Jim Henry

E-Mail: autonews@crain.com

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Recent articles
If dealers don't weigh in, they can't gripe
12:30 pm U.S. ET | March 25

Dealers have a chance right now to weigh in on what they like and don’t like about their lenders, and they shouldn’t miss the opportunity.



Dealer groups charge CFPB is unresponsive
12:00 pm U.S. ET | March 25
Dealer trade groups are asking members to seek help from their elected representatives to prod the Consumer Financial Protection Bureau into responding to a lender study ...


Lenders raise red flags over CFPB plan to publish consumer complaints
12:00 pm U.S. ET | March 25
Auto lenders are lining up to oppose the Consumer Financial Protection Bureau’s plan to publish consumer complaints with financial services providers on its website ...


Credit union pilot targeting subprime borrowers shows promise
12:30 pm U.S. ET | March 25
A small pilot program to encourage credit unions to do more subprime auto lending has helped participants gain some business but is still several steps away from providin ...


Size of average tax refund makes a decent down payment
11:45 am U.S. ET | March 18
For anybody keeping track -- which is to say, anybody interested in subprime auto lending – U.S. tax refunds have fallen a bit more behind than they were a few week ...


GM dealers: Warranty, maintenance cuts could help F&I, hurt service
11:00 am U.S. ET | March 18
General Motors' dealers don't seem especially disturbed by the automaker's decision to scale back its powertrain warranty and free maintenance visits on Buick, Chevrolet ...


Consistent F&I pricing key to compliance
11:00 am U.S. ET | March 18
As regulators scrutinize auto lending practices, companies in the F&I space have made compliance with state and federal rules a priority too. ...


Dealers, lenders still angling over laws governing F&I tactics
11:00 am U.S. ET | March 18
Dealers and auto lenders are keeping a close eye on various dealer-backed state laws that seek to restrict what automakers’ captive finance companies can do to indu ...


Stakes are high for Ally's new CEO
12:01 am U.S. ET | March 17
New Ally Financial CEO Jeffrey Brown must hit the ground running. Along with a sizable to-do list, he must deal with a shrinking share of business supported by incentives ...


Ally adds 7-year loans, as debate over risk heats up
12:01 am U.S. ET | March 11
The slow march toward 84-month loans is adding fuel to the debate over whether auto lending is getting too risky, possibly threatening the economy the way subprime mortga ...


GM Financial will double earnings by 2018, GM says
11:45 am U.S. ET | March 11
GM expects earnings from GM Financial “to more than double by 2018,” GM President Dan Ammann told investors this week. GM wants pretax earnings for GM Financi ...


Congressmen get testy with CFPB chief Cordray
11:45 am U.S. ET | March 11
The Consumer Financial Protection Bureau and its critics on the House Financial Services Committee traded jabs in a tense session last week as CFPB Director Richard Cordr ...


Exeter picks up the pace on approvals
12:01 am U.S. ET | March 11
Exeter Finance's new software platform, which accelerates decisions on customer credit applications and speeds sales transactions, is making it easier for dealerships to ...


Stakes are high for Ally's new CEO
12:01 am U.S. ET | March 9
New Ally Financial Inc. CEO Jeffrey Brown must hit the ground running. Along with a sizable to-do list, he must deal with a shrinking share of business supported by incen ...


Loan amounts, payments reach new highs
11:00 am U.S. ET | March 4
The average amount financed for a new vehicle reached a record $28,381 in the fourth quarter of 2014, Experian Automotive said today. That was an increase of $950, or 3. ...


The auto fallout from tax refund delays
11:45 am U.S. ET | March 4
Tax refund season is typically the high point of the year for subprime auto lenders, but so far the early tax refund statistics are down slightly from a year ago. ...


Millennials coming on stream in auto loans, leases
11:00 am U.S. ET | March 4
Millennials get a bum rap as being less interested in driving and cars -- and in auto finance -- than previous generations, TransUnion says in a new study. ...


GM tells Ally that GM Financial will get all of Chevy's subsidized leases
6:30 pm U.S. ET | Feb. 27 | UPDATED: 2/27/15 9:19 pm ET -- corrected
General Motors has notified Ally Financial that it will steer all of its lease subsidies for the Chevrolet brand to captive finance company GM Financial, instead of shari ...


Sonic is most-improved in Q4 F&I revenue
11:22 am U.S. ET | Feb. 25 | UPDATED: 3/2/15 10:19 am US ET - adds correction
Sonic Automotive Inc. posted the biggest increase in average F&I revenue per vehicle in the fourth quarter among the six public new-car retail groups, the tallies, comple ...


Consumer Portfolio gains volume; retraining continues after FTC action
10:57 am U.S. ET | Feb. 25
Subprime auto lender Consumer Portfolio Services reported strong volume growth in the fourth quarter and for all of 2014, despite a run-in with the Federal Trade Commissi ...


Lender groups want answers from the CFPB
12:15 pm U.S. ET | Feb. 25
A letter sent last week by the American Financial Services Association and other trade associations to Richard Cordray, director of the Consumer Financial Protection Bure ...


Reports of growing auto loan delinquencies are overblown, credit bureaus say
10:39 am U.S. ET | Feb. 25

Despite media notions that U.S. auto loan delinquencies are accelerating, they are in fact trending flat, credit reporting bureaus Equifax and Experian Automo ...



Auto originations advance 17%; 90-day delinquencies tick up in Q4, Fed says
11:00 am U.S. ET | Feb. 18
Auto originations rose a robust 17 percent in the fourth quarter, while accounts considered seriously delinquent ticked up slightly, according to the New York Federal Res ...


GM Financial-Chevy lease exclusivity seems likely
11:15 am U.S. ET | Feb. 18
There wasn't much doubt, but General Motors disclosed for the first time in an SEC filing that it is considering plans to throw all Chevrolet lease incentives to GM Finan ...


JM&A is in growth mode
11:00 am U.S. ET | Feb. 18
F&I product vendor JM&A Group sold a record 3.2 million contracts in 2014. That was up from 3 million contracts in 2013 and 2.5 million in 2012. ...


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