Automotive News

Finance & Insurance

Issues important to finance & insurance executives from the United States

Oct 16, 2020
The Detroit lender's third-quarter net income nearly doubled from the second quarter largely thanks to its highest auto loan and lease origination volume in five years.
Oct 14, 2020
Customer adoption of digital tools is contingent on what a dealership offers and also on how they promote those features, said Michelle Denogean, Roadster's chief marketing officer. This is the that Roadster, a digital retailing platform, released on the impacts of the coronavirus pandemic on auto retailing.
Oct 14, 2020
Without additional stimulus, the positive credit metrics seen amid the pandemic protections period could end. And without more clarity from Congress, major auto lenders will continue to brace for the worst-case scenario.
Oct 14, 2020
The decision mirrors that of the National Automobile Dealers Association, which said this week that its annual event would be held online. The American Financial Services Association's event typically is held in the days before the NADA Show.
Oct 14, 2020
Longer-term loans and some of the highest monthly payments could spell a rise in customers underwater on their loans, which could push customers out of the market for longer periods and have them in worse shape when they return.
Oct 12, 2020
As repossessions resumed this summer, auto lenders likely benefited from boosts in used-vehicle values. 
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