FINANCE AND INSURANCE

Citizens cut back on auto lending last year and plans to reduce its auto loans further this year.

Revised California subscription service is similar to Volvo's program in New York: Customers can choose a vehicle from retailer stock and must secure their own insurance coverage.

The six stores owned by Swope Family of Dealerships are now holding monthly collaborative meetings with finance managers and F&I profits have been increasing.

Dealership software and services giant Reynolds and Reynolds snatched up American Guardian Warranty Services, provider of vehicle service contracts, limited warranties and other F&I products.