Finance and Insurance

Big auto lenders save up for higher losses

12:01 am U.S. ET | June 12, 2017

Some of the biggest U.S. auto lenders are socking away significantly more money to cover higher losses ahead. The upshot for dealers and customers is likely to be tighter credit down the road, especially in subprime.... Read More »

Nissan to provide Mitsubishi financing

12:01 am U.S. ET | June 12, 2017

Nissan Canada Finance will become Mitsubishi Canada's captive financing partner for vehicle leasing and loan services in a bid to attract more buyers.... Read More »

How vehicle data could help drive F&I sales

12:01 am U.S. ET | June 12, 2017

In the future, vehicles will send data to dealerships and F&I product vendors directly, helping them to determine which products car owners need and when, industry insiders predict.... Read More »

Canadian dealers want lenders to be partners

12:01 am U.S. ET | June 12, 2017

When finance providers act less like lenders and more like business partners, Canadian dealerships run more smoothly, according to a J.D. Power study.... Read More »

More used, fewer new sales could improve negative-equity levels

12:01 am U.S. ET | June 12, 2017

Experts have mixed views on the future of negative-equity levels, but most agree that it will largely depend on used-vehicle values and the new-vehicle sales rate.... Read More »

Q&A

Hyundai Capital: Burying buyers in debt is dangerous

12:01 am U.S. ET | June 12, 2017

In this Q&A, Hyundai Capital Vice President Mark Abbasi talks about how to turn a negative-equity situation into a positive one.... Read More »

New-vehicle down payments reach a near record in May

12:01 am U.S. ET | June 12, 2017

The average down payment on new vehicles reached a near-record high last month, data from Edmunds show.... Read More »

Carvana finances 70% of its customers

11:28 am U.S. ET | June 7, 2017

About 70 percent of online used-vehicle retailer Carvana's customers choose to finance their vehicles through the company.... Read More »

Down payments on new vehicles rise as rates creep up

11:24 am U.S. ET | June 7, 2017

The average down payment on new vehicles reached a near-record high last month, data from Edmunds show.... Read More »

Delinquencies are highest on loans with 73-76 month terms

11:27 am U.S. ET | June 7, 2017

Industry insiders have expressed concerns over 84 month loans, but 73-76 month loans have the highest delinquency rates, according to Experian.... Read More »

Loan terms continue to lengthen

12:01 am U.S. ET | June 5, 2017

The share of new-vehicle loans with maturities of 73 to 84 months has nearly tripled in the past eight years. Used-vehicle financing is seeing the same trend.... Read More »

Tesla owners should pay more for insurance, AAA says

12:01 am U.S. ET | June 4, 2017

Data shows Tesla owners report more claims than average, and those claims cost more, a major insurance group said. Tesla disputes the data analysis.... Read More »

HANNAH LUTZ

BLOG: Watch out for month-end fraud

11:01 am U.S. ET | May 31, 2017

The dealership fraud rate is 56 percent higher in the last week of the month than in the first week, PointPredictive says. The threat comes from outside and inside the dealership.... Read More »

New-car loans lasting 73 to 84 months soar

11:17 am U.S. ET | May 31, 2017

New-vehicle loans lasting 73 to 84 months have risen sharply in the past eight years. Longer terms are becoming more commonplace in used-vehicle financing, too.... Read More »

Canadian dealers favor lenders that can be partners, study finds

11:13 am U.S. ET | May 31, 2017

When finance providers act less like lenders and more like business partners, Canadian dealerships run more smoothly, a study by J.D. Power found.... Read More »

Ally looks to boost online used volume via TRED partnership

11:33 am U.S. ET | May 31, 2017

Ally Financial has begun offering auto loans and F&I products to online used-vehicle buyers through a partnership with TRED. The tie-up will generate an incremental increase in Ally's insurance business, said Doug Timmerman, president of Ally Insurance.... Read More »

A new warning as fewer subprime auto borrowers pay off early

9:42 am U.S. ET | May 31, 2017

Fewer subprime borrowers are paying off their auto loans early, a possible sign that consumers with weaker credit scores are struggling more, according to a report by Wells Fargo researchers.... Read More »

A $256 million court victory, but 'I still lost'

12:01 am U.S. ET | May 29, 2017

Ex-Nissan dealer Mike Kahn won big in his case against his lender, but says he's still out "the eight years I spent fighting for my reputation and my name."... Read More »

TD Auto Finance moves down credit tiers as others move up

11:07 am U.S. ET | May 24, 2017

One-time superprime specialist TD Auto Finance is increasing its portfolio by expanding its prime and near-prime loan segments and originating more used-vehicle loans.... Read More »

How vehicle data could help drive F&I sales

11:00 am U.S. ET | May 24, 2017

In the future, vehicles will send data to dealerships and F&I product vendors directly, helping them to determine which products car owners need and when, industry insiders predict.... Read More »

HANNAH LUTZ

BLOG: Should dealerships go back to the basics for best F&I results?

11:29 am U.S. ET | May 24, 2017

Whether it's a customized presentation, a digital menu or online F&I product intros, many F&I companies have suggested an adjusted approach for today's consumer. But for some dealerships, it may be best to stick to the basics, an F&I expert says.... Read More »

Santander checked income on just 8% of subprime auto borrowers for bond issue

9:03 am U.S. ET | May 24, 2017

Santander verified income on just 8 percent of borrowers whose loans it recently bundled into $1 billion of bonds, according to Moody's Investors Service.... Read More »

Ex-dealer wins $256M jury award from Nissan finance unit

7:17 pm U.S. ET | May 23, 2017

After years of legal wrangling, ex-Nissan dealer Mike Kahn has been awarded $256 million by a jury against Nissan Motor Acceptance Corp.... Read More »

HANNAH LUTZ

BLOG: F&I departments would do well to tap high schoolers

12:00 pm U.S. ET | May 17, 2017

Automakers and suppliers have established partnerships with high schools to breed the next generation of talent and give teenagers an industry education. Can the same be done in the F&I world?... Read More »

Former store owner, fugitive sentenced to 10 years for fraud

1:40 pm U.S. ET | May 17, 2017

The criminal prosecution of Eminiano "Jun" Reodica Jr. came to a close this week when he was sentenced to 10 years in prison.... Read More »

 
Volvo's Ingenlath achieves rare feat

Douglas A. Bolduc
12:01 am U.S. ET | June 21 2017

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Volvo's Thomas Ingenlath is among a small number of designers who have been tapped to lead a brand. ...
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Chinese carmakers declare war on foreign rivals

Yang Jian
7:59 am U.S. ET | June 19 2017

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Until recently, Chinese automakers were widely considered to be cheap, low-quality marques that were ...
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Why VW will not sell Polo in the U.S.


10:36 am U.S. ET | June 16 2017

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VW sees no profit in adding the Polo subcompact to a U.S. lineup dominated by SUVs and sedans. ...
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China's EV market: Something for everybody

Yang Jian
12:01 am U.S. ET | June 16 2017

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VW and Daimler soon will have a strong presence in the mass market for EVs in China. ...
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How engine gurus cope with the EV's rise

Douglas A. Bolduc
12:01 am U.S. ET | June 15 2017

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Engine gurus at powertrain components provider BorgWarner have some interesting views on the rise of electric vehicles. ...
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Would you buy a car from Amazon?

Chris Bryant and Andrea Felsted
12:01 am U.S. ET | June 14 2017

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The automotive retail market is too big for Amazon to ignore. ...
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Data: Gold mine or land mine?

Luca Ciferri
12:01 am U.S. ET | June 4 2017

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Fully autonomous cars are coming and many automakers believe that these highly connected vehicles will offer lucrative returns from data that they hope to sell to tech... ...
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Geely, a winner in China, faces uphill battle establishing itself overseas

Yang Jian
4:01 am U.S. ET | June 2 2017

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Geely has emerged as the largest domestic carmaker in China this year, but despite its worldwide amb ...
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Piech isolated at family gathering

Christiaan Hetzner
7:16 am U.S. ET | May 30 2017

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Ferdinand Piech made what may be the last appearance at his family's holding company that controls a ...
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After Fields, is anyone safe?

Jason Stein
12:01 am U.S. ET | May 29 2017

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Former Ford CEO Mark Fields restored European profits, renegotiated labor agreements and started a movement to the world of mobility. ...
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Newsletters & Alerts
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European sales rise 8% in May, nearing pre-crisis levels
European new-car registrations rose nearly 8 percent in May, with nearly all automakers recording sa ...
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VW, Kia and Lada make big gains as Russia sales rise 15%
New-car registrations in Russia increased 15 percent in May, the third consecutive month of higher s ...
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German sales jump 13% on fleet demand
German new-car sales rose 13 percent in May on two extra selling days and strong sales to business f ...
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Spain sales reach highest May level for 9 years
New-car sales in Spain rose 11 percent in May to the highest level for the month since 2008, helping ...
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VW among winners as Italy's market gains 8%
New-car sales in Italy rose 8.2 percent in May in the best result for the month in nine years as the ...
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French sales rise 9% in May
New-car registrations in France rose 8.9 percent in May with Seat, Ford, Fiat, Mercedes and Renault ...
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European sales fall 7% on VW, British slump
Passenger car registrations fell 7 percent in Europe in April on fewer selling days and a big slump ...
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VW, Kia, Renault benefit as Russia sales rise 7%
New-car sales in Russia rose 7 percent last month as the market's rebound gathered momentum after fo ...
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Spanish sales rise on Easter tourism boost
New-car registrations in Spain rose 1.1 percent in April, boosted by holiday rental sales. VW's Seat ...
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European minicar sales forecast to dip this year, remain steady until 2020
Automakers are increasing technology levels in Europe's minicar segment to maintain consumer interes ...
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Europe's compact minivan sales forecast to see steady decline
Europe's compact minivan segment is forecast to continually decline until 2020 because of rising dem ...
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Europe's small SUV sales forecast to top 2 million next year
Europe's small SUV/crossover segment is forecast to continue its rapid growth as models from latecom ...
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New mild hybrid tech will shake up green car sales
Mild hybrid cars with cheaper and less complex technology than plug-in and full hybrids will reduce ...
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SUV sales rise to 25% of European market
SUVs and crossovers accounted for a quarter of all European passenger vehicle sales last year as mod ...
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VW Golf, other volume compacts lose share to premium rivals, SUVs
The VW Golf and Ford Focus compacts are being squeezed as premium competitors such as the Mercedes A ...
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Europe's large premium SUV segment heads for record year
Europe's large premium SUV segment is on track for a record year, helped by rising sales of models s ...
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Tesla's autopilot software head quits in less than six months
Tesla's head of its autopilot software, Chris Lattner, has left the company within six months of joi ...
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Former VW design chief de Silva joins Edag to style EVs for China
Volkswagen Group's former design chief, Walter de Silva, is styling electric cars for a Chinese comp ...
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Bentley hires Nissan exec for Americas sales post
Bentley tapped a veteran automotive executive from Nissan, Mike Rocco, to become vice president of sales and operations -- a new post -- for the brand's Americas division. ...
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Finance chief Lohscheller to be Opel CEO after Neumann quits
GM's European division Opel is losing its CEO, Karl-Thomas Neumann, just as it prepares to be acquir ...
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McLaren names Melville design chief
McLaren has promoted former Land Rover and Cadillac executive Rob Melville to be its top designer. ...
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BMW Designworks chief Heilmer will head Mini design
BMW has picked Oliver Heilmer to head design at its Mini brand. Heilmer is currently president of BM ...
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Renault names new boss for India, Africa and Middle East
Renault named Fabrice Cambolive as head of the automaker's operations in Africa, the Middle East and ...
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Ford appoints Armstrong head of Europe operations
Ford named company veteran Steven Armstrong as head of its European operations. ...
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Toyota hires key U.S. marketing exec from VW
Toyota has named Volkswagen of America marketing executive Vinay Shahani its vice president of integ ...
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VW brand recruits Hyundai's Sengpiehl as global marketing chief
Volkswagen Group has recruited Hyundai's Jochen Sengpiehl to be global marketing director for its co ...
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Alfa's big bet on the Stelvio
Alfa Romeo is betting on the Stelvio and its fun-to-drive characteristics to boost the appeal of wha ...
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Opel moves Insignia upscale
Opel hopes a wide selection of advanced safety equipment in its new Insignia will move the model upm ...
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Softer Land Rover Discovery keeps its go-anywhere skills
Land Rover is determined to demonstrate that even though the fifth generation of the Discovery has b ...
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Honda counts on new Civic for boost in Europe
Honda's latest Civic benefited from the largest development program for a single model in the compan ...
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Mercedes makes E-class coupe more practical
Mercedes is repositioning its E-class coupe to offer more room and more functionality, promoting the ...
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Kia gives Rio better tech to challenge European rivals
Kia has added driver assistance systems not typical in small cars as well as upgraded connectivity i ...
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Mini maxes out with Countryman
The Mini Countryman has grown to become the BMW subsidiary's biggest model to date and now competes ...
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Nissan plots Micra's return to Europe's top 10
Nissan wants to re-establish the Micra subcompact as one of the 10 top-sellers in Europe's biggest a ...
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Hyundai gives i30 a tech boost
The Hyundai i30's success has been important in boosting the brand's European growth in the past 10 ...
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Toyota gets quirky with C-HR to 'turn heads'
Toyota is a latecomer to Europe's crossover segment with the new C-HR. ...
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