August 17, 2016 - Industry News
Asbury increased its F&I per-copy average 3% to $1,436 in the second quarter. But total F&I gross profit fell due to a 'Choppy' retail environment, officials said.
Tags: Asbury Automotive, F&I, new-vehicle sales, Quarterly Earnings, Second Quarter, used vehicles
August 2, 2016 - Industry News
During Ally Financial's second quarter earnings call, company officials said the finance source is moving downstream into the higher risk, higher yield credit tiers and focusing less on the low-risk superprime loans.
Tags: Ally, Quarterly Earnings, Second Quarter, Super Prime
July 28, 2016 - Industry News
Poor retail sales were offset by a 3.1% increase in total F&I gross profit and a 40.5% increase in revenue at Sonic Automotive's EchoPark locations. While declining oil prices have hurt the company's performance in the Houston market, officials are confident the group will recover.
Tags: EchoPark, F&I, Quarterly Earnings, Second Quarter, Sonic Automotive
July 26, 2016 - Industry News
Despite a competitive subprime auto finance environment, GM Financial continued gravitating toward a more prime-like credit profile during the second quarter.
Tags: GM Financial, Prime, Quarterly Earnings, Second Quarter, subprime
Wells Fargo reported second quarter auto originations of $8.3 billion, a 7% gain from the first quarter of the year and a 2% gain from the year prior. Bank officials, however, reported higher delinquencies and net charge-offs.
Tags: Auto Loans, Quarterly Earnings, Second Quarter, Wells Fargo
July 8, 2015 - Industry News
Used-vehicle values remained in line with expectations during the second quarter, according to Manheim.
Tags: Manheim, Manheim Used Vehicle Report, Second Quarter, used-vehicle values
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