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Consumer group wants set pricing for F&I products

A consumer advocacy group wants the Consumer Financial Protection Bureau and other agencies to regulate pricing of F&I products, such as extended service contracts, based in part on data that allegedly show dealerships have...

Delphi sees gold in over-air service

Delphi Automotive's newly named electronics business — Aptiv — has its eye on a completely new kind of supplier prize: service work.

Nonprime financing survey finds more risk, less profit

Higher risk and lower returns in subprime auto lending in 2016 set the stage for a continuing pullback in subprime volume in 2017, according to the 2017 Non-Prime Automotive Financing Survey.

LotLinx coming to Canada, targeting dealers in large cities

LotLinx, a Chicago-based digital marketing company that focuses on auto dealerships, is making a move into Canada starting this month. It expects to officially launch in Canada effective Dec. 1.

The next marketing challenge: Targeting

Targeting which consumers to pitch, via which media and with which message is the step in marketing, speakers at the Automotive News Marketing 360 conference said.

Think floorplan fraud is gone? Think again

Floorplan fraud, while becoming less common, according to experts, will probably never fully disappear.

Suppliers say Silicon Valley still has much to learn

Industry watchers think Silicon Valley tech companies will take over as Tier 1 systems suppliers. Big manufacturers respond: 'Good luck with that.'

Visteon argues for more centralized controls

Visteon's emerging technology in augmented reality head-up display first required customers to consider a different way of controlling vehicle features.

Incentive money shifts to low-interest loans, away from leases

Automakers and their captive finance companies are carefully steering incentive money to low-interest loans instead of cut-rate leases, analysts say.

Citizens Bank retreats on auto loans

Citizens Bank confirmed it has exited auto lending in 20 states outside the Northeast, Mid-Atlantic and Midwest this year to pursue a strategy of higher returns on auto loans instead of greater volume.

Think floorplan fraud is gone? Think again

Floorplan fraud, while becoming less common, according to experts, will probably never fully disappear.

Aftermarket parts makers, insurers make another run at automaker patents

OEMs and aftermarket crash parts makers resume their war in Washington over patent protection.

Subprime auto loans dip in Q2

Subprime auto originations declined in the second quarter, but delinquencies still rose as the market adjusts to recent growth in subprime originations, according to reports this week from the New York Federal Reserve and...

AI will change auto industry far beyond autonomous vehicles, panelists say

While artificial intelligence and connectivity will accelerate the development of autonomous vehicles, they will also bring efficiencies to dealerships, supply chain and office operations.

Auto loan demand softer, banks pickier, Fed says

Auto loan demand at banks has softened while approval standards have tightened a bit, according to the latest Senior Loan Officer Opinion Survey on Bank Lending Practices from the Federal Reserve.

Haartz prospers despite decline of convertibles

Haartz Corp. built its reputation producing fabric for soft-top convertible roofs. But interior applications such as fabric for door panels and headliners now account for most of the company's annual revenues.

Mercury Marine eyes return to autos

Mercury Racing, the high-performance division of boat-engine maker Mercury Marine, has set its sights on getting back into the auto-engine business.

Battery-powered Bollinger B1 SUV has long to-do list

Bollinger Motors unveiled what it described as a "working prototype" of the Bollinger B1, a boxy, battery-powered SUV aimed at on- and off-road use. It has a long to-do list to become reality.

Thinner new-car margins drag down Sonic Q2 earnings

Sonic's second-quarter net tumbled 47 percent on a 1 percent rise in revenue. The company blamed weak new-vehicle sales and thinning margins.

Ally Financial chased margin, not volume, in Q2

Ally Financial's results took a hit in the second quarter from several factors, starting with lower originations, as the lender continued its strategy to pass up volume in favor of higher margins.

GM Financial plans leasing cutback

GM Financial will dial back on leasing in the second half to reduce exposure to future losses on residual values, parent General Motors says.

Leasing vigilance helps Ford Credit's Q2 results

An absence of bad news on lease residuals helped Ford Credit boost financial results in the second quarter, parent Ford Motor Co. said.

Ficosa nurtures auto startups

The Spanish mirror supplier says a new initiative aimed at identifying promising companies "goes beyond venture capital."

Allan Eagles

Innovations, including an in-house auction and changes that sped trade-in reconditioning, paid off for Gault Auto Group

Joe Geosits

Fixed broken-down communications in the service and parts department