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June 30, 2017 - Industry News

NMAC President Named Infiniti Executive

Pictured is Mark Kaczynski, former president of Nissan Motor Acceptance Corp.

Mark Kaczynski, president of Nissan’s captive finance company since December 2011, was named vice president of administration and finance for the automaker’s Infiniti luxury brand. Replacing him as president of NMAC is Nissan Canada Finance’s Kevin Cullum.

Tags: auto finance, captive finance, Kevin Cullum, Mark Kaczynski, Nissan Motor Acceptance Corp.

January 25, 2017 - Industry News

ChannelNet Transforms Hyundai Capital’s Dealer Portal Into Real-Time Sales Tool

Launched in 2016, the portal acts as a cross-channel, integrated platform that applies ‘customer-centric principles’ to the dealer staff experience, officials said. Usage is role based, personalized and mobile friendly.

Tags: captive finance, ChannelNet, digital retailing, Hyundai Capital, salesperson, showroom, Vehicle Sales

February 9, 2016 - Industry News

Q4 2015 Outstanding Loan Balances Reach Highest Level on Record, Experian Reports

Outstanding auto loan balances totaled $987 billion in the fourth quarter 2015, up 11.5% from the year-ago period and the highest level since Experian Automotive began publicly tracking the data in 2006.

Tags: 30-day delinquency rate, 60-Day Delinquency Rate, auto finance, Auto Loans, banks, captive finance, credit unions, Experian Automotive, finance companies, Oustanding Auto Loan Balances

December 1, 2015 - Industry News

Lincoln, Ford Captives Rank Highest in Customer Satisfaction, J.D. Power Reports

The firm’s annual Consumer Financing Satisfaction Study showed that Lincoln Financial Services led the way in the luxury segment, while Ford Credit ranked highest in the mass market segment.

Tags: auto finance, captive finance, Ford Credit, J.D. Power and Associates, Lincoln Automotive Financial Services

August 11, 2015 - Industry News

Auto Loan and Lease Balances Top $1 Trillion, Equifax Reports

The auto finance industry originated nine million auto loans through the first four months of year, totaling $182.9 billion. Equifax said these were the highest levels for this time of year since it began tracking auto finance data.

Tags: auto finance, Auto Loans, banks, captive finance, Equifax, F&I manager, F&I process

July 23, 2015 - Industry News

AutoNation’s Jackson Urges Other Lenders to Follow Honda Financial’s Lead

The group’s chief executive reiterated his support for Honda Financial’s new dealer markup caps. He said the policy should serve as a template for the rest of the auto finance industry.

Tags: AutoNation, captive finance, CFPB, Consumer Financial Protection Bureau, Department of Justice, F&I products, Mike Jackson, Quarterly Earnings, rate markup

July 1, 2015 - Industry News

CFPB Preparing to Cite Three Captives, American Banker Reports

According to proposed consent orders obtained by American Banker, Honda, Nissan and Toyota’s captive finance companies could soon be on the hook for dealer participation policies.

Tags: American Honda Finance, Auto Lending, captive finance, CFPB, Consumer Financial Protection Bureau, Department of Justice, discrimination, DOJ, Honda, Nissan, Nissan Motor Acceptance Corp., Toyota, Toyota Financial Services, Toyota Motor Credit Corp

April 27, 2015 - Industry News

Ally to Replace Mitsubishi’s Captive Finance Arm

Ally Financial and Mitsubishi Motors North America have announced that Ally will become the preferred financing source for Mitsubishi Motors in the United States, replacing the brand's captive finance company.

Tags: Ally Financial, captive finance, Mitsubishi

February 8, 2012 - Industry News

Volvo Launches U.S. Captive Finance Arm

Volvo Cars of North America announced the establishment of Volvo Car Financial Services, which will begin providing financial services products to Volvo retailers in all 50 states later this year.

Tags: captive finance, Volvo

November 8, 2011 - Industry News

Ford Credit Launches Lincoln-Branded Captive

Ford Motor Credit Company announced the launch of Lincoln Automotive Financial Services (LAFS), a new captive established to serve Lincoln customers.

Tags: captive finance, F&I products, Ford, Ford Credit, Lincoln, Lincoln Automotive Financial Services

October 14, 2011 - Industry News

GM Financial to Offer Dealer Financing by April 2012

GM Financial will become a player in the commercial lending segment by the end of the first quarter 2012, according to statements made yesterday by the company’s president and CEO, Dan Berce.

Tags: captive finance, commercial financing, Floorplan Financing, GM Financial, subprime

September 8, 2011 - Industry News

Chase, Subaru Extend Captive Lender Agreement

Chase Auto Finance renews its relationship with Subaru of America and will be the automaker’s captive finance company for another five years.

Tags: captive finance, Chase, Chase Auto Finance, Subaru

September 8, 2011 - Industry News

Chase Extends Financing Program to FIAT Dealers

Chase Auto Finance will extend the consumer financing program it launched for Chrysler dealers to FIAT dealers.

Tags: captive finance, Chase, Chase Auto Finance, Fiat

August 15, 2011 - Industry News

Chase Launches Financing Program For Chrysler, Jeep, Dodge, Ram Customers

Chase Auto Finance launched of a new consumer financing program that includes retail subvention financing for Chrysler, Jeep, Dodge and Ram Truck vehicles.

Tags: captive finance, Chase, Chase Auto Finance, Chrysler, Dodge, Finance, Jeep, Ram, retail financing

August 2, 2011 - Industry News

J.D. Power: Banks Lead the Way in Dealer Satisfaction Study

J.D. Power and Associates’ 2011 U.S. Dealer Financing Satisfaction Study indicated that dealer satisfaction with lenders has improved in all categories, with Mercedes-Benz and BMW captives leading the way.

Tags: banks, captive finance, dealer, J.D. Power and Associates, Lender

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