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Toyota Financial Services President Replaced
Scott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
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SEARCHMENUSEARCHScott Cooke has served in various roles with Toyota Financial Services for over 20 years, including president and CEO, which he retires from on June 30.
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Aftermarket income rose in 2010 with a 15 percent increase in F&I dollars and a 7 percent increase in service contract dollars from 2009, according to the National Automobile Dealers Association's 2011 NADA Data report.
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Delinquencies and dollar volume of at-risk loans continued to fall in the first quarter, and auto finance sources responded, with shares of loans to credit-challenged buyers increasing by 11.1 percent. Experian Automotive’s director of automotive credit provides a snapshot of other auto finance trends from the quarter.
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Alphera Financial Services is feeling a little freer these days. In fact, according to the company’s top exec, becoming a captive is a real possibility for the five-year-old company.
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By all accounts, leasing is back, but that doesn’t mean your F&I profits have to suffer. F&I trainer breaks down a process for making leasing a win-win for the finance office and the dealership.
Read More →The leadership may still be up for grabs at the CFPB, but the newly formed consumer watchdog agency will hit the ground running on July 21.
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Eliminating the business development center could be the death knell for any dealership in today’s Internet age, but not for Honda of Tenafly. In fact, it’s had the opposite effect.
Read More →Manheim Financial Services is expanding its specialty division and is looking to finance heavy truck, motorcycle and RV dealers with tailored floorplan options.
Read More →NADAguides selected the 2011 Chrysler 300 as Car of the Month for July based on its design, driving performance, technology features and safety ratings.
Read More →June was a standout month for Ford, GM, Nissan, Chrysler and Mercedes-Benz, all of which realized improvements from the year-ago month. Toyota showed decreases for June compared to last year and Honda continued to feel the effects of the March 11 earthquake in Japan. Overall, automakers realized month-to-month sales increases thanks to improved production capacity.
Read More →Equifax’s national monthly report showed increases in originations for auto, bankcard, consumer finance and home equity revolving lines on a year-to-date basis.
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