E-NEWSLETTER

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

Auto finance sources continued to favor the less risky lending categories in June, with approval rates for the prime and nearprime categories reaching new highs. The story was different for subprime approvals, which continued their descent from a high in April.

Tags: CNW Research, loan approvals, nearprime, prime, subprime

American consumers are doing a better job of making payments on their auto loans as delinquencies on 30- and 60-day loans fell in the first quarter of 2010, according to Experian Automotive.

Tags: 60-day delinquencies, average credit score, Experian Automotive, prime, subprime

Auto loan approvals continued to pick up in April, the same month pent-up demand reached its highest level since the third quarter 2008, according to CNW Research.

Tags: CNW Market Research, consumer demand, loan approvals, near-prime, prime, subprime

Finance Express, a provider of Web-based financial services and technology for independent auto dealerships, said that Gateway One Lending & Finance (GOLF), a lender specializing in prime and near-prime paper, joined the Finance Express platform.

Tags: Finance Express, near-prime, prime

A growing percentage of new-car sales are going to prime-credit customers as banks and other financial institutions look for safer bets, according to CNW Market Research.

Tags: CNW Market Research, near prime, prime, subprime