AutoNation clocks a 49.8% YoY increase in F&I revenue in Q2
Finance and insurance (F&I) revenue jumped again at AutoNation amid increased attachment rates as more consumers turn to voluntary protection...
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Citizens One Auto Finance takes $2M in recoveries as ACL coverage shrinks
Citizens One Auto Finance became the third lender in the last week to record positive recoveries on net charge-offs (NCO)...
Tanya Sanders succeeds Laura Schupbach as head of Wells Fargo Auto
Tanya Sanders, head of Wells Fargo Auto Wells Fargo & Co. announced today that Tanya Sanders...
Leadership lessons via Ted Lasso: Let’s believe
Ted Lasso is an unexpectedly fantastic leader. Ted makes his much-anticipated return on July 23 as season two kicks off...
Honda scraps go-it-alone strategy for safer shift toward EVs
Honda Motor Co. long eschewed big strategic alliances, preferring to go it alone even as many of its carmaking peers banded together...
Ally Financial posts positive recovery on NCOs, surging lease yields in Q2
Reserve releases and record used-vehicle values fueled a positive recovery rate on net charge-offs at Ally Financial and boosted lease...
Fair Credit Reporting Act: Policy check in – permissible purpose
It should come as no surprise that the Fair Credit Reporting Act (FCRA) includes the potential for hefty liability, both...
AutoNation CEO calls industry overproduction the ‘old model’
U.S. automakers won’t go back to bloated output and bulging dealer lots, even after the global semiconductor shortage ends, according...
Weekly Wrap: Q2 earnings season kicks off
Last week, second-quarter earnings season kicked off, with Bank of America, Chase Auto, PNC Financial, Truist Bank, U.S. Bank and...
