E-NEWSLETTER

F&I sits down with the three executives who have taken the reigns of the combined dealer services groups of Wachovia and Wells Fargo. Hear what they have to say about the current market conditions and Wachovia officially taking on the stagecoach name.

Tags: FLOORPLAN FINANCING, Small Business Administration, subprime, Wachovia Dealer Services, WELLS FARGO

F&I and Showroom magazine announced today the formation of the F&I Advisory Board, a panel of industry executives, dealers and experts who will provide direction and insight related to the F&I Conference and Expo’s 2010 agenda

Tags: F&I Conference and Expo

General Motors announced last Friday that it intends to reinstate more than half of the dealers appealing the loss of their franchise agreements, a day after two U.S. Congressmen sent a strongly worded letter asking GM and Chrysler to stop awarding new franchises in areas where dealers are awaiting arbitration hearings.

Tags: Chrysler, General Motors

Carbiz Inc. has officially ceased operations, according to documents filed with the Securities and Exchange Commission. The news follows months of uncertainty for the buy-here, pay-here (BHPH) dealer group, which operated 25 stores in nine states.

Tags: Carbiz Inc., SEC, WELLS FARGO

Mercedes-Benz Financial is enhancing its lease vehicle turn-in process, called First Class Finish, by providing new software for its dealers hand-held Dynamic PDA (personal data assistant).

Tags: leasing, Mercedes-Benz Financial

General Motors Vice Chairman Robert A. Lutz will retire effective May 1, 2010, capping a 47-year career in the global auto industry that included senior leadership positions at four of the world’s leading automakers.

Tags: General Motors

Seasonal weakness drove U.S. prime auto loan ABS losses slightly higher in January versus prior months, according to Fitch Ratings.

Tags: 60-day delinquency, Fitch Ratings, prime auto ABS, used-vehicle values, wholesale-vehicle values