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Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
GM Finishes Year Strong

General Motors Co. posted a $2 billion net profit in the fourth quarter finishing the year strong despite supply chain struggles, record prices and other...

https://www.fi-magazine.com/369943/gm-finishes-year-strong
Categories: Auto Finance, F&I, Product & Technology
Online Automotive Retailing Takes a Major Step Forward with AutoFi’s Lending as a Service

New business division offers enterprise customers a more flexible finance solution for vehicle purchase.

https://www.fi-magazine.com/363929/online-automotive-retailing-takes-a-major-step-forward-with-autofis-lending-as-a
Categories: Auto Finance, Dealer Ops, F&I, Product & Technology
Auto Delinquency Soars in Q1

S&P Global Mobility reports auto loan delinquency exceeded recession-era highs in the first quarter.

https://www.fi-magazine.com/371170/auto-delinquency-soars-in-q1
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
New Vehicle Sales Plummet to Record Lows in 2022

Sales of new automobiles plunged to under 14 million vehicles in 2022, the lowest since 2011, reports Kelley Blue Book.

https://www.fi-magazine.com/369712/new-vehicle-sales-plummet-to-record-lows-in-2022
Categories: Auto Finance, Dealer Ops
Used-Vehicle Retention Shows First Decline Since May

Black Book’s Used Vehicle Retention Index ticked downward for the second time in December, but seasonal declines weren’t enough to derail the key metric’s...

https://www.fi-magazine.com/355421/used-vehicle-retention-shows-first-decline-since-may
Categories: Auto Finance, Dealer Ops, F&I
Vehicle Leasing Soars at Credit Unions in October: CULA Posts Record Month

Leader in indirect vehicle leasing for credit unions processed more leases in October than in any other month in its history.

https://www.fi-magazine.com/363437/vehicle-leasing-soars-at-credit-unions-in-october-cula-posts-record-month
Categories: Auto Finance, Dealer Ops, Industry, Showroom
Latest Haig Report Tracks Trends in Auto Retail and Impact on Dealership Values

Highlights include a significant spike in dealership profits and skyrocketing demand from dealership groups that want to acquire more stores.

https://www.fi-magazine.com/366454/latest-haig-report-tracks-trends-in-auto-retail-and-impact-on-dealership-values
Categories: Auto Finance, Dealer Ops, Industry
Tightened Inventory and Fewer Buyers Pose Risk to Auto Industry

Automakers blame tightened inventories for double-digit sales declines, but warn higher interest rates, gas prices and rising inflation will push buyers out...

https://www.fi-magazine.com/368616/tightened-inventory-and-fewer-buyers-pose-risk-to-auto-industry
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
Black Book Used Vehicle Retention Index Increases 3.0 Points in August

The August index hit a new all-time high, now the highest it’s been since May 2014.

https://www.fi-magazine.com/362783/black-book-used-vehicle-retention-index-increases-3-0-points-in-august
Categories: Auto Finance, Dealer Ops, F&I, Industry
Digital Adoption In an Uncertain World: How Auto Lenders Can Evolve Collections for a Better Customer Experience

Borrowers and lenders alike are wondering who has the capacity to pay and how resilient is this capacity? Institutions that make the most of insight,...

https://www.fi-magazine.com/362652/digital-adoption-in-an-uncertain-world-how-auto-lenders-can-evolve-collections-f


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