| F&I eWeekly | Jul 27, 2010 |
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| Latest News |
California New-Car Sales Up 23 Percent in First Half
The California New Car Dealers Association (CNCDA) announced that registrations of new cars and light trucks in California continue to outpace national numbers. Read Full Story
The California New Car Dealers Association (CNCDA) announced that registrations of new cars and light trucks in California continue to outpace national numbers. Read Full Story
July New-Vehicle Sales Expected to Rebound From June
After weaker sales in May and June, new-vehicle retail sales are expected to bounce back in July as a result of a combination of positive factors, according to J.D. Power and Associates. Read Full Story
After weaker sales in May and June, new-vehicle retail sales are expected to bounce back in July as a result of a combination of positive factors, according to J.D. Power and Associates. Read Full Story
Loan Losses Improve for Nation's Largest Banks
Further evidence that losses from failed loans may have peaked in the first half of 2010 was revealed as the nation’s largest banks issued their second-quarter report cards. Read Full Story
Further evidence that losses from failed loans may have peaked in the first half of 2010 was revealed as the nation’s largest banks issued their second-quarter report cards. Read Full Story
Ford and Captive Finance Unit Report 2Q Profits
Ford Motor Company and Ford Motor Credit both reported second-quarter profits last week, improving on the results from the year-ago period. Read Full Story
Ford Motor Company and Ford Motor Credit both reported second-quarter profits last week, improving on the results from the year-ago period. Read Full Story
NADA: Financial Reform Law
Keeps Auto Financing Affordable and Accessible
With President Obama’s signature, the most significant overhaul of the nation’s financial system is now law and with it, consumers will still be able to find competitive financing options at auto dealerships. Read Full Story
Keeps Auto Financing Affordable and Accessible
With President Obama’s signature, the most significant overhaul of the nation’s financial system is now law and with it, consumers will still be able to find competitive financing options at auto dealerships. Read Full Story
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AUL Names Jimmy Atkinson as Chief Operating Officer
AUL Corp., a provider of used-vehicle service contracts, appointed Jimmy Atkinson as chief operating officer and senior vice president. Read Full Story
AUL Corp., a provider of used-vehicle service contracts, appointed Jimmy Atkinson as chief operating officer and senior vice president. Read Full Story
Virginia Surety and Interstate National Forge Partnership
Virginia Surety Company Inc. (VSC), a wholly-owned subsidiary of The Warranty Group Inc., has partnered with Interstate National Dealer Services Inc. to provide underwriting and actuarial support for specific extended service contract programs. Read Full Story
Virginia Surety Company Inc. (VSC), a wholly-owned subsidiary of The Warranty Group Inc., has partnered with Interstate National Dealer Services Inc. to provide underwriting and actuarial support for specific extended service contract programs. Read Full Story
RouteOne Makes Changes to Executive Management Team
RouteOne announced its replacement for departing Chief Information Officer Joel Gruber, who is leaving the company at the end of July to pursue a new career opportunity. Read Full Story
RouteOne announced its replacement for departing Chief Information Officer Joel Gruber, who is leaving the company at the end of July to pursue a new career opportunity. Read Full Story
| Special Finance |
Subprime Pool Expands as FICO Scores Drop
Fair Isaac Corp.’s latest figures indicate that more than 43.4 million Americans now have a FICO score of 599 or less. That's more than one-quarter of all U.S. consumers and an increase of 2.4 million since 2008. Read Full Story
Fair Isaac Corp.’s latest figures indicate that more than 43.4 million Americans now have a FICO score of 599 or less. That's more than one-quarter of all U.S. consumers and an increase of 2.4 million since 2008. Read Full Story
GM to Acquire AmeriCredit
To meet customer demand for leasing and non-prime financing for GM vehicles, General Motors and AmeriCredit Corp. announced July 22 that they entered into a definitive agreement for GM to acquire the subprime auto finance company in an all-cash transaction valued at approximately $3.5 billion. Read Full Story
To meet customer demand for leasing and non-prime financing for GM vehicles, General Motors and AmeriCredit Corp. announced July 22 that they entered into a definitive agreement for GM to acquire the subprime auto finance company in an all-cash transaction valued at approximately $3.5 billion. Read Full Story
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If you would like to send us comments or questions regarding our e-news alert, magazine or the F&I industry, please e-mail Gregory Arroyo at gregory.arroyo@bobit.com.
Prepared by:Greg Arroyo
Executive Editor
310-533-2592
greg.arroyo@bobit.com
Justina Ly
Associate Editor
310-533-2496
justina.ly@bobit.com