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Categories: Auto Finance, Dealer Ops, F&I, Industry, Sales
Serious Delinquencies Normalizing to Pre-Pandemic Levels as Many Lenders Make Concerted Effort to Expand Access to Credit

Q2 2022 TransUnion Credit Industry Insights Report explores latest credit trends.

http://www.providers-administrators.com/368603/serious-delinquencies-normalizing-to-pre-pandemic-levels-as-many-lenders-make-co
Categories: Auto Finance, Dealer Ops, F&I
Longtime Wells Fargo Dealer Services Exec Joins CRB Auto

Bill Katafias, a longtime retail credit executive for Wells Fargo Dealer Services, has joined CRB Auto as its new CEO. He succeeds Scott Raymer, who...

https://www.fi-magazine.com/323146/longtime-wells-fargo-dealer-services-exec-joins-crb-auto
Categories: Auto Finance, Dealer Ops, F&I
CUDL: Subprime Pullback Opens Door for Credit Unions

With banks retreating from all risk tiers, an executive with CU Direct Lending said the auto finance market is primed for credit unions to pick up more...

https://www.fi-magazine.com/323207/cudl-subprime-pullback-opens-door-for-credit-unions
Categories: Auto Finance, Dealer Ops, F&I, Industry, Showroom
Improved Inventories Boost December Sales

Dealer profits still high, though fewer units marked above MSRP.

http://www.providers-administrators.com/369713/improved-inventories-boost-december-sales
Categories: Auto Finance, Compliance, Dealer Ops, F&I, Opinion
The CFPB’s Spirit Lives On

In the first of a series of F&I Think Tank webinars, attorney Eric Johnson offered a wake-up call to dealers and F&I professionals who thought the industry...

https://www.fi-magazine.com/311183/the-cfpbs-spirit-lives-on
Categories: Auto Finance, Dealer Ops, F&I, Fixed Ops, Industry, Sales, Showroom
New Data Shows Delinquencies Remain Low Amid Rising Average Vehicle Loan Amounts

Experian’s "State of the Automotive Finance Market: Q3 2021" report finds delinquencies remain lower than pre-pandemic levels.

http://www.providers-administrators.com/366566/new-data-shows-delinquencies-remain-low-amid-rising-average-vehicle-loan-amounts
Categories: Auto Finance, F&I, Industry
Auto Loans Easier to Come By

March credit loosening, though, came with compromises.

https://www.agent-entrepreneur.com/375801/auto-loans-easier-to-come-by-1
Categories: Auto Finance, F&I, Fixed Ops, Industry
Swapalease Releases Latest Figures on Lease Credit Approvals

Lease credit approvals reached 70.8% in February; Up slightly from 68% in January.

https://www.autodealertodaymagazine.com/364293/swapalease-releases-latest-figures-on-lease-credit-approvals
Categories: Auto Finance, Dealer Ops, F&I, Industry, Product & Technology
Car Loan Delinquencies Up

Report shows those 60 days or more overdue reached 10-year high.

http://www.providers-administrators.com/369365/car-loan-delinquencies-up
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training
J.D. Power Integrates Car Ratings Into NADAguides.com

NADAguides.com now features J.D. Power's quality, reliability and performance ratings, and reviews. The planned site enhancements occur just eight months...

https://www.fi-magazine.com/323881/j-d-power-integrates-car-ratings-into-nadaguides-com
Categories: Auto Finance, Dealer Ops, F&I
Huntington Bank Adds Auto Finance Veteran

The bank named Tom Wirth auto finance product and strategy director. The 25-year auto finance veteran will be tasked with helping the bank’s continued...

https://www.fi-magazine.com/322044/huntington-bank-adds-auto-finance-veteran
Categories: Auto Finance, Dealer Ops, Digital, F&I
Ask Joe Contest Deadline Extended

F&I and Showroom magazine announced today that the deadline to enter the Ask Joe contest, which will send five readers to Industry Summit 2015, has been...

https://www.fi-magazine.com/321832/ask-joe-contest-deadline-extended
Categories: Auto Finance, F&I, Fixed Ops
IAA Loan Payoff Enhanced with Lease Functionality

First portal in industry to offer lease payoff capability.

https://www.autodealertodaymagazine.com/365477/iaa-loan-payoff-enhanced-with-lease-functionality
Categories: Auto Finance, Compliance, Dealer Ops, F&I
F&I Pacesetters: Bob Moore Cadillac of Edmond

The Edmond, Okla., Cadillac dealership is one of two Cadillac stores in the Bob Moore Auto Group, a 14-rooftop dealer group founded by Robert W. Moore.

https://www.fi-magazine.com/311079/fi-pacesetters-bob-moore-cadillac-of-edmond
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Auto Lands at No. 2 on N.Y. Attorney General’s Complaint List

The regulator who has championed New York’s crackdown on payment packing released his office’s Top 10 list of complaints received in 2017. Auto was 1,965...

https://www.autodealertodaymagazine.com/323764/auto-lands-at-no-2-on-n-y-attorney-generals-complaint-list
Categories: Auto Finance, Compliance, Dealer Ops, F&I
Wells Fargo Faces $1 Billion Fine for Mortgage and Auto Insurance Issues

Wells Fargo’s first-quarter earnings call was staged amid a string of regulatory concerns, declining auto originations, and the sale of a Puerto Rican...

https://www.fi-magazine.com/323869/wells-fargo-faces-1-billion-fine-for-mortgage-and-auto-insurance-issues
Categories: Auto Finance, Dealer Ops, F&I, Industry
Record Growth Prompts USEA to Expand HQ

US Equity Advantage has expanded its Orlando headquarters by 40% to accommodate a growing workforce.

http://www.providers-administrators.com/357587/record-growth-prompts-usea-to-expand-hq
Categories: Auto Finance, Dealer Ops, F&I
Wise F&I Rolls Out Pre-Owned VSC

WiseMVP offers three levels of coverage for vehicles up to 20 years in age and with up to 200,000 miles on the odometer. The new offering includes towing,...

https://www.fi-magazine.com/323122/wise-fi-rolls-out-pre-owned-vsc
Categories: Auto Finance, F&I, Fixed Ops, Industry
Recent Vintage Loans Perform Well Even as More Non-Prime Consumers Secured Credit in Second Half of 2021

With consumer credit performance maintaining healthy levels across auto, credit card, personal loans and mortgages, lenders continued to ramp up new account...

https://www.autodealertodaymagazine.com/367091/recent-vintage-loans-perform-well-even-as-more-non-prime-consumers-secured-credi
Categories: Auto Finance, Dealer Ops, F&I, Industry, Product & Technology
Car Loan Delinquencies Up

Report shows those 60 days or more overdue reached 10-year high.

https://www.fi-magazine.com/369365/car-loan-delinquencies-up
Categories: Auto Finance, Dealer Ops, F&I, Industry
Younger  Borrowers Falling Behind in Car Payments

Jerry research reveals their delinquency rates rival those of the financial crisis of 2008 and 2009.

https://www.fi-magazine.com/371398/younger-borrowers-falling-behind-in-car-payments
Categories: Auto Finance, Dealer Ops, F&I
Ally Announces Sweeping Leadership Changes

Ally Financial announced a number of promotions and the departure of former President of Auto Finance Tim Russi.

https://www.fi-magazine.com/323875/ally-announces-sweeping-leadership-changes
Categories: Auto Finance, Compliance, Dealer Ops, F&I, Showroom, Training
Top F&I Trainers Headed to F&I Think Tank

Celebrated F&I trainers Luis Garcia, Gerry Gould and Rick McCormick will join forces at F&I Think Tank to lead Shark Tank, a 20 Group-like session that will...

https://www.fi-magazine.com/322176/top-fi-trainers-headed-to-fi-think-tank
Categories: Auto Finance, Dealer Ops, F&I
PayLink Payment Plans Updates Look and Website

The company unveiled a new company and launched a refreshed website. The latter is designed to help facilitate access to information for all PayLink Direct...

https://www.fi-magazine.com/322329/paylink-payment-plans-updates-look-and-website
Categories: Auto Finance, Dealer Ops, F&I, Fixed Ops, Industry, Sales
Black Book: Weekly Market Update

Wholesale prices continued to gain momentum, with all segments reporting week-over-week increases last week.

https://www.agent-entrepreneur.com/366148/black-book-weekly-market-update-5
Categories: Auto Finance, Dealer Ops, F&I
CNA National Appoints New Senior Vice President of Customer Service

Trace Thaxton will be responsible for overseeing the company's claims, operations, and reinsurance departments. He previously served as the head of customer...

https://www.autodealertodaymagazine.com/323169/cna-national-appoints-new-senior-vice-president-of-customer-service
Categories: Auto Finance, Dealer Ops, Digital, F&I
AutoGravity Adds First Investors to Vehicle Financing Platform

AutoGravity is adding First Investors Financial Services’ indirect business onto the AutoGravity platform, the two companies announced this week.

https://www.autodealertodaymagazine.com/322856/autogravity-adds-first-investors-to-vehicle-financing-platform
Categories: Auto Finance, Compliance, Dealer Ops, Digital, F&I
Colorado's Jeff Carlson Elected NADA Chairman for 2016

The NADA’s board of directors has elected Jeff Carlson as its 2016 chairman. The Colorado dealer is currently serving as NADA vice chairman.

https://www.autodealertodaymagazine.com/321970/colorados-jeff-carlson-elected-nada-chairman-for-2016
Categories: Auto Finance, Compliance, Dealer Ops, Digital, F&I, Fixed Ops, Showroom, Training
StoneEagle Opens Dallas Golf Tournament Registration

Registration is now open for Golf for Heroes, a charity tournament benefiting Carry The Load that will be held in conjunction with Industry Summit.

https://www.autodealertodaymagazine.com/323314/stoneeagle-opens-dallas-golf-tournament-registration
Categories: Auto Finance, F&I, Fixed Ops, Industry, Sales
Swapalease Releases Fourth Quarter Lease Trends Report from 2020

Tesla and BMW continue to steal marketshare from high-end competitors.

http://www.providers-administrators.com/364109/swapalease-releases-fourth-quarter-lease-trends-report-from-2020
Categories: Auto Finance, Dealer Ops, F&I, Industry
Car Financing Costs Will Keep Rising This Year

Interest rates will continue climb, eating into inventory improvements’ effect.

https://www.fi-magazine.com/369839/car-financing-costs-will-keep-rising-this-year
Categories: Auto Finance, F&I, Fixed Ops, Product & Technology
SMART Payment Plan Helping Customers During COVID-19

SMART Payment Plan has responded to a new government program that allows customers with school loan payments to skip payments for 2 months.

http://www.providers-administrators.com/360523/smart-payment-plan-helping-customers-during-covid-19
Categories: Auto Finance, F&I, Fixed Ops, Industry
Latest Figures on Lease Credit Approvals Showing an Increase for July

Lease credit approvals reached 70.0% in July; Up from 67.6% in June.

https://www.agent-entrepreneur.com/365730/latest-figures-on-lease-credit-approvals-showing-an-increase-for-july
Categories: Auto Finance, Compliance, Dealer Ops, F&I
FTC Charges Arizona Group With Falsifying Incomes on Consumer Credit Apps

According to the regulator, this was the FTC’s first action alleging income falsification by dealerships. Charged are the owners of Tate’s Auto Group, which...

https://www.fi-magazine.com/351106/ftc-charges-arizona-group-with-falsifying-incomes-on-consumer-credit-apps
Categories: Auto Finance, Compliance, Digital, F&I
Cox Appoints Dealertrack’s Sundaram to New Post

Following its recent acquisition of Dealertrack, Cox Automotive has appointed Dealertrack’s former co-president, Raj Sundaram, as its chief client success...

https://www.fi-magazine.com/321953/cox-appoints-dealertracks-sundaram-to-new-post
Categories: Auto Finance, Dealer Ops, F&I, Industry, Sales
Serious Delinquencies Normalizing to Pre-Pandemic Levels as Many Lenders Make Concerted Effort to Expand Access to Credit

Q2 2022 TransUnion Credit Industry Insights Report explores latest credit trends.

https://www.agent-entrepreneur.com/368603/serious-delinquencies-normalizing-to-pre-pandemic-levels-as-many-lenders-make-co
Categories: Auto Finance, F&I, Fixed Ops, Product & Technology
April Auto Lease Payments Down Significantly for Many Luxury Car Brands

While most luxury car lease payments decrease monthly rates, select SUVs greatly increase rates.

https://www.agent-entrepreneur.com/364580/april-auto-lease-payments-down-significantly-for-many-luxury-car-brands
Categories: Auto Finance, Dealer Ops, F&I
Credit Unions Ramp Up Online Services in Step with Dealers’ Opportunities

Credit unions ramping up their abilities to serve their customers digitally is playing an ever-increasing role in satisfying auto-lead and auto-loan...

https://www.autodealertodaymagazine.com/364619/credit-unions-ramp-up-online-services-in-step-with-dealers-opportunities
Categories: Auto Finance, Dealer Ops, Digital, F&I, Showroom, Training
CDK Global Adds AutoFi, New Integrations to Fortellis Commerce Exchange

CDK Global announced on Tuesday that AutoFi has agreed to consume digital retailing APIs from the Fortellis Automotive Consumer Exchange Platform. Equifax,...

https://www.autodealertodaymagazine.com/351024/cdk-global-adds-autofi-new-integrations-to-fortellis-commerce-exchange
Categories: Auto Finance, Compliance, Dealer Ops, Digital, F&I, Showroom, Training
Industry Summit Panel to Examine Industry’s Digital Transformation

Industry Summit’s annual ‘From the Boardroom’ session will feature executives from F&I product providers and software firms, who will tackle the big...

https://www.autodealertodaymagazine.com/324070/industry-summit-panel-to-examine-industrys-digital-transformation
Categories: Auto Finance, Dealer Ops, F&I, Fixed Ops, Industry
Why Are Soft Pulls So Effective Today?

Soft pulls can strengthen consumer confidence and trust in making the right decision, and since they aren’t locked into anything, they can resume shopping...

https://www.autodealertodaymagazine.com/368942/why-arent-more-dealers-and-lenders-leveraging-credit-first-soft-pulls
Categories: Auto Finance, Dealer Ops, F&I, Showroom, Training
Kontos: Wholesale Prices Show Strength Again in April

Average wholesale used-vehicle prices reached $11,141 in April, a 2.2% increase from March and a 2.5% increase from a year ago, Tom Kontos reported. The...

https://www.fi-magazine.com/323166/kontos-wholesale-prices-show-strength-again-in-april
Categories: Auto Finance, Dealer Ops, Digital, F&I, Product & Technology
Dealertrack uniFI Completes Paperless Workflow With Digital Contracting

Dealertrack announced the integration of its proprietary electronic contracting solution with Dealertrack uniFI, promising a paperless lead-to-contract...

http://www.providers-administrators.com/359063/dealertrack-unifi-completes-paperless-workflow-with-digital-contracting
Categories: Auto Finance, Compliance, Dealer Ops, Digital, F&I, Showroom, Training
Top-Flight F&I Directors Join F&I Think Tank Roster

F&I Think Tank’s ‘The Director’s Chair’ will feature the F&I director for the magazine’s 2016 F&I Dealer of the Year in Tom Andrews, as well as former F&I...

https://www.fi-magazine.com/323348/top-flight-fi-directors-join-fi-think-tank-roster
Categories: Auto Finance, Compliance, F&I, Opinion
Confront the Growing Threat of Synthetic ID Fraud

Synthetic identity fraud is incredibly costly and difficult to detect. Expert explains why your dealership is at risk and why a multilayered defense works...

https://www.fi-magazine.com/359872/confront-the-growing-threat-of-synthetic-id-fraud
Categories: Auto Finance, Compliance, Dealer Ops, Digital, F&I, Showroom
Nomination Deadline for F&I Dealer of the Year Announced

F&I and Showroom is now accepting nominations for the 2015 F&I Dealer of the Year award. Nominations must be received by July 31, 2015.

https://www.autodealertodaymagazine.com/321773/nomination-deadline-for-fi-dealer-of-the-year-announced
Categories: Auto Finance, F&I
Beyond the  Résumé

F&I trainer explains why building and refining a professional skillset is more important than building a solid résumé.

https://www.fi-magazine.com/311007/beyond-the-resume
Categories: Auto Finance, Dealer Ops, F&I, Industry, Showroom
Fed Cuts Interest Rates Again, Stock Market Responds

Stock are on the rise following the second quarter-point reduction to the federal funds rate in less than two months. No further cuts are planned for this...

http://www.providers-administrators.com/358304/fed-cuts-interest-rate-again-stock-market-responds
Categories: Auto Finance, Digital, F&I
3 Elements of a Balanced Online F&I Strategy

Flooding your dealership’s website with F&I content without a strategy can be just as costly as underreacting to the Digital Age. The magazine’s resident...

https://www.fi-magazine.com/351205/3-elements-of-a-balanced-online-fi-strategy
Categories: Auto Finance, Compliance, Dealer Ops, F&I
F&I Dealer of the Year Nomination Period Extended to Aug. 24

Dealership employees, general agents, vendors, finance sources, and F&I product providers are encouraged to nominate their stores and dealer clients for F&I...

https://www.fi-magazine.com/351083/fi-dealer-of-the-year-nomination-period-extended-to-aug-24


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