Fiat Chrysler Automobiles | Auto Finance News | Page 5 | Auto Finance News - Part 5

FCA, First Bankcard Launch Credit Card

Fiat Chrysler Automobiles has partnered with First Bankcard to launch a credit card program for small business customers that can also be used for vehicle down payments, the companies announced last week. Small business owners will earn reward points by using the card for any FCA U.S. dealership purchases or for business expenses — such as […]
  • Auto Finance News
  • March 1, 2016
  • Strategy

AFN’s Top 10 Tech Stories of 2015

New startup companies emerged in the auto finance industry over the past year, while existing banks prioritized speed of funding and decisioning by beefing up their online origination platforms. Lenders of all shapes and sizes also continued to chase the millennial market throughout 2015 — a trend that should only increase in 2016 as the […]

The Going Gets Tough in Floorplan, Ally CFO Says

As tough as competition is in prime-risk loans and leases, Ally Financial Inc. is feeling the toughest competition in floorplan loans to dealers, CFO Chris Halmy said. “I wouldn’t say the competition from our perspective has picked up in any meaningful way on the origination front,” he said in a conference call last week. “If […]

The F&I Office is Going Extinct, Fiat Chrysler Exec Predicts

In five years, the dealership F&I office will no longer exist, at least not in the traditional sense, Peter Grady, vice president of network development for Fiat Chrysler Automobiles, told auto financiers in a session last week at CBA Live. The process in the finance office at a dealership takes too long, he said, and […]

Dealers Risk Customer Relations Over FCA Affordability Tests

E-commerce solutions provider iVendi is warning that car dealers could risk damaging long-term relationships with customers if they fail to handle the Financial Conduct Authority-mandated affordability test sensitively. The new FCA regulation is likely to require more detailed information about customers’ personal finances than existing motor finance applications. This has led to fears that the […]

Fiat Denies Takeover Talks Report

Fiat S.p.A. is flat out denying a report and subsequent rumors that it has been in discussions with Volkswagen regarding a potential merger. Fiat released the statement this morning to quell reports and rumors set off by an exclusive report in the German magazine “Manager-Magazin.”  That report said The Volkswagen Group was exploring the chances […]

Chrysler Sales Continue to Soar in June

Chrysler Group LLC continues its upward climb as sales of its brands rose for the 51st consecutive month, resulting in the automaker’s best June since 2007. Overall U.S. sales were up 9% in June, with Jeep, Dodge, Ram Truck, and Fiat brands each posting year-over-year sales gains in June compared with the same month a […]
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