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NewsFebruary 1, 2012

MBFS to Appear on DealerTrack Credit Platform

Mercedes-Benz Financial Services USA LLC and DealerTrack announced that MBFS will become a lender on the DealerTrack credit application network beginning in March.

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NewsFebruary 1, 2012

Subaru Selects Carfax for Certified Pre-Owned Program

Subaru of America Inc. has named Carfax as its official provider of vehicle history information for the Subaru Certified Pre-Owned program.

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NewsFebruary 1, 2012

Consumer Confidence Experiences 3 Percent Dip

The Conference Board announced that the Consumer Confidence Index, which had increased in December, retreated in January. The Index now stands at 61.1, down from 64.8 in December.

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NewsFebruary 1, 2012

GM Financial Selects DataScan for Commercial Lending Business

GM Financial announced it has chosen DataScan Technologies LLC as its systems provider for the captive’s Commercial Lending Services business.

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NewsJanuary 31, 2012

Perception Trumps Reality for New-Car Buyers, Study Finds

J.D. Power and Associates’ 2012 Avoider Study indicated that more than 40 percent of new-vehicle buyers said they based their opinions on conventional wisdom or common knowledge rather than personal experience, reviews, ratings or recommendations.

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NewsJanuary 31, 2012

Flagship Credit Renews and Increases Credit Facility

Flagship announced that it has entered into an agreement with Wells Fargo Bank to renew and increase its commercial credit facility to $175 million.

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NewsJanuary 31, 2012

Delinquency Rates Improved in 2011, Equifax Reports

Equifax's December National Credit Trends Report revealed that U.S. consumers were much more diligent in paying down their debts in 2011.

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NewsJanuary 31, 2012

'Dr. J' to Sign Autographs in Safe-Guard NADA Booth

Basketball legend Julius “Dr. J” Erving will be available for autographs and pictures during a meet and greet in Booth No. 330 at the 2012 NADA Convention & Expo at the Las Vegas Convention Center.

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NewsJanuary 31, 2012

ODE Integrates With VW Credit

The partnership between Open Dealer Exchange and VW Credit includes processing credit application and contract data within the dealer management system.

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NewsJanuary 31, 2012

Ford Motor Credit Earns $1.8 Billion Net Income in 2011

Ford Motor Credit Company reported net income of $1.8 billion in 2011, compared with $2 billion a year earlier. On a pre-tax basis, Ford Credit earned $2.4 billion in 2011, compared with $3.1 billion in the previous year.

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