Jim Henry

E-Mail: autonews@crain.com

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Recent articles
Volume hot, profits not, for GM Financial, Ford Credit
12:01 am U.S. ET | July 30
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 fin ...


Dahlheim named CEO of VW Credit
12:01 am U.S. ET | July 30
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 Au ...


BMW Group tops dealer finance satisfaction survey
12:01 am U.S. ET | July 30
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 F&I revenue per vehicle; Penske trails again
12:01 am U.S. ET | July 30
Group 1 Automotive's 120 U.S. dealerships had the highest average F&I revenue per vehicle retailed in the second quarter among the six publicly traded new-car groups. ...


Calif. ballot proposal misses cut for November vote
12:01 am U.S. ET | July 30
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
10:53 am U.S. ET | July 29 | UPDATED: 7/29/14 2:17 pm ET - new story
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 ...


Outstanding U.S. auto loans hit all-time high, Equifax says
1:58 pm U.S. ET | July 24
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, ...


F&I revenue growth slows in Q2 for some major dealership groups
12:01 am U.S. ET | July 23
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 F&I revenue per vehicle re ...


N.Y. Times story on subprime offers feds ammunition
12:01 am U.S. ET | July 23
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, ta ...


Some worry about F&I product regs, but not Jackson
12:01 am U.S. ET | July 23
AutoNation CEO Mike Jackson says that unlike some in the retail industry, he's not worried the Consumer Financial Protection Bureau could have plans to impose stricter mo ...


Capital One, Huntington target more prime loans
12:01 am U.S. ET | July 23
Capital One continues to push aggressively in auto loans while other big banks, such as Chase and Wells Fargo, have slowed auto loan growth amid accelerating competition, ...


Credit union backs off ads blasting dealer reserve
12:01 am U.S. ET | July 21 | UPDATED: 7/22/14 12:33 pm ET -- correction
A Florida credit union has backed off from an advertising and social medial campaign called “Expose the Truth,” which described dealer reserve as an unfair tr ...


Credit union scraps ad campaign slamming rate markup
12:01 am U.S. ET | July 16 | UPDATED: 7/17/14 5:09 pm ET - corrected
A Florida credit union is canceling an advertising and social media campaign that hit at a retail industry sore spot -- dealer reserve. ...


Credit union ads highlight misperceptions of dealer reserve
12:01 am U.S. ET | July 16
A Florida credit union's ad campaign beating up dealers and auto lenders for “rate markups” is hard to look at, but dealers and lenders should check it out to ...


Chase, Wells Fargo ease auto loan growth
12:01 am U.S. ET | July 16
Two of the biggest banks in auto lending are growing their loan business but at a slower pace. ...


CFPB scrutiny could force fixed F&I prices
12:01 am U.S. ET | July 16
The Consumer Financial Protection Bureau is sending signals it may be interested in scrutinizing the value of F&I products purchased by consumers, relative to the cost of ...


Dealer: Customers judge a service contract by its cover
12:01 am U.S. ET | July 14
For auto retailers, having factory-backed finance and insurance products to sell sometimes makes all the difference. ...


Why buy-here, pay-here is losing some turf
12:01 am U.S. ET | July 9
More consumers are passing up offers from buy-here, pay-here stores in favor of cheap financing by some franchised new-car dealerships, one giant used-car retailer says. ...


Chrysler Group's lease rate rises; Dodge Double-Up builds traffic
12:01 am U.S. ET | July 9
Chrysler Group's lease penetration rose sharply in June, the company said, as the innovative Dodge Double-Up short-term lease program passed its halfway point. ...


Dealers are responding well to flat fees, BMO Harris says
12:01 am U.S. ET | July 9
BMO Harris Bank in Chicago says its ties with dealers haven’t suffered since it switched from dealer reserve to a flat fee to compensate dealerships for arranging a ...


Car loans are riskier, but problems aren't rising, regulator reports
12:01 am U.S. ET | July 9
The Office of the Comptroller of Currency fretted in a recent report that hotter competition is driving auto lenders to accept more risk in terms of lower approval standa ...


Loan application blasts could be a blow to dealers
12:01 am U.S. ET | July 9
Technology makes it easy for finance and insurance managers to blast credit applications across a wide spectrum of lenders, called shotgunning, rather than matching the r ...


Don't do much leasing? Better bone up
12:01 am U.S. ET | July 2
Leasing's not just for luxury brands anymore. It's spreading to mass-market brands too, experts say. ...


Dealer-backed laws limit captives' power to compel sales of branded F&I products
12:01 am U.S. ET | July 2
Several states have adopted laws that limit the power of automakers' captive finance companies and preferred lenders to compel dealerships to sell F&I products backed by ...


Courting F&I business: A primer for lenders
12:01 am U.S. ET | July 2
What do F&I managers really want from auto lenders? Availability, for one thing, says F&I veteran Sarah Richard Denton. ...


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