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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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Capital One has named Kevin Borgmann as the new president of its auto finance unit. In an exclusive interview with F&I and Showroom, he shared his goals for Capital One Auto Finance in 2011 and beyond.
Read More →700Credit LLC, a provider of credit reporting and compliance products and services, has partnered with CUDL, a provider of indirect and point-of-purchase auto lending solutions to the credit union industry.
Read More →Ally Financial has financed more consumer new-vehicle purchases in the United States than any other lender during 2010, according to AutoCount data by Experian Automotive.
Read More →A pilot loan program aimed at increasing access to inventory financing for auto, boat, RV and other dealerships was re-launched today, Feb. 8, the Small Business Administration announced. The program will run through Sept. 30, 2013.
Read More →CUDL, administrators of the nation’s largest auto lending network for credit unions and the CUDL AutoSMART vehicle shopping Website, premiered its new dealer portal Website at the 2011 NADA Convention and Expo.
Read More →Chrome Systems Inc., a subsidiary of DealerTrack Holdings Inc., announced the launch of PaymentDriver, a solution offering an online finance payment calculation service for automotive industry portals and Websites.
Read More →Prestige Financial Services and www.OnlineBKmanager.com have partnered to help dealers efficiently deliver vehicles and supply financing for bankruptcy customers. Through this alliance, Prestige Financial Services’ Dealers Partners can receive a package discount on www.OnlineBKmanger.com services.
Read More →Wolters Kluwer Financial Services has been added to the Louisiana Automobile Dealers Association (LADA)’s list of endorsed companies.
Read More →Ally Financial Inc. (Ally) today reported its fourth consecutive quarter of profitability with net income of $79 million for the fourth quarter of 2010, compared to a net loss of $5 billion for the year-ago period.
Read More →Ford Motor Credit Company reported net income of $2 billion in 2010, an improvement of $0.7 billion from earnings of $1.3 billion a year earlier.
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