Tracking the Subprime Retreat Click to view online.

Automotive Fleet Thursday
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Jul 20, 2017
<p>Wells Fargo President and CEO Timothy Sloan</p> Credit Tightening at Wells Fargo to Continue Into 2018

With second quarter originations plunging 45% from a year ago on tightening underwriting standards, bank execs said they expect originations to continue falling for the rest of the year before stabilizing in the first half of 2018.



Tracking the Subprime Retreat

Finance sources responded to the recent uptick in delinquencies by moving upstream in the first quarter, pushing subprime lending to a 10-year low.


Automotive Assurance Group Now Part of Amtrust Financial Services Group

The F&I agency has represented Warranty Solution, an AmTrust company, for more than 14 years. Now it can offer its dealer clients the resources of AmTrust programs as well as access to other F&I product providers the firm represents.



Porsche Takes Top Spot in OEM Website Rankings

The latest edition of J.D. Power’s semiannual cross-device website evaluation study ranks manufacturer sites in terms of information and content, appearance, speed and navigation.


J.D. Power: June a ‘Relatively Average’ Month for Wholesale Prices

The 2.2% decline in wholesale prices of vehicles up to eight years in age was right in line with average losses recorded for the month over the past five years, J.D. Power Valuation Services reported this week. However, the firm’s Seasonally Adjusted Used Vehicle Price Index was significantly lower than a year ago.



FIDOY Nomination Period Extended to July 21

The magazine has extended the nomination period for its 2017 F&I Dealer of the Year contest to July 21. Dealership employees, general agents, vendors, finance sources, and F&I product providers are encouraged to nominate their stores and dealer clients.


5 Questions F&I Pros Must Answer Monthly

F&I trainer says your answers to five key questions will serve as a roadmap to an unreachable level of performance.


The CIT Fix

Operations expert offers a two-step fix for solving cash-flow issues related to contracts in transit. It includes process and technology recommendations, as well as penalties for violations.


Missed Calls, Missed Sales

Despite today’s digital drive, call volumes at dealerships continue to rise. Dealership tech expert breaks down the two biggest phone problems that drive customers away.


Kinks Will Be Kinks

Electronic processes won’t cure the ‘kinks’ who flout the rules and regulations governing F&I, but they will make their bad behavior easier to track.








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Jim Ziegler
President & CEO of Ziegler SuperSystems
On-the-Point
Sharpen Your Survival Skills

‘Da Man’ has a plan you can use to survive the collapse of the car business and remain profitable through the dealer apocalypse. Read or Respond

EDITORIAL CONTACTS
Gregory Arroyo
Executive Editor
(310) 533-2592
greg.arroyo@bobit.com
Eric Gandarilla
Assistant Editor
(310) 533-2588
eric.gandarilla@bobit.com