Automotive News Finance and Insurance Feed http://www.autonews.com News, blogs and commentary from the leader in North American automotive news en-us Thu, 31 Jul 2014 06:00:00 EST Volume hot, profits not, for GM Financial, Ford Credit http://www.autonews.com/article/20140730/FINANCE_AND_INSURANCE/140729838/volume-hot-profits-not-for-gm-financial-ford-credit Wed, 30 Jul 2014 00:01:00 EST North American auto loan and lease originations combined rose in the second quarter from the year-earlier period for both Ford Motor Co.'s and General Motors' captive finance companies. Dahlheim named CEO of VW Credit http://www.autonews.com/article/20140730/FINANCE_AND_INSURANCE/307309996/dahlheim-named-ceo-of-vw-credit Wed, 30 Jul 2014 00:01:00 EST VW Credit named CFO Christian Dahlheim CEO of the captive finance company today, succeeding Andrew Stuart, who left the company to become CEO of U.S. operations for TD Auto Finance. BMW Group tops dealer finance satisfaction survey http://www.autonews.com/article/20140730/FINANCE_AND_INSURANCE/307309997/bmw-group-tops-dealer-finance-satisfaction-survey Wed, 30 Jul 2014 00:01:00 EST BMW Group Financial Services dominated nearly every category of J.D. Power's 2014 U.S. Dealer Financing Satisfaction Study released this week. Group 1 leads peers in FandI revenue per vehicle; Penske trails again http://www.autonews.com/article/20140730/FINANCE_AND_INSURANCE/307309930/group-1-leads-peers-in-fi-revenue-per-vehicle-penske-trails-again Wed, 30 Jul 2014 00:01:00 EST Group 1 Automotive's 120 U.S. dealerships had the highest average FandI revenue per vehicle retailed in the second quarter among the six publicly traded new-car groups. Calif. ballot proposal misses cut for November vote http://www.autonews.com/article/20140730/BLOG13/140729837/calif-ballot-proposal-misses-cut-for-november-vote Wed, 30 Jul 2014 00:01:00 EST A California consumer advocacy group's ballot initiative that would have outlawed dealer reserve in the state won't make it on the November ballot this year. Near-record auto lending drives Ally Q2 profit higher http://www.autonews.com/article/20140729/FINANCE_AND_INSURANCE/140729843/near-record-auto-lending-drives-ally-q2-profit-higher Tue, 29 Jul 2014 10:53:51 EST Ally Financial originated near-record auto lending volume and added more than 900 dealerships in the United States since a year ago to produce a comeback in net income in the second quarter. Outstanding U.S. auto loans hit all-time high, Equifax says http://www.autonews.com/article/20140724/RETAIL/140729922/outstanding-u-s-auto-loans-hit-all-time-high-equifax-says Thu, 24 Jul 2014 13:58:25 EST Total outstanding auto loans in the United States hit an all-time high of $902 billion this spring, an increase of more than 10 percent from the same time a year earlier, according to the latest Equifax National Consumer Credit Trends Report. FandI revenue growth slows in Q2 for some major dealership groups http://www.autonews.com/article/20140723/FINANCE_AND_INSURANCE/307239997/fi-revenue-growth-slows-in-q2-for-some-major-dealership-groups Wed, 23 Jul 2014 00:01:00 EST Of the four publicly traded new-car dealership groups that have reported second-quarter results, only one has posted a higher rate of growth in FandI revenue per vehicle retailed than it did a year ago. N.Y. Times story on subprime offers feds ammunition http://www.autonews.com/article/20140723/BLOG13/307239995/n-y-times-story-on-subprime-offers-feds-ammunition Wed, 23 Jul 2014 00:01:00 EST A withering account of subprime auto lending in Sunday's New York Times reinforces bad stereotypes about used-car dealers, smears subprime lenders and their investors, takes out of context an increase in delinquencies and loan losses from record... Smarter consumers, fewer defaults http://www.autonews.com/article/20140723/VIDEO/307239949/smarter-consumers-fewer-defaults Wed, 23 Jul 2014 00:01:00 EST The National Association of Minority Automobile Dealers and Ally Financial are partnering to promote financial literacy in stores. The program was unveiled at NAMAD's annual conference on July 9 in Miami.