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Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
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Ford Motor Credit Company announced the launch of Lincoln Automotive Financial Services (LAFS), a new captive established to serve Lincoln customers.
Read More →vAuto announced that its customers can now source used vehicles available at Auction Pipeline auctions. They also have the ability to access run lists from within vAuto’s proprietary stocking module.
Read More →Total consumer debt now stands at $11.2 trillion, nearly equivalent to the $11.1 trillion pre-recession level in 2006, according to the latest Equifax National Credit Trends Report.
Read More →Auto finance companies have increased lending by more than 47 percent over the past two years, according to the latest Equifax National Credit Trends Report.
Read More →The new line of credit from Chase will serve as one of two primary sources of short-term revolving liquidity to fund Prestige Financial Services’ consumer lending activities.
Read More →Automakers enjoyed their best October since 2007, with U.S. auto sales rising about 8 percent from last October to 1.02 million, according to Autodata Corp.
Read More →Dealers United introduced a new service in which it will act as the conduit for single-point dealerships to negotiate better terms and prices with vendors, and bring costs down through volume purchasing.
Read More →Ally Financial Inc. debuted Ally Buyer’s Choice in five markets yesterday, a new financing product that offers the benefits of leasing but provides the advantages of owning a vehicle at a fixed rate and payment.
Read More →The American Financial Services Association announced that John Noone, Ford Motor Credit Company president, was appointed AFSA 2011-2012 chair.
Read More →The American Financial Services Association presented Stephen Smith, senior vice president of American Honda Finance Corporation, with the Distinguished Service Award during its 95th annual meeting in Washington D.C.
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