Finance & Insurance

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.

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.

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.”

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.

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.

Energy Innovation, a nonpartisan energy and environmental policy firm, said leasing an EV reaps government incentives and fueling and maintenance savings.