Podcast: Tricolor bankruptcy prompts calls for transparency, portfolio reviews
Investors are seeking more transparency following Tricolor’s Chapter 7 bankruptcy filing last month, which has also prompted several auto lenders ...
Tag: finance and insurance
Asbury Auto F&I revenue drops 5.4% in Q2
Asbury Automotive and Penske Automotive’s finance and insurance profits tumbled in the second quarter as sales were mixed and dealerships ...
Lithia captive originations up 30%
Lithia Motors’ captive finance arm, Driveway Finance, originated $731 million in loans during the second quarter as finance and insurance ...
AutoNation Finance originations skyrocket 134% in H1
AutoNation Finance’s originations jumped in the second quarter as credit performance improved, finance and insurance revenue grew, and vehicle sales ...
High-tech ancillary products drive F&I costs up 10%
Rising vehicle costs could prompt OEMs to scale back on high-tech add-on products in some models. Kevin Cullum, president of ...
Group 1, Sonic Auto F&I revenue, sales rise
Group 1 Automotive and Sonic Automotive reported upticks in finance and insurance revenue and sales during the first quarter. Group ...
General Motors Insurance on track to reach 20 states
GM Financial plans to expand General Motors Insurance to 20 states by yearend. Ahead of his retirement next month, GM ...
Carvana shares dip while originations soar 53.3%
Shares of Carvana fell by nearly 17% this morning following the retailer and lender’s latest earnings, which saw an increase ...
