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Archives for: October 28th, 2020

Election outcome likely to impact auto finance landscape

Three factors will be pivotal in shaping the automotive industry’s trajectory, according to Cox Automotive Chief Economist…

Written by on October 28, 2020

Digital tools still require dealership support

Lithia Motors executives said last week that in-store F&I managers provide the best behind-the-scenes support for virtual…

Written by on October 28, 2020

Digital auto selling and lending has a weak spot: Fraud

Auto finance has been hit particularly hard with fraud spiking by 30 percent each week since March,…

Written by on October 28, 2020

Auto lending complaints rise amid COVID-19 pandemic, study says

A new study by U.S. Public Interest Research Group examines consumer complaints into the Consumer Financial Protection…

Written by on October 21, 2020

Major auto lenders claim further stimulus could preserve portfolio performance

All three major auto lenders that reported earnings last week signaled concern that without further government stimulus,…

Written by on October 21, 2020

Subaru renews captivelike partnership with Chase Auto

Chase Auto has powered Subaru’s financing arm for 19 years, making it the lender’s oldest exclusive automaker…

Written by on October 21, 2020

Ally profit surges behind wave of auto originations

The Detroit lender’s third-quarter net income nearly doubled from the second quarter largely thanks to its highest…

Written by on October 16, 2020

Adoption of digital F&I depends on dealership encouragement, study finds

Customer adoption of digital tools is contingent on what a dealership offers and also on how they…

Written by on October 14, 2020

Additional stimulus needed to endure coronavirus-induced downturn

Without additional stimulus, the positive credit metrics seen amid the pandemic protections period could end. And without…

Written by on October 14, 2020

Vehicle finance conference to go virtual in 2021

The decision mirrors that of the National Automobile Dealers Association, which said this week that its annual…

Written by on October 14, 2020

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