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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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Ally Financial Inc. announced on March 30 that it completed the refinancing of $15 billion in credit facilities at both the parent company and at its banking subsidiary, Ally Bank, with a syndicate of 21 lenders.
Read More →Edmunds.com estimated that the average automotive manufacturer incentive in the United States was $2,346 per vehicle sold in March 2011, down $469 – or 16.7 percent – from March 2010, and down $220 – or 8.6 percent – from February 2011.
Read More →General Motors Financial Company Inc. announced on March 31 a definitive agreement to acquire FinanciaLinx Corporation.
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The auto finance market continued to drive forward in the fourth quarter of 2010, but can it continue? Experian Automotive’s director of automotive credit runs through the numbers.
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Today’s Internet shopper is forcing lenders to consider the direct-to-consumer channel in greater numbers. Auto finance insider offers several reasons why this may not be a bad thing for dealers.
Read More →Standard & Poor’s Ratings Services reaffirmed its STRONG rating of World Omni Financial Corp./CenterOne Financial Services LLC (World Omni/CenterOne), which has maintained this status since 2004.
Read More →Prestige Financial Services Inc. has completed its eighth rated term securitization, issuing $221.6 million in notes backed by $225.6 million in subprime automobile installment receivables.
Read More →National Automotive Experts (NAE) and National Warranty Administration Network (NWAN) announced a new partnership with Paylink Payment Plans LLC (Paylink).
Read More →March new-vehicle retail sales are showing stability through the first three weeks of the month, continuing a trend of monthly double-digit year-over-year increases, according to J.D. Power and Associates.
Read More →More than 200 general agents and product providers convened at the Las Vegas Hilton from March 8-9 for Agent Summit 2011, more than outpacing organizers’ attendance expectations for the inaugural event.
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