Finance & Insurance
 

Ally's Q2 auto lending flat despite GM pullback

1:12 pm U.S. ET | July 28, 2015
Ally Financial's second-quarter auto lending originations declined just 1 percent from a year earlier to $10.8 billion, despite a sharp drop in lease originations for General Motors vehicles, the company said today.

Mixed results for minority dealer programs

12:01 am U.S. ET | July 20, 2015
As Ford's Kevin Cour and other automaker executives updated NAMAD on the state of their minority dealer programs, it became increasingly clear that those programs vary widely in their scope and effectiveness.

Lease or buy, treat ultraluxury customers differently

12:01 am U.S. ET | July 8, 2015
When it comes to financing a car, the rich truly are different. It is not a matter of cost; it is not what your monthly payment is.

Dealers confront GAP sold by major auto insurers

12:01 am U.S. ET | July 8, 2015
Major auto-insurance companies are offering GAP coverage.

Dealer helps high-rate customers refinance

12:01 am U.S. ET | July 1, 2015
Honolulu Ford President Mark Benson proactively tries to refinance customers with high-interest-rate car loans, including ones the dealership...

Equity-mining tools are gold mine for Honda store

12:01 am U.S. ET | June 24, 2015
When equity-mining software brings a sale and trade, the finance and insurance department is a big beneficiary.

Fraud leads to loss of pricey Porsche

12:01 am U.S. ET | June 24, 2015
When a scam artist wrote a bad check, a dealership lost a $102,000 Porsche.

LEASES UNLEASHED

As carmakers and dealers embrace leasing to boost sales, analysts mull finance option's limits

12:01 am U.S. ET | June 17, 2015
Leasing hit a record 26.7 percent of U.S. new-vehicle volume in the first quarter.

Dealership groups' hot F&I revenue: $7 billion

12:01 am U.S. ET | June 17, 2015
Finance and insurance revenue keeps jumping at U.S. auto dealerships.

N.Y. targets dealerships' sale of credit-repair, identity-theft products

12:01 am U.S. ET | June 17, 2015
Paragon Honda and its two sister stores have agreed to a $13.

Echopark stores' iPad strategy reaps F&I results

12:01 am U.S. ET | June 8, 2015
Sonic Automotive Inc.'s three new used-vehicle stores in the Denver area are getting strong F&I results.

New car, truck loans reach longest term on record

12:31 pm U.S. ET | June 1, 2015
The average length of loans for new and used vehicles in the U.S.

AUTOMECHANIKA CHICAGO TRADE SHOW

Repair shops strive to stay head of the pace

12:01 am U.S. ET | May 4, 2015
Insurance companies are increasingly savvy at reducing payments for repair work.

JESSE SNYDER

States' varying auto insurance rates play with the car-buying equation

12:01 am U.S. ET | April 27, 2015
Want $7,700 more to spend on a new car? Move from Michigan to Maine before you insure it.

Ally change saves dealers big money

12:01 am U.S. ET | April 20, 2015
The 4,200 dealerships that finance their vehicle inventory through Ally Financial are seeing savings from Ally's recent shift to peg interest rates...

RICHARD TRUETT

The new sticker shock: High costs to fix high-tech

12:01 am U.S. ET | April 6, 2015
We all know about showroom sticker shock. But here's another side of the affordability problem: the hefty repair costs for minor accidents.

Feds broaden crackdown on dealership fraud

11:00 am U.S. ET | April 1, 2015
The Federal Trade Commission is broadening its enforcement of car dealerships to crack down on deception and fraud in operations that go beyond...

LEGAL FILE

Fired Honda store F&I staffer wins new whistleblower trial

12:01 am U.S. ET | April 1, 2015
A former Honda dealership employee in Florida who was fired after notifying the store's corporate parent of suspected fraudulent F&I and warranty...

Why dealer's sold on one-price, one-person

12:01 am U.S. ET | April 1, 2015
The One Price, One Person sales model calls for a single sales employee handling a customer's entire vehicle transaction with no price haggling,...

Toyota Financial adds products, bolsters support

12:01 am U.S. ET | April 1, 2015
Toyota Financial Services is taking a more aggressive marketing stance this year to improve customer retention.

Ally touts dealership camaraderie in new ad campaign

2:44 pm U.S. ET | March 31, 2015
Ally Financial is touting the camaraderie it has with dealerships in a new ad campaign that puts an emphasis on storytelling.

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