Automotive News

Finance & Insurance

Issues important to finance & insurance executives from the United States

Sep 20, 2023
As they did in June, Fed policymakers at the median still see the central bank's benchmark overnight interest rate peaking this year in the 5.50 percent to 5.75 percent range, just a quarter of a percentage point above the current range.
Sep 17, 2023
Modern retail delivers the ability to browse, research and then purchase online or in-store and it will only continue to gain in popularity. Online platforms won't negatively impact F&I revenue if products are introduced earlier in the sales process.
Sep 15, 2023
The Bank of Montreal is exiting the retail auto finance business, as it looks to redeploy resources to areas where its “competitive positioning is strongest.”
Sep 07, 2023
AutoNation, which acquired CIG Financial in late 2022, told independent dealer customers that it would no longer handle their financing. Instead, it will focus on franchised dealers and AutoNation USA stores.
Sep 03, 2023
Automotive News' third-quarter Finance and Insurance special section examines electric vehicle auto finance trends that dealership sales and F&I departments might see today or leverage in the future.
Aug 23, 2023
Energy Innovation, a nonpartisan energy and environmental policy firm, said leasing an EV reaps government incentives and fueling and maintenance savings.