Finance & Insurance
Buick-GMC dealership, three others, indicted in Pa. for fraudulent loan schemeThu, 15, Sep 2016
A federal grand jury has indicted a western Pennsylvania dealership and three men accused of wire fraud stemming from submitting bogus loan applications.
A look at used-only stores' F&I practicesWed, 21, Sep 2016
Franchised dealerships' used-vehicle departments compete daily against independent retailers. So how do the independents do F&I? The National Independent Automobile Dealers Association provided some insights in its 2016 used-car industry report.
Shift Finance targets dealerships, private salesWed, 21, Sep 2016
Captive lender Shift Finance, and its parent, peer-to-peer used-car marketplace Shift Technologies Inc., have high ambitions.
Experts split over F&I sales on lease dealsWed, 21, Sep 2016
Are lease customers likely to purchase F&I products? Industry experts are divided.
Will prime buyers dent service plans?Wed, 21, Sep 2016
Consumers' trend toward used cars, especially certified pre-owned, could eventually slow the growth in sales of extended service contracts.
Ally Financial starts first unified brand campaignFri, 09, Sep 2016
Ally Financial, the financial services company once known as GMAC, is introducing a brand campaign using the theme "Do It Right."
Market share for subprime auto lending declined in Q2Tue, 06, Sep 2016
Subprime loan share is declining despite chatter around a subprime bubble, Experian said today in its second-quarter State of the Automotive Finance Market report. Subprime and deep subprime share of new and used loans and leases dropped to 22.8 percent in the second quarter, compared with 23.3 percent a year ago.
Falotico named Ford Credit CEOMon, 05, Sep 2016
A longtime Ford Credit executive is taking over as CEO.