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October 25, 2011

Auto Originations Up 17 Percent in 3Q, Reports Capital One

An increase in auto and commercial loan originations helped fuel a 1 percent profit gain in the third quarter for Capital One Financial Corp., the company reported last week.

October 25, 2011

SAAR to Reach Highest Level Since August 2009, Predicts is predicting that new light-vehicle sales (including fleet) will reach 1.035 million units in October, a 9 percent increase from a year ago.

October 25, 2011

Santander Has New Partner, Realizes $1 Billion Capital Gain

Santander Consumer USA announced that Sponsor Auto Finance Holdings Series will invest $1 billion in the company.

October 18, 2011

Chase Extends Finance Offerings to Aston Martin

Chase Auto Finance is now the exclusive provider for Aston Martin’s first U.S. retail subvention program.

October 13, 2011

Huntington Enters Wisconsin, Minnesota Markets

Huntington officials expect to pick up more than 400 dealers through its expansion into Wisconsin and Minnesota.

September 15, 2011

U.S. Economic Growth Will Continue to Lag, Says TD Economics

A new report released by TD Economics indicated that the U.S. economy will continue to grow, but the affiliate of TD Bank says the economy may not be able to sustain additional shocks to the system.

September 13, 2011

NAF Association Announces 2012 Conference Date

The National Automotive Finance (NAF) Association will kick off its 16th annual conference on May 30 at the Omni Fort Worth Hotel in Texas.

September 8, 2011

Saab Denied Bankruptcy Protection

The Associated Press reported today that a Swedish court rejected Saab’s application for credit protection, the latest setback for the cash-strapped carmaker.

September 5, 2011

Beware False Prophets of Profit

‘Da Man’ says it’s time for dealers to stop believing in the flawed logic that says it’s impossible to make a profit in today’s Internet age.

August 30, 2011

BlueYield, Endorsed Insurance Markets to Offer Auto Refinance Via Smart Phone

BlueYield Inc. announced a partnership with Endorsed Insurance Markets to make auto refinancing available to consumers through their smartphones.