and VW brand were the top gainers in Russia last year as the country's new-car market rebounded ...
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Tesla Model S outsells German luxury flagships in Europe
Germany's premium brands are under pressure to accelerate their plans for electric cars after Tesla' ...
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Europe's luxury compact car segment forecast to decline for second year
Aging models such as the BMW 1 series and Audi A3 as well as the continued rise of SUV alternatives ...
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Europe's EV sales expected to top 200,000 this year
Sales of full-electric cars are set to surge to 200,000 this year, helped by the arrival of the new ...
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VW, Peugeot, Seat propel compact SUV sector toward new record
Strong demand for new entries from VW, Peugeot and Seat helped to increase European sales in the com ...
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Premium midsize SUVs overtake sedans, wagons in key European segment
Last year for the first time premium SUV models such as the Volvo XC60, Audi Q5 and BMW X3 were more ...
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Renault, Mercedes, Fiat give new life to pickup segment
Renault, Fiat, Mercedes, and soon PSA, are all launching pickup trucks to take on market leader Ford ...
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Automakers add more tech to subcompact cars to boost margins
New models, increased technology and a strong focus on personalization are helping volume automakers ...
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Small SUVs in focus as Citroen, Hyundai, Kia and Seat ready challengers
Europe's small SUV segment is about to get a lot more crowded as automakers including VW, Hyundai, K ...
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EVs are Europe's fastest growing segment
The EV segment was Europe's fastest growing sector in the first half as sales jumped 56 percent. ...
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Mercedes, Mini, help reverse Europe's cabriolet slump
Europe's premium convertible segment is on the rise as new models from Mercedes, Mini and Porsche he ...
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Denso chairman Katoh retires; Arima remains CEO
Nobuaki Katoh, who led Denso through a recession and the 2011 earthquake and tsunami, is stepping do ...
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Ousted Ford North America boss Nair loses at least $5 million in bonuses
Raj Nair, ousted as Ford's president of North America, will lose a $5 million stock bonus given to h ...
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Toyota promotes female executive to top management level
Chika Kako is a rarity in Toyota's upper echelons. ...
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Rolls-Royce gets new engineering chief from BMW
Rolls-Royce named BMW veteran Mihiar Ayoubi as head of engineering at the British ultraluxury brand. ...
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Kuniskis' job: Fan excitement for Alfa, Maserati
Tim Kuniskis, the car-crazy U.S. sales guy handed control of Alfa Romeo and Maserati, knows somethin ...
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FCA names new global boss for Alfa, Maserati
Fiat Chrysler named Tim Kuniskis to be the new global head for Maserati and Alfa Romeo while trimmin ...
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New ZF CEO is former Bosch autos boss Scheider
ZF recruits mew CEO from Mahle, which had grabbed him from Bosch. Mahle promotes the man it recruite ...
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Nissan Europe promotes veteran alliance exec to top sales job
Nissan Europe has promoted Ken Ramirez to lead its sales and marketing operations in the region foll ...
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Valeo appoints new China president
Valeo has promoted Francois Marion to president of its China unit. ...
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Skoda veteran is Audi's new China sales boss
Audi has appointed Marco Schubert, Skoda's sales chief for Asia, as president of sales at VW's joint ...
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With DS 7, PSA gets upscale flagship
PSA says the DS 7 Crossback will stand out from the competition because of its focus on technology, ...
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BMW makes leaner, sleeker 6-series GT
BMW hopes a more appealing design, greater variability and increased comfort will propel sales of it ...
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Volvo counts on XC40 for conquests
Volvo is counting on its first model in the fast-growing premium compact SUV segment to break a lot ...
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Hyundai gives Kona off-road capabilities to broaden small SUV's appeal
Hyundai hopes a sharp design, advanced connectivity features and off-road capability will help win c ...
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Citroen sees C3 Aircross luring minivan loyalists
Citroen says the C3 Aircross will stand out from rivals in the subcompact SUV segment with its expre ...
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VW seeks youth appeal with T-Roc
VW believes the T-Roc's high-tech connectivity features, expressive design and fashionable color opt ...
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Seat Arona tackles the 'urban jungle'
Seat is aiming its Arona subcompact crossover at inhabitants of "the urban jungle" who don't need of ...
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BMW sticks to X3's winning formula
BMW has stuck to its winning formula for its X3, one of the automaker's highest volume models, givin ...
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Renault touts Alaskan's comfort features
Renault is seeking to capture a share of Europe's small-but-growing pickup segment with the Alaskan, ...
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Mercedes pickup aims to mimic success of brand's SUVs
Daimler hopes the Mercedes X class will be a game-changer for its light commercial vehicles division ...
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Suppliers to the new Toyota C-HR
Assembly of the all-new Toyota C-HR began in November 2016 at the automaker's plant in Sakarya, Turk ...
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Suppliers to the new Aston Martin DB11
Assembly of the all-new Aston Martin DB11 began in May 2016 in at the supercar maker's plant in Gayd ...
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Suppliers to the new Audi Q2
Assembly of the all-new Audi Q2 began in July 2016 at Audi's plant in Ingolstadt, Germany. ...
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