Finance & Insurance
An auto dealership finance manager’s “belief system” heavily contributes to their finance and insurance performance, according to Jeremiah Shelton, vice president of training and development for F&I product provider EasyCare.
Finance managers preserved gains in average F&I gross profit per vehicle made during the COVID-19 pandemic and inventory shortage, StoneEagle data shows.
Auto loan fraud continues to grow to record levels, a new study shows.
Momentum appears to be growing for states to handle vehicle titling and liens electronically, a capability that has the potential to smooth transactions for dealerships.
Car buyers are struggling with outside economic factors while affordability challenges persist within the car market.
President Donald Trump’s firing of two commissioners at the Federal Trade Commission puts the U.S. consumer protection in uncharted waters, its actions are in legal limbo until courts clarify the status of the fired commissioners, experts said.
The federal funds rate target range will remain 4.25 to 4.5 percent.
A Connecticut dealership was sued by a customer who said the store should have covered warranty repair work instead of pushing that off to a service contract administrator.
Some car buyers use the length of their loan to manage their monthly payments.
The CEO of now-defunct Honor Finance, an Evanston, Ill.-based subprime auto lending company, was sentenced to four years in prison in connection with a bank fraud scheme.
