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Archives for: July 31st, 2019

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…

Written by ricky on July 31, 2019

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…

Written by ricky on July 31, 2019

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…

Written by ricky on July 31, 2019

Santander expands business with FCA

The lender also replaced its CFO and its head of Chrysler Capital and auto relationships.

Written by ricky on July 29, 2019

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…

Written by ricky on July 26, 2019

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…

Written by ricky on July 25, 2019

Pat Ryan, father of F&I, inducted into Automotive Hall of Fame

Ryan was recognized for creating the first finance and insurance deapartment.

Written by ricky on July 24, 2019

2019 Automotive Hall of Fame inductee: Pat Ryan

Created the dealership finance and insurance department.

Written by ricky on July 21, 2019

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.

Written by ricky on July 18, 2019

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…

Written by ricky on July 17, 2019

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