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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.

Tags: auto ABS, delinquencies, Fitch Ratings, prime, subprime

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.

Tags: 60-day delinquencies, average amount financed, average credit score, deep subprime, delinquencies, Experian Automotive, nonprime, subprime

April 12, 2010

CUDL Credit Unions Break Into Top Five

A new report from Credit Union Direct Lending (CUDL) shows that the firm’s affiliated credit unions collectively represented the United States’ No. 5 source for auto loans in 2009.

Tags: charge-offs, CREDIT UNION, CUDL, delinquencies, indirect auto loans, new-vehicle originations

April 8, 2010

Consumer Loan Delinquencies Decline in 4Q 2009

Consumer loan delinquencies fell in eight of 11 loan categories in the fourth quarter of 2009, marking the second quarter in a row of broad-based improvement, according to the American Bankers Association's Consumer Credit Delinquency Bulletin.

Tags: American Bankers Association, delinquencies, direct auto loans, indirect auto loans

January 12, 2010

Consumer Loan Delinquencies Decline in 3Q 2009

The auto finance industry is showing signs of improvement as direct and indirect auto loan delinquencies both dropped in the third quarter 2009, according to the American Bankers Association.

Tags: 30-day delinquency, delinquencies, direct auto loan, indirect auto loan

June 15, 2009

Delinquency Rates Experience Seasonal Drop in 1Q

The automotive finance industry experienced a drop in the 60-day auto delinquency rate in the first quarter 2009, reflecting a seasonal pattern rather than a reversal of the trends associated with the current lending environment, according to TransUnion’s quarterly report on auto lending trends.

Tags: delinquencies, TransUnion

May 13, 2009

Leedom Group Offers Dealers Payment Tools Through Finance Express

The Leedom Group's two latest financial products, ACH Collector and the Leedom Convenient World Prepaid Visa Card, are now offered through Finance Express, a provider of Web-based dealer management systems and technology solutions for auto dealerships.

Tags: buy-here-pay-here, delinquencies, Leedom Group, special finance

May 5, 2009

GMAC Auto Division Posts Profit; Extends Curtailment Waiver

GMAC Financial Services today reported a first quarter 2009 net loss of $675 million, compared to a net loss of $589 million in the first quarter 2008.

Tags: Chrysler, credit losses, delinquencies, GMAC Financial Services, originations

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Will There Be Financing? - A look at the new economy's impact on the future of financing.

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Leasing in the Wake of Zero Percent Finance - What can be done for prospective buyers who can’t take advantage of the financing incentives?