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July 20, 2017 - Industry News

Credit Tightening at Wells Fargo to Continue Into 2018

Wells Fargo President and CEO Timothy Sloan

With second quarter originations plunging 45% from a year ago on tightening underwriting standards, bank execs said they expect originations to continue falling for the rest of the year before stabilizing in the first half of 2018.

Tags: auto finance, car loan, F&I office, Wachovia Dealer Services, Wells Fargo Dealer Services

May 7, 2015 - Industry News

AmTrust to Acquire Wells Fargo’s Warranty Solutions

AmTrust announced last week that it has entered into a definite agreement to purchase Wells Fargo’s Warranty Solutions, which the bank acquired in October 2008 with its purchase of Wachovia Corp.

Tags: Acquisition, AmTrust, F&I products, Wachovia Dealer Services, Wells Fargo

March 5, 2010 - Industry News

Q&A: Dealer Services Execs Plot Course for New Wells Fargo

F&I sits down with the three executives who have taken the reigns of the combined dealer services groups of Wachovia and Wells Fargo. Hear what they have to say about the current market conditions and Wachovia officially taking on the stagecoach name.

Tags: Floorplan Financing, Small Business Administration, subprime, Wachovia Dealer Services, Wells Fargo

March 2, 2010 - Industry News

Finance Express Adds Wachovia Dealer Services to Loan Platform

Finance Express, a provider of Web-based financial services and technology for independent dealerships, announced today that it has added Wachovia Dealer Services to its platform.

Tags: Auto Loans, Finance Express, Independent Dealerships, Wachovia Dealer Services

March 12, 2009 - Industry News

Big Three Captives Lose Ground as AutoCount Ranks Top Lenders

Experian Automotive’s AutoCount has ranked the top auto finance lenders for 2008, listing Toyota Financial Services at the No. 1 spot and revealing that GMAC, Ford Motor Credit and Chrysler Financial Services lost significant market share in a watershed year for the U.S. automotive industry.

Tags: American Honda Finance, BMW, Capital One Auto Finance, Chase Auto Finance, Chrysler Financial Services, Ford Credit, GMAC Financial Services, Nissan Infiniti Financial Services, Toyota Financial Services, Wachovia Dealer Services

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