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F&I•by Staff•September 7, 2010

Compli Releases New HR Software Solution

Compli, a provider of human resources and compliance management software, has released Compli 6.5, a program that manages the entire employment lifecycle.

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F&I•by Staff•September 2, 2010

Incentives Up Nearly 10 Percent One Year After 'Cash for Clunkers'

Edmunds.com estimated that the average new-car incentive in the United States was $2,681 per vehicle sold in August 2010, down $84, or 3 percent, from July 2010, and up $225, or 9.2 percent, from August 2009.

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F&I•by Staff•September 1, 2010

Chevrolet Dealers Urged to Stock Civics, Corollas as Cruze Launch Nears

The Chevrolet Cruze is due to hit showrooms by the end of this month, and General Motors Co. is confident it will make waves in the small-car market — so confident, in fact, the OEM is urging Chevrolet dealers to keep a 2011 Honda Civic and Toyota Corolla on their lots for comparison test drives.

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F&I•by Staff•August 31, 2010

Auto Sales Drive Rise in Consumer Spending

Fueled by a 1.6 percent increase in vehicle sales in July, the segment that accounts for up to 70 percent of the nation’s economic activity jumped out to its fastest pace in four months.

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Auto Finance•by Staff•August 31, 2010

Auto Loan ABS Performance Follows Seasonal Downshift

The performance of U.S. auto loan ABS is starting to exhibit seasonal negative trends, according to the auto loan ABS indices results from Fitch Ratings.

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F&I•by Staff•August 31, 2010

New Cars, Redesigns Improve Outlook for Detroit Three

The latest “Residual Value Report” from DealerTrack subsidiary ALG anticipates “healthy growth” for domestic and import brands in the United States over the next two years, with new vehicles and redesigned standbys helping the Detroit Three stay competitive.

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Auto Finance•by Staff•August 31, 2010

FDIC: Reduced Loan-Loss Provisions Push Bank Earnings to Three-Year High

Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $21.6 billion in the second quarter of 2010, a $26 billion improvement from the $4.4 billion net loss the industry posted in the second quarter of 2009.

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Auto Finance•by Staff•August 31, 2010

Auto Loan Delinquencies Drop; Nonprime and Subprime Loans Rise

Automotive loan delinquencies dropped during the second quarter this year, marking the second consecutive quarter with a year-over-year decrease in quarterly delinquencies, according to Experian Automotive.

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F&I•by Staff•August 31, 2010

Chrysler Hosts 400 Potential Fiat Dealers

Chrysler Group LLC hosted Monday about 400 Chrysler Group dealers to outline the requirements to become a Fiat dealer in the United States.

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Auto Finance•by Staff•August 30, 2010

National Delinquency Rate Declines Nearly 20 Percent in 2Q

The national 60-day auto delinquency rate fell 19.7 percent between the first and second quarters of 2010 to 0.53 percent, according to a TransUnion quarterly analysis of auto finance trends.

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