Experian’s Q2 auto finance report shows stability in loan amounts, monthly payments and delinquencies, belying a fight for auto finance market share that banks are now winning. +
Automotive News’s latest quarterly report shows Sonic Automotive leading the “Big 6” publicly traded dealership groups with an average of $2,718 in F&I gross profit per vehicle. +
Attorney Jim Ganther answers a dealer’s seemingly straightforward question: Is it legally permissible to pencil F&I products into payment quotes?
The California New Car Dealers Association is suing to prevent further collections of deposits for the upcoming Afeela 1 EV, which the factory plans to sell directly to consumers. +
A 31% jump in EV lease penetration helped drive front-end gross on new lease deals into negative territory for the first time since 2020, according to the latest StoneEagleDATA report. +
Volvo Car Financial Services now offers auto, home and personal insurance coverage through Volvo Car Insurance Services, a new, independent insurance agency. +
The latest benchmark report from StoneEagleDATA finds U.S. dealers enjoyed a 10% increase in F&I income in July as deal count volume rebounded from a relatively slow June. +
Subprime reports Ally Financial earned the highest overall ranking among finance sources for the fifth straight time in J.D. Power’s annual U.S. Dealer Financing Study report. +
A unanimous state supreme court decision finds NJ CAR lacks standing to sue Ford Motor Co. for alleged violations of New Jersey franchise laws relating to the Lincoln Commitment program. +
Mark Janbakhsh faces a maximum sentence of 30 years in federal prison after being convicted in a bank fraud conspiracy involving his brother, inflated inventory and unearned lines of credit. +
