FI showroom red and grey logo
MenuMENU
SearchSEARCH

Auto Finance

NewsNovember 30, 2010

Dodd-Frank Act, New Protection Bureau to Dominate Concerns in 2011

Coping with the uncertainty of the Dodd-Frank Act and its newly-formed Consumer Financial Protection Bureau (CFPB) will be among U.S. financial institutions’ foremost concerns in 2011, according to the experts at Wolters Kluwer Financial Services.

Read More →
NewsNovember 16, 2010

Auto Loan Default Rate Declines in October, Reports S&P/Experian

The default rate for auto loans declined 1.92 percent in October, the Standard & Poor’s/Experian Consumer Credit Default Indices revealed.

Read More →
NewsNovember 16, 2010

Comerica Bank: Auto Affordability Improves in Q3

The purchase and financing of an average priced new vehicle took 23.8 weeks of median family income in the third quarter 2010, according to Comerica Bank’s Auto Affordability Index.

Read More →
Ad Loading...
NewsNovember 16, 2010

Saab Selects Ally Financial as F&I Product Provider

Ally Financial has been selected by Saab Cars North America as the recommended provider of F&I products and services for Saab dealerships in the United States.

Read More →
NewsNovember 16, 2010

Daimler Financial Services Renamed to Mercedes-Benz Financial Services

Daimler Financial Services has changed its legal entity name to Mercedes-Benz Financial Services USA LLC, the company announced yesterday.

Read More →
NewsNovember 10, 2010

GM Financial Posts Income of $51 Million in September Quarter

General Motors Financial Company Inc., formerly known as AmeriCredit Corp., reported net income of $51 million for the quarter ended Sept. 30, 2010.

Read More →
Ad Loading...
NewsNovember 9, 2010

Industry Could See Solid First Quarter 2011, Says CNW

In his state of the industry report, CNW Research’s Art Spinella said several indicators point to a solid first quarter 2011. What his data doesn’t point to, however, is the industry cracking the 13 million-unit mark next year.

Read More →
NewsNovember 9, 2010

Exeter Finance Secures $150 Million Credit Line

Exeter Finance Corp., a specialty auto finance company, has entered into a $150 million warehouse line of credit with Wells Fargo Bank N.A.

Read More →
NewsNovember 9, 2010

Fitch: 2009 U.S. Prime Auto ABS Exceeding Expectations

Lower than expected losses for 2009 U.S. prime auto ABS loans are positioning this vintage for continued positive rating performance as the broader economy slowly improves, according to Fitch Ratings.

Read More →
Ad Loading...
NewsNovember 9, 2010

Vehicle Finance Conference to Focus on Evolving Marketplace

To help industry executives anticipate and deal with changes in the vehicle finance marketplace, the American Financial Services Association’s (AFSA) said its 15th Annual Vehicle Finance Conference and Exposition will focus on evolving with the changing market.

Read More →