F & I

Car ownership can improve job and earning potential, according to Open Lending study.

Dealerships are impacted not only by the FTC regulation but also by state consumer-protection laws.

The U.S. may be in or headed toward a recession, but analysts see auto loan originations growing, delinquencies stabilizing.

Leasing has declined in general in 2022, but EV leases seem to have taken a bigger hit than those of traditional powertrain vehicles. Experian says the EV leasing rate in the third quarter was 9.88%, compared with 18% of all vehicles.

Dealers increasingly rely on credit unions to snag low rates for buyers.

Dealerships struggle to hire qualified experts to guide their stores toward compliance that ensures customer privacy.

The pandemic has changed much in the auto industry, “and that is particularly true when it comes to fraud,” says eLend CEO Pete MacInnis.

The FTC on Nov. 15 extends the deadline to comply with its Safeguards Rule. Here’s expert advice on what dealers need to do to begin compliance and avoid stiff monetary penalties.

Industry-watchers expect an F&I dip as interest rates rise, but a crash is not imminent.

While traditional credit scores remain a strong indicator of creditworthiness, today’s consumers may be more complex.