Finance and Insurance

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 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 »

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 »

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 »

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 »

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 »

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

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

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

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

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 »

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 »

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-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 »

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 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 »

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 »

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 »

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 »

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 »

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 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 »

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 »

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 »

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 »