All 6 public dealership groups raise F&I profit per vehicle
F&I profits rose in the second quarter despite dwindling new-vehicle sales, which typically offer more profitable F&I…
Used vehicles provide big opportunities for lenders, TransUnion says
Shifting consumer demand, changes in vehicle supply and affordability concerns in the new-vehicle market are prompting lenders…
Ford Credit earnings improve on better auction, lease results
Ford Credit earned $831 million in the second quarter, up 29 percent year over year, reflecting better-than-expected…
Santander expands business with FCA
The lender also replaced its CFO and its head of Chrysler Capital and auto relationships.
New auto safety technology leaves insurers in the dark
Swiss Re, the world’s largest auto reinsurer, and mapping company HERE predict that advanced driver assistance systems could…
Predictive tools help guide credit unions through auto lending market
Incorporating artificial intelligence and predictive abilities into portfolio management tools signals an epochal shift in the kinds…
Pat Ryan, father of F&I, inducted into Automotive Hall of Fame
Ryan was recognized for creating the first finance and insurance deapartment.
2019 Automotive Hall of Fame inductee: Pat Ryan
Created the dealership finance and insurance department.
Ally’s auto originations inch up in Q2
Used-vehicle loan originations accounted for more than half of Ally’s auto originations for the sixth consecutive quarter.
In Canada, long-term financing is getting longer
Auto loan terms of 96 months are offsetting an ongoing decline in new-vehicle incentives, but there’s increased risk…
