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Prices for small used cars are climbing to unexpected levels- a sign that demand is growing as price-sensitive consumers face dwindling options in the new-car market.
Those looking to whittle down monthly car payments could see F&I products as burdens, but investing in those products could be the key to avoiding a truly unmanageable cost later.
Dealer concern about rising interest rates has sharply increased, Cox Automotive survey finds.
Digitalization of the F&I process is inevitable, but which tools will be uniform across the automotive retail terrain is less certain.
For dealership fintech companies to be successful in a space where many entrepreneurs have failed, a Silicon Valley mindset combined with traditional auto retail expertise could be a winning combination.
Rising interest rates and stretched vehicle inventory could keep vehicle sales from growing in the coming months, a Cox Automotive survey finds.
More than a decade ago, on the precipice of an epochal shift in the automotive finance sector, Ally Financial was born. The lender sees technology as part of its DNA.
The Bureau of Consumer Financial Protection's database of consumer complaints could vanish from public view. Could shielding consumer gripes from the public benefit the auto finance marketplace? Depends on whom you ask.
The gap between new- and used-vehicle loan payments continued to widen in the first quarter, even as lease returns lift overall used-vehicle loan amounts, according to Experian's latest report.
Fiat Chrysler Automobiles could establish its own captive finance arm for the first time in nearly a decade, the automaker said Friday. It could be formed from scratch or through an acquisition.
The average loan amount and monthly payment for new vehicles reached record highs in the first quarter. The percentage of new-vehicle subprime loan originations dropped, while prime origination share reached a six-year high.
The difference in consumer credit scores among the three credit bureaus is between 40 and 50 points on average, according to 700Credit.
As research reveals more ways that small pieces of information can increase a borrower's creditworthiness, what the industry considers relevant compared with what's "alternative" may change.
With a signature from President Donald Trump last week, the Bureau of Consumer Financial Protection's auto lending guidance was officially repealed, but two lenders remain bound by consent orders formed on the basis of that...
PointPredictive is rolling out products to help lenders catch fake identities and learn from the fraud experiences of their peers.
Toyota Motor Credit has raised its dealer reserve cap after satisfying terms of a 2016 consent order set by the Bureau of Consumer Financial Protection and the Department of Justice that required the lender to pay a hefty...
How can auto lenders and dealers explain the ins and outs of vehicle financing to younger buyers? Meet them where they are.
JM Family Enterprises has renamed its vehicle finance business Southeast Toyota Finance, dropping the World Omni title as part of a rebranding initiative leading up to JM Family's 50th anniversary.
Honcker will let dealers and customers view competitive monthly payment data through its platform. Executives say it will give its dealership clients an edge, but dealers have mixed feelings.
All six public new-vehicle dealership groups improved average F&I gross profit per unit in the first quarter, driven primarily by F&I training and an increase in product sales.
Although political affiliation plays a role in a state attorney general's likelihood of pursuing auto retail compliance cases, other factors can also have an effect.
Most online car shoppers expect the information on the website to match exactly what is offered in-store. Dealers should deliver.
Auto loan delinquency rates rose slightly in the first quarter, according to TransUnion, but the pace of growth slowed significantly from the past two years.
The House, in a victory for dealers, passed a measure that would scrap an Obama-era regulation aimed at limiting dealerships' retail margins on auto loans, which the Consumer Financial Protection Bureau said may have led to...
Used-vehicle origination volume reached a record high for Ally Financial in the first quarter, signaling continued used-vehicle market opportunities for the lender as new-vehicle sales flatten.
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